The Hain Celestial Group, Inc. (NASDAQ:HAIN) Receives Consensus Recommendation of “Hold” from Analysts

The Hain Celestial Group, Inc. (NASDAQ:HAIN) has earned a consensus recommendation of “Hold” from the seven ratings firms that are covering the stock, Marketbeat reports. Six investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is $9.43.

Several analysts have issued reports on the company. DA Davidson dropped their price objective 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. Barclays dropped their price target 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. Finally, Piper Sandler reaffirmed a “neutral” rating and set a $8.00 price objective on shares of The Hain Celestial Group in a research report on Thursday, September 19th.

The Hain Celestial Group Price Performance

NASDAQ:HAIN opened at $6.19 on Tuesday. 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 firm has a fifty day simple moving average of $7.63 and a 200 day simple moving average of $7.66. The Hain Celestial Group has a 1-year low of $5.68 and a 1-year high of $11.68. The stock has a market capitalization of $558.30 million, a PE ratio of -6.59 and a beta of 0.76.

The Hain Celestial Group (NASDAQ:HAIN) last released its quarterly earnings data on Thursday, November 7th. The company reported ($0.04) earnings per share for the quarter, missing the consensus estimate 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 for the quarter, compared to analyst estimates of $394.24 million. During the same quarter in the prior year, the firm earned ($0.04) earnings per share. The firm’s revenue for the quarter was down 7.2% on a year-over-year basis. On average, research analysts expect that The Hain Celestial Group will post 0.44 EPS for the current fiscal year.

Institutional Investors Weigh In On The Hain Celestial Group

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Quest Partners LLC grew its position in shares of The Hain Celestial Group by 387.1% during the 3rd quarter. Quest Partners LLC now owns 212,655 shares of the company’s stock worth $1,835,000 after purchasing an additional 168,996 shares in the last quarter. Deerfield Management Company L.P. Series C boosted its stake in shares of The Hain Celestial Group by 391.6% in the second quarter. Deerfield Management Company L.P. Series C now owns 124,589 shares of the company’s stock valued at $861,000 after buying an additional 99,246 shares during the period. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in The Hain Celestial Group during the third quarter worth approximately $2,515,000. Hotchkis & Wiley Capital Management LLC increased its stake in The Hain Celestial Group by 54.9% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 1,224,590 shares of the company’s stock worth $10,568,000 after acquiring an additional 434,070 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in The Hain Celestial Group by 83.4% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 27,580 shares of the company’s stock valued at $238,000 after acquiring an additional 12,542 shares in the last quarter. Institutional investors and hedge funds own 97.01% of the company’s stock.

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.