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

The Hain Celestial Group, Inc. (NASDAQ:HAIN) has been assigned a consensus recommendation of “Hold” from the seven research firms that are currently covering the stock, MarketBeat reports. Six equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $8.71.

A number of research analysts have issued reports on HAIN shares. Piper Sandler decreased their target price on The Hain Celestial Group from $8.00 to $7.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. DA Davidson cut their price target on The Hain Celestial Group from $9.00 to $8.00 and set a “neutral” rating on the stock in a report on Tuesday, November 12th. Stifel Nicolaus cut their price target on The Hain Celestial Group from $9.00 to $7.00 and set a “hold” rating on the stock in a report on Friday, January 24th. Finally, Barclays cut their price target on The Hain Celestial Group from $8.00 to $6.00 and set an “equal weight” rating on the stock in a report on Friday, January 17th.

Institutional Trading of The Hain Celestial Group

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Grace & White Inc. NY acquired a new stake in The Hain Celestial Group in the fourth quarter valued at $86,000. Van ECK Associates Corp grew its holdings in The Hain Celestial Group by 49.0% during the 4th quarter. Van ECK Associates Corp now owns 10,805 shares of the company’s stock worth $66,000 after acquiring an additional 3,554 shares during the period. Sageworth Trust Co acquired a new stake in The Hain Celestial Group during the 4th quarter worth about $234,000. Union Bancaire Privee UBP SA acquired a new stake in The Hain Celestial Group during the 4th quarter worth about $97,000. Finally, Inspire Investing LLC grew its holdings in The Hain Celestial Group by 38.1% during the 4th quarter. Inspire Investing LLC now owns 65,271 shares of the company’s stock worth $401,000 after acquiring an additional 18,019 shares during the period. 97.01% of the stock is currently owned by institutional investors and hedge funds.

The Hain Celestial Group Trading Down 1.4 %

Shares of HAIN opened at $5.06 on Friday. The stock has a fifty day moving average price of $6.59 and a two-hundred day moving average price of $7.42. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.05 and a current ratio of 2.01. The Hain Celestial Group has a 52-week low of $4.47 and a 52-week high of $11.68. The company has a market cap of $456.38 million, a price-to-earnings ratio of -5.38 and a beta of 0.76.

The Hain Celestial Group (NASDAQ:HAIN) last released 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 Hain Celestial Group had a negative net margin of 4.94% and a positive return on equity of 3.13%. The firm had revenue of $394.60 million during the quarter, compared to analyst estimates of $394.24 million. During the same period last year, the business posted ($0.04) earnings per share. The firm’s quarterly revenue was down 7.2% on a year-over-year basis. Analysts predict that The Hain Celestial Group will post 0.43 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.