The Hain Celestial Group, Inc. (NASDAQ:HAIN) Receives $6.56 Average Target Price from Analysts

The Hain Celestial Group, Inc. (NASDAQ:HAIN) has received an average rating of “Hold” from the eight brokerages that are currently covering the stock, Marketbeat.com reports. Seven investment analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $6.56.

A number of brokerages recently issued reports on HAIN. Evercore ISI decreased their price target on shares of The Hain Celestial Group from $9.00 to $6.00 and set an “in-line” rating for the company in a research note on Wednesday, February 12th. Stifel Nicolaus decreased their price target on shares of The Hain Celestial Group from $7.00 to $6.00 and set a “hold” rating for the company in a research note on Tuesday, February 11th. DA Davidson decreased their price target on shares of The Hain Celestial Group from $9.00 to $8.00 and set a “neutral” rating for the company in a research note on Tuesday, November 12th. Mizuho decreased their price target on shares of The Hain Celestial Group from $7.00 to $4.50 and set a “neutral” rating for the company in a research note on Tuesday, February 11th. Finally, JPMorgan Chase & Co. decreased their price target on shares of The Hain Celestial Group from $8.00 to $6.00 and set a “neutral” rating for the company in a research note on Monday, February 3rd.

Institutional Trading of The Hain Celestial Group

Several institutional investors have recently modified their holdings of HAIN. Wealthfront Advisers LLC purchased a new stake in The Hain Celestial Group in the 4th quarter valued at $370,371,000. Invesco Ltd. raised its position in The Hain Celestial Group by 272.4% in the 4th quarter. Invesco Ltd. now owns 5,870,075 shares of the company’s stock valued at $36,101,000 after purchasing an additional 4,293,945 shares during the last quarter. Wellington Management Group LLP purchased a new stake in The Hain Celestial Group in the 4th quarter valued at $14,322,000. Frontier Capital Management Co. LLC raised its position in The Hain Celestial Group by 512.0% in the 4th quarter. Frontier Capital Management Co. LLC now owns 2,520,722 shares of the company’s stock valued at $15,502,000 after purchasing an additional 2,108,845 shares during the last quarter. Finally, Raiffeisen Bank International AG purchased a new stake in The Hain Celestial Group in the 4th quarter valued at $12,619,000. Hedge funds and other institutional investors own 97.01% of the company’s stock.

The Hain Celestial Group Trading Down 0.5 %

Shares of HAIN stock opened at $4.12 on Wednesday. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.00 and a current ratio of 1.90. The stock has a market capitalization of $371.82 million, a P/E ratio of -2.12 and a beta of 0.74. The company has a 50 day moving average price of $5.16 and a 200 day moving average price of $7.01. The Hain Celestial Group has a fifty-two week low of $3.28 and a fifty-two week high of $10.07.

The Hain Celestial Group (NASDAQ:HAIN) last issued its quarterly earnings results on Monday, February 10th. The company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.04). The Hain Celestial Group had a positive return on equity of 2.88% and a negative net margin of 10.51%. Equities research analysts predict that The Hain Celestial Group will post 0.4 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.