The Hain Celestial Group, Inc. (NASDAQ:HAIN) Receives $9.43 Average PT from Brokerages

The Hain Celestial Group, Inc. (NASDAQ:HAIN) has received a consensus rating of “Hold” from the seven research firms that are presently covering the firm, MarketBeat.com reports. Six research 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 analysts that have covered the stock in the last year is $9.43.

Several research analysts have recently issued reports on the stock. Piper Sandler restated a “neutral” rating and issued a $8.00 target price on shares of The Hain Celestial Group in a report on Thursday, September 19th. Barclays decreased their price objective on shares of The Hain Celestial Group from $9.00 to $8.00 and set an “equal weight” rating for the company in a research note on Monday, November 11th. Stifel Nicolaus lifted their target price on The Hain Celestial Group from $8.00 to $9.00 and gave the stock a “hold” rating in a research report on Wednesday, August 28th. Finally, DA Davidson dropped their price target on The Hain Celestial Group from $9.00 to $8.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 12th.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Barrow Hanley Mewhinney & Strauss LLC grew its stake in shares of The Hain Celestial Group by 1.1% during the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 5,698,984 shares of the company’s stock worth $39,380,000 after purchasing an additional 62,865 shares during the period. PGGM Investments grew its position in The Hain Celestial Group by 1.3% during the second quarter. PGGM Investments now owns 4,183,854 shares of the company’s stock worth $28,910,000 after buying an additional 51,912 shares during the period. State Street Corp grew its position in The Hain Celestial Group by 0.4% during the third quarter. State Street Corp now owns 3,464,855 shares of the company’s stock worth $29,902,000 after buying an additional 15,494 shares during the period. Millennium Management LLC increased its holdings in The Hain Celestial Group by 171.3% in the second quarter. Millennium Management LLC now owns 2,634,718 shares of the company’s stock valued at $18,206,000 after buying an additional 1,663,542 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of The Hain Celestial Group by 6.8% during the 3rd quarter. Geode Capital Management LLC now owns 2,229,181 shares of the company’s stock valued at $19,241,000 after acquiring an additional 142,097 shares during the period. Hedge funds and other institutional investors own 97.01% of the company’s stock.

The Hain Celestial Group Stock Up 0.5 %

The Hain Celestial Group stock opened at $8.27 on Friday. The firm has a market capitalization of $745.90 million, a P/E ratio of -8.80 and a beta of 0.71. The company has a current ratio of 2.01, a quick ratio of 1.05 and a debt-to-equity ratio of 0.76. The Hain Celestial Group has a twelve month low of $5.68 and a twelve month high of $11.68. The stock’s fifty day simple moving average is $8.32 and its 200-day simple moving average is $7.71.

The Hain Celestial Group (NASDAQ:HAIN) last issued its quarterly 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 Hain Celestial Group had a positive return on equity of 3.13% and a negative net margin of 4.94%. The firm had revenue of $394.60 million during the quarter, compared to analysts’ expectations of $394.24 million. During the same quarter in the prior year, the firm earned ($0.04) EPS. The firm’s revenue was down 7.2% compared to the same quarter last year. As a group, equities analysts expect that The Hain Celestial Group will post 0.44 earnings per share 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.