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

Shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN) have earned a consensus rating of “Hold” from the seven research firms that are presently covering the company, MarketBeat reports. Six equities research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $8.71.

Several equities analysts recently weighed in on the stock. Stifel Nicolaus dropped their price target on shares of The Hain Celestial Group from $9.00 to $7.00 and set a “hold” rating on the stock in a research report on Friday, January 24th. Piper Sandler dropped their target price on shares of The Hain Celestial Group from $8.00 to $7.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Barclays dropped their target price on shares of The Hain Celestial Group from $8.00 to $6.00 and set an “equal weight” rating on the stock in a research report on Friday, January 17th. Finally, DA Davidson dropped their target price 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, November 12th.

The Hain Celestial Group Stock Performance

Shares of HAIN opened at $5.06 on Friday. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.01 and a quick ratio of 1.05. The stock has a 50-day moving average of $6.59 and a 200-day moving average of $7.42. The company has a market cap of $456.38 million, a PE ratio of -5.38 and a beta of 0.76. The Hain Celestial Group has a one year low of $4.47 and a one year high of $11.68.

The Hain Celestial Group (NASDAQ:HAIN) last issued its earnings results on Thursday, November 7th. The company reported ($0.04) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.02). The firm had revenue of $394.60 million during the quarter, compared to analyst estimates of $394.24 million. The Hain Celestial Group had a negative net margin of 4.94% and a positive return on equity of 3.13%. The business’s quarterly revenue was down 7.2% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.04) earnings per share. On average, equities research analysts predict that The Hain Celestial Group will post 0.43 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Barclays PLC grew its stake in The Hain Celestial Group by 124.6% in the 3rd quarter. Barclays PLC now owns 182,609 shares of the company’s stock valued at $1,576,000 after buying an additional 101,290 shares in the last quarter. Quest Partners LLC grew its stake in The Hain Celestial Group by 387.1% in the 3rd quarter. Quest Partners LLC now owns 212,655 shares of the company’s stock valued at $1,835,000 after buying an additional 168,996 shares in the last quarter. Deerfield Management Company L.P. Series C grew its stake in The Hain Celestial Group by 391.6% in the 2nd 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 in the last quarter. Geode Capital Management LLC grew its stake in The Hain Celestial Group by 6.8% in the 3rd quarter. Geode Capital Management LLC now owns 2,229,181 shares of the company’s stock valued at $19,241,000 after buying an additional 142,097 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new position in The Hain Celestial Group in the 3rd quarter valued at approximately $2,515,000. 97.01% of the stock is currently 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.