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

Shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN) have been given a consensus rating of “Hold” by the eight brokerages that are covering the stock, Marketbeat Ratings reports. Seven 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 target price among brokers that have issued ratings on the stock in the last year is $6.44.

HAIN has been the topic of a number of research reports. Evercore ISI lowered their price target on The Hain Celestial Group from $9.00 to $6.00 and set an “in-line” rating on the stock in a report on Wednesday, February 12th. Barclays lowered their target price on shares of The Hain Celestial Group from $6.00 to $5.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 11th. Mizuho cut their price objective on shares of The Hain Celestial Group from $7.00 to $4.50 and set a “neutral” rating on the stock in a report on Tuesday, February 11th. Stifel Nicolaus reduced their target price on The Hain Celestial Group from $7.00 to $6.00 and set a “hold” rating on the stock in a report on Tuesday, February 11th. Finally, Piper Sandler decreased their price objective on shares of 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.

Institutional Investors Weigh In On The Hain Celestial Group

Hedge funds have recently added to or reduced their stakes in the stock. Los Angeles Capital Management LLC acquired a new stake in shares of The Hain Celestial Group in the 3rd quarter worth about $357,000. Entropy Technologies LP grew its position in The Hain Celestial Group by 19.1% in the 3rd quarter. Entropy Technologies LP now owns 18,708 shares of the company’s stock worth $161,000 after purchasing an additional 3,000 shares during the last quarter. Aigen Investment Management LP acquired a new stake in shares of The Hain Celestial Group in the third quarter valued at approximately $167,000. Thrivent Financial for Lutherans raised its holdings in shares of The Hain Celestial Group by 8.7% during the third quarter. Thrivent Financial for Lutherans now owns 81,226 shares of the company’s stock valued at $701,000 after buying an additional 6,470 shares during the last quarter. Finally, Quest Partners LLC boosted its position in shares of The Hain Celestial Group by 387.1% during the third quarter. Quest Partners LLC now owns 212,655 shares of the company’s stock worth $1,835,000 after buying an additional 168,996 shares during the period. 97.01% of the stock is currently owned by institutional investors.

The Hain Celestial Group Stock Performance

Shares of HAIN opened at $3.74 on Friday. The company has a market capitalization of $337.52 million, a price-to-earnings ratio of -1.93 and a beta of 0.83. The company has a quick ratio of 1.00, a current ratio of 1.90 and a debt-to-equity ratio of 0.90. The Hain Celestial Group has a 52-week low of $3.28 and a 52-week high of $9.43. The stock has a 50 day moving average price of $4.41 and a 200 day moving average price of $6.65.

The Hain Celestial Group (NASDAQ:HAIN) last announced its earnings results on Monday, February 10th. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate 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%. Research analysts predict that The Hain Celestial Group will post 0.4 EPS for the current fiscal year.

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.