The Hain Celestial Group, Inc. (NASDAQ:HAIN) Given Average Recommendation of “Hold” by Brokerages

The Hain Celestial Group, Inc. (NASDAQ:HAIN) has been assigned an average recommendation of “Hold” from the eight research firms that are covering the firm, Marketbeat reports. Seven investment analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $6.44.

A number of analysts have weighed in on the stock. Piper Sandler decreased their target price on shares of The Hain Celestial Group from $8.00 to $7.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. JPMorgan Chase & Co. reduced their price objective on The Hain Celestial Group from $6.00 to $5.00 and set a “neutral” rating on the stock in a research report on Friday. Stifel Nicolaus lowered their target price on The Hain Celestial Group from $7.00 to $6.00 and set a “hold” rating for the company in a report on Tuesday, February 11th. Barclays cut their price target on The Hain Celestial Group from $6.00 to $5.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 11th. Finally, Maxim Group lowered their price objective on The Hain Celestial Group from $15.00 to $10.00 and set a “buy” rating for the company in a research note on Tuesday, February 11th.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Wealthfront Advisers LLC acquired a new stake in shares of The Hain Celestial Group during the fourth quarter worth $370,371,000. Barclays PLC boosted its position in The Hain Celestial Group by 124.6% during the third quarter. Barclays PLC now owns 182,609 shares of the company’s stock valued at $1,576,000 after acquiring an additional 101,290 shares during the last quarter. Proficio Capital Partners LLC acquired a new stake in The Hain Celestial Group during the 4th quarter worth about $142,000. Rice Hall James & Associates LLC bought a new position in shares of The Hain Celestial Group in the 4th quarter worth about $2,652,000. Finally, Quest Partners LLC lifted its stake in shares of The Hain Celestial Group by 387.1% in the 3rd quarter. Quest Partners LLC now owns 212,655 shares of the company’s stock valued at $1,835,000 after purchasing an additional 168,996 shares during the period. Institutional investors own 97.01% of the company’s stock.

The Hain Celestial Group Trading Down 12.0 %

Shares of HAIN opened at $3.82 on Friday. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.00 and a current ratio of 1.90. The Hain Celestial Group has a 52-week low of $3.28 and a 52-week high of $9.43. The firm has a market cap of $344.74 million, a price-to-earnings ratio of -1.97 and a beta of 0.83. The business’s fifty day moving average is $4.54 and its 200-day moving average is $6.76.

The Hain Celestial Group (NASDAQ:HAIN) last released its earnings results on Monday, February 10th. The company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.04). The Hain Celestial Group had a negative net margin of 10.51% and a positive return on equity of 2.88%. Equities analysts anticipate that The Hain Celestial Group will post 0.4 EPS for the current fiscal year.

The Hain Celestial Group Company Profile

The Hain Celestial Group, Inc manufactures, markets, and sells organic and natural products in United States, United Kingdom, Europe, and internationally. It operates through two segments: North America and International. The company offers infant formula; infant, toddler, and kids' food; plant-based beverages and frozen desserts, such as soy, rice, oat, and spelt; and condiments.