Brokerages Set The Hain Celestial Group, Inc. (NASDAQ:HAIN) PT at $10.88

Shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN) have been assigned an average recommendation of “Hold” from the seven research firms that are presently covering the company, MarketBeat.com 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 analysts that have covered the stock in the last year is $10.88.

A number of brokerages have recently issued reports on HAIN. DA Davidson reiterated a “neutral” rating and set a $8.00 price objective on shares of The Hain Celestial Group in a report on Wednesday, August 28th. Piper Sandler restated a “neutral” rating and set a $8.00 price target on shares of The Hain Celestial Group in a research note on Thursday, September 19th. Stifel Nicolaus upped their price objective on shares of The Hain Celestial Group from $8.00 to $9.00 and gave the company a “hold” rating in a report on Wednesday, August 28th. Finally, Barclays boosted their price objective on The Hain Celestial Group from $7.00 to $9.00 and gave the company an “equal weight” rating in a research note on Thursday, August 29th.

The Hain Celestial Group Price Performance

Shares of HAIN stock opened at $8.26 on Friday. The business has a fifty day simple moving average of $7.54 and a 200 day simple moving average of $7.29. The company has a market cap of $742.11 million, a P/E ratio of -8.10 and a beta of 0.75. The company has a quick ratio of 1.01, a current ratio of 1.98 and a debt-to-equity ratio of 0.78. The Hain Celestial Group has a twelve month low of $5.68 and a twelve month high of $12.49.

The Hain Celestial Group (NASDAQ:HAIN) last issued its quarterly earnings data on Tuesday, August 27th. The company reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.05. The company had revenue of $419.00 million during the quarter, compared to the consensus estimate of $417.99 million. The Hain Celestial Group had a positive return on equity of 3.10% and a negative net margin of 4.32%. The firm’s revenue was down 6.4% compared to the same quarter last year. During the same period last year, the company earned $0.11 earnings per share. On average, sell-side analysts forecast that The Hain Celestial Group will post 0.49 EPS for the current fiscal year.

Insider Transactions at The Hain Celestial Group

In related news, insider Chad D. Marquardt bought 5,300 shares of the firm’s stock in a transaction that occurred on Wednesday, September 4th. The shares were bought at an average cost of $8.32 per share, with a total value of $44,096.00. Following the acquisition, the insider now owns 15,300 shares in the company, valued at $127,296. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.72% of the company’s stock.

Institutional Investors Weigh In On The Hain Celestial Group

Several institutional investors and hedge funds have recently modified their holdings of the stock. Signaturefd LLC lifted its holdings in The Hain Celestial Group by 125.9% during the 2nd quarter. Signaturefd LLC now owns 3,994 shares of the company’s stock valued at $28,000 after buying an additional 2,226 shares in the last quarter. nVerses Capital LLC lifted its stake in shares of The Hain Celestial Group by 161.1% during the second quarter. nVerses Capital LLC now owns 4,700 shares of the company’s stock worth $32,000 after buying an additional 2,900 shares during the period. CWM LLC grew its stake in The Hain Celestial Group by 357.8% during the 2nd quarter. CWM LLC now owns 8,822 shares of the company’s stock valued at $61,000 after purchasing an additional 6,895 shares during the last quarter. Choreo LLC acquired a new position in The Hain Celestial Group in the 2nd quarter worth approximately $71,000. Finally, Evergreen Capital Management LLC purchased a new position in shares of The Hain Celestial Group during the second quarter worth $72,000. Institutional investors 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.