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

Shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN) have earned an average rating of “Hold” from the seven analysts that are currently covering the company, MarketBeat.com reports. Six investment analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $9.43.

Several research analysts have weighed in on the company. Piper Sandler reiterated a “neutral” rating and issued a $8.00 target price on shares of The Hain Celestial Group in a research note on Thursday, September 19th. Barclays lowered their target price on shares of The Hain Celestial Group from $9.00 to $8.00 and set an “equal weight” rating on the stock in a research report on Monday, November 11th. DA Davidson decreased their price objective on shares of The Hain Celestial Group from $9.00 to $8.00 and set a “neutral” rating on the stock in a research report on Tuesday. Finally, Stifel Nicolaus increased their target price on The Hain Celestial Group from $8.00 to $9.00 and gave the company a “hold” rating in a report on Wednesday, August 28th.

The Hain Celestial Group Stock Performance

Shares of The Hain Celestial Group stock opened at $7.24 on Monday. The firm’s 50 day moving average is $8.27 and its two-hundred day moving average is $7.58. The Hain Celestial Group has a 52 week low of $5.68 and a 52 week high of $11.68. The company has a quick ratio of 1.05, a current ratio of 2.01 and a debt-to-equity ratio of 0.76. The firm has a market capitalization of $652.98 million, a P/E ratio of -7.70 and a beta of 0.74.

The Hain Celestial Group (NASDAQ:HAIN) last announced its earnings results on Thursday, November 7th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.02). The business had revenue of $394.60 million for the quarter, compared to analysts’ expectations of $394.24 million. The Hain Celestial Group had a positive return on equity of 3.13% and a negative net margin of 4.94%. The business’s revenue was down 7.2% on a year-over-year basis. During the same quarter last year, the business posted ($0.04) earnings per share. Research analysts forecast that The Hain Celestial Group will post 0.46 EPS for the current fiscal year.

Insider Buying and Selling at The Hain Celestial Group

In related news, insider Chad D. Marquardt purchased 5,300 shares of the firm’s stock in a transaction on Wednesday, September 4th. The shares were bought at an average price of $8.32 per share, for a total transaction of $44,096.00. Following the acquisition, the insider now directly owns 15,300 shares in the company, valued at $127,296. This trade represents a 53.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at this link. 0.83% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the company. Creative Planning grew its position in The Hain Celestial Group by 3.6% during the third quarter. Creative Planning now owns 36,298 shares of the company’s stock valued at $313,000 after acquiring an additional 1,272 shares during the period. CWM LLC lifted its stake in shares of The Hain Celestial Group by 14.5% in the 3rd quarter. CWM LLC now owns 10,098 shares of the company’s stock valued at $87,000 after purchasing an additional 1,276 shares in the last quarter. Illinois Municipal Retirement Fund grew its holdings in shares of The Hain Celestial Group by 3.3% during the 1st quarter. Illinois Municipal Retirement Fund now owns 54,172 shares of the company’s stock worth $426,000 after purchasing an additional 1,710 shares during the period. US Bancorp DE increased its position in The Hain Celestial Group by 10.3% during the 3rd quarter. US Bancorp DE now owns 19,518 shares of the company’s stock worth $168,000 after purchasing an additional 1,815 shares in the last quarter. Finally, Signaturefd LLC raised its holdings in The Hain Celestial Group by 125.9% in the second quarter. Signaturefd LLC now owns 3,994 shares of the company’s stock valued at $28,000 after buying an additional 2,226 shares during the period. 97.01% of the stock is owned by hedge funds and other institutional investors.

About The Hain Celestial Group

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.