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

Shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN) have received an average rating of “Hold” from the seven research firms that are currently covering the company, MarketBeat.com reports. Six analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $10.88.

Several analysts have weighed in on the company. Stifel Nicolaus lifted their price objective on The Hain Celestial Group from $8.00 to $9.00 and gave the company a “hold” rating in a research report on Wednesday, August 28th. DA Davidson reiterated a “neutral” rating and set a $8.00 target price on shares of The Hain Celestial Group in a report on Wednesday, August 28th. Barclays lifted their target price on shares of The Hain Celestial Group from $7.00 to $9.00 and gave the company an “equal weight” rating in a report on Thursday, August 29th. Finally, Piper Sandler reiterated a “neutral” rating and set a $8.00 target price on shares of The Hain Celestial Group in a report on Thursday.

Insider Activity

In other news, insider Chad D. Marquardt purchased 5,300 shares of the stock in a transaction dated Wednesday, September 4th. The shares were purchased at an average cost of $8.32 per share, with a total value of $44,096.00. Following the acquisition, the insider now directly owns 15,300 shares of the company’s stock, valued at $127,296. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.72% of the company’s stock.

Hedge Funds Weigh In On The Hain Celestial Group

A number of institutional investors have recently bought and sold shares of the stock. Illinois Municipal Retirement Fund raised its holdings in The Hain Celestial Group by 3.3% in 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. First Trust Direct Indexing L.P. increased its stake in The Hain Celestial Group by 13.0% in the 1st quarter. First Trust Direct Indexing L.P. now owns 16,404 shares of the company’s stock worth $129,000 after buying an additional 1,885 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in The Hain Celestial Group by 17.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 13,839 shares of the company’s stock worth $152,000 after buying an additional 2,096 shares in the last quarter. Signaturefd LLC increased its stake in The Hain Celestial Group by 125.9% in the 2nd quarter. Signaturefd LLC now owns 3,994 shares of the company’s stock worth $28,000 after buying an additional 2,226 shares in the last quarter. Finally, nVerses Capital LLC increased its stake in The Hain Celestial Group by 161.1% in the 2nd quarter. nVerses Capital LLC now owns 4,700 shares of the company’s stock worth $32,000 after buying an additional 2,900 shares in the last quarter. 97.01% of the stock is owned by institutional investors.

The Hain Celestial Group Trading Down 1.7 %

NASDAQ HAIN opened at $7.74 on Friday. The stock’s 50-day simple moving average is $7.52 and its two-hundred day simple moving average is $7.32. The Hain Celestial Group has a twelve month low of $5.68 and a twelve month high of $12.49. The company has a quick ratio of 1.01, a current ratio of 1.98 and a debt-to-equity ratio of 0.78. The company has a market capitalization of $695.39 million, a price-to-earnings ratio of -7.59 and a beta of 0.75.

The Hain Celestial Group (NASDAQ:HAIN) last released its quarterly earnings data on Tuesday, August 27th. The company reported $0.13 EPS for the quarter, topping the consensus estimate of $0.08 by $0.05. The firm had revenue of $419.00 million for the quarter, compared to the consensus estimate of $417.99 million. The Hain Celestial Group had a positive return on equity of 3.10% and a negative net margin of 4.32%. The company’s quarterly revenue was down 6.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.11 earnings per share. Research analysts forecast that The Hain Celestial Group will post 0.49 EPS for the current fiscal year.

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.