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 research firms that are presently covering the firm, Marketbeat reports. Six analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 12-month price objective 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. Stifel Nicolaus lifted their target price on The Hain Celestial Group from $8.00 to $9.00 and gave the company a “hold” rating in a research note on Wednesday, August 28th. DA Davidson lowered their target price 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. Finally, Barclays lowered their target price on The Hain Celestial Group from $9.00 to $8.00 and set an “equal weight” rating on the stock in a research note on Monday, November 11th.

The Hain Celestial Group Trading Up 0.1 %

NASDAQ:HAIN opened at $8.08 on Friday. The stock’s 50 day moving average price is $8.29 and its 200 day moving average price is $7.72. The company has a market capitalization of $728.74 million, a PE ratio of -8.60 and a beta of 0.72. 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 Hain Celestial Group has a 52-week low of $5.68 and a 52-week high of $11.68.

The Hain Celestial Group (NASDAQ:HAIN) last released 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 firm 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 company’s quarterly revenue was down 7.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.04) EPS. On average, research analysts anticipate that The Hain Celestial Group will post 0.44 EPS for the current year.

Institutional Trading of The Hain Celestial Group

Several hedge funds have recently modified their holdings of the business. Barrow Hanley Mewhinney & Strauss LLC lifted its holdings in shares of The Hain Celestial Group by 1.1% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 5,698,984 shares of the company’s stock valued at $39,380,000 after buying an additional 62,865 shares during the period. PGGM Investments raised its holdings 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 purchasing an additional 51,912 shares during the last quarter. State Street Corp raised its holdings 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 purchasing an additional 15,494 shares during the last quarter. Millennium Management LLC raised its holdings in The Hain Celestial Group by 171.3% during the second quarter. Millennium Management LLC now owns 2,634,718 shares of the company’s stock worth $18,206,000 after purchasing an additional 1,663,542 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in The Hain Celestial Group by 6.8% during the third quarter. Geode Capital Management LLC now owns 2,229,181 shares of the company’s stock worth $19,241,000 after purchasing an additional 142,097 shares during the last quarter. 97.01% of the stock is owned by institutional investors and hedge funds.

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.