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

Shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN) have received a consensus rating of “Hold” from the seven ratings firms that are presently covering the stock, 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 twelve-month price objective among analysts that have issued ratings on the stock in the last year is $9.57.

Several brokerages recently commented on HAIN. Piper Sandler reissued a “neutral” rating and set a $8.00 target price on shares of The Hain Celestial Group in a report on Thursday, September 19th. Stifel Nicolaus upped their price target on The Hain Celestial Group from $8.00 to $9.00 and gave the company a “hold” rating in a report on Wednesday, August 28th. Barclays upped their price target on The Hain Celestial Group from $7.00 to $9.00 and gave the company an “equal weight” rating in a report on Thursday, August 29th. Finally, DA Davidson reaffirmed a “neutral” rating and issued a $8.00 price target on shares of The Hain Celestial Group in a report on Wednesday, August 28th.

Insider Buying and Selling at The Hain Celestial Group

In other news, insider Chad D. Marquardt bought 5,300 shares of the business’s stock in a transaction 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 purchase, the insider now directly owns 15,300 shares in the company, valued at $127,296. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.72% of the stock is owned by corporate insiders.

Institutional Trading of The Hain Celestial Group

Several large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in The Hain Celestial Group by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 10,942,729 shares of the company’s stock valued at $86,010,000 after purchasing an additional 84,689 shares during the period. Barrow Hanley Mewhinney & Strauss LLC grew its holdings in shares of The Hain Celestial Group by 1.1% during the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 5,698,984 shares of the company’s stock valued at $39,380,000 after acquiring an additional 62,865 shares in the last quarter. PGGM Investments grew its holdings in shares of The Hain Celestial Group by 1.3% during the 2nd quarter. PGGM Investments now owns 4,183,854 shares of the company’s stock valued at $28,910,000 after acquiring an additional 51,912 shares in the last quarter. Millennium Management LLC grew its holdings in shares of The Hain Celestial Group by 171.3% during the 2nd quarter. Millennium Management LLC now owns 2,634,718 shares of the company’s stock valued at $18,206,000 after acquiring an additional 1,663,542 shares in the last quarter. Finally, Invenomic Capital Management LP purchased a new position in shares of The Hain Celestial Group during the 1st quarter valued at $11,294,000. 97.01% of the stock is owned by institutional investors and hedge funds.

The Hain Celestial Group Price Performance

Shares of NASDAQ:HAIN opened at $8.73 on Thursday. The Hain Celestial Group has a 12 month low of $5.68 and a 12 month high of $12.49. The stock has a market cap of $784.34 million, a price-to-earnings ratio of -8.56 and a beta of 0.75. The stock’s 50 day moving average price is $7.84 and its 200 day moving average price is $7.30. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.98 and a quick ratio of 1.01.

The Hain Celestial Group (NASDAQ:HAIN) last announced its earnings results on Tuesday, August 27th. The company reported $0.13 EPS for the quarter, topping the consensus estimate of $0.08 by $0.05. The Hain Celestial Group had a positive return on equity of 3.10% and a negative net margin of 4.32%. The firm had revenue of $419.00 million for the quarter, compared to analysts’ expectations of $417.99 million. During the same quarter in the previous year, the company earned $0.11 earnings per share. The firm’s quarterly revenue was down 6.4% compared to the same quarter last year. Equities research analysts anticipate that The Hain Celestial Group will post 0.48 earnings per share 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.