The Hain Celestial Group, Inc. (NASDAQ:HAIN) Receives Average Rating of “Hold” from Brokerages

Shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN) have been assigned a consensus recommendation of “Hold” from the eight brokerages that are currently covering the firm, MarketBeat reports. Six research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $12.70.

A number of equities research analysts have recently issued reports on the stock. Stifel Nicolaus lowered their price target on shares of The Hain Celestial Group from $10.00 to $8.00 and set a “hold” rating on the stock in a report on Friday, April 26th. Barclays cut their price target on shares of The Hain Celestial Group from $11.00 to $8.00 and set an “equal weight” rating for the company in a report on Friday, April 12th. DA Davidson began coverage on shares of The Hain Celestial Group in a report on Friday, March 1st. They issued a “neutral” rating and a $10.00 price target on the stock. Mizuho dropped their price objective on The Hain Celestial Group from $11.00 to $10.00 and set a “neutral” rating for the company in a research note on Wednesday, April 3rd. Finally, Maxim Group decreased their target price on The Hain Celestial Group from $25.00 to $18.00 and set a “buy” rating on the stock in a research note on Thursday, February 8th.

Insiders Place Their Bets

In other The Hain Celestial Group news, CEO Wendy P. Davidson acquired 5,000 shares of the business’s stock in a transaction dated Tuesday, February 13th. The stock was bought at an average price of $9.46 per share, with a total value of $47,300.00. Following the purchase, the chief executive officer now owns 58,309 shares of the company’s stock, valued at $551,603.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.72% of the company’s stock.

Institutional Trading of The Hain Celestial Group

Several hedge funds have recently added to or reduced their stakes in HAIN. Signaturefd LLC lifted its stake in shares of The Hain Celestial Group by 265.2% in the 4th quarter. Signaturefd LLC now owns 4,127 shares of the company’s stock valued at $45,000 after acquiring an additional 2,997 shares during the last quarter. Cary Street Partners Investment Advisory LLC lifted its position in The Hain Celestial Group by 1,647.1% in the third quarter. Cary Street Partners Investment Advisory LLC now owns 4,455 shares of the company’s stock valued at $46,000 after purchasing an additional 4,200 shares during the last quarter. Quadrant Capital Group LLC boosted its stake in shares of The Hain Celestial Group by 204.3% during the fourth quarter. Quadrant Capital Group LLC now owns 8,221 shares of the company’s stock valued at $90,000 after purchasing an additional 5,519 shares during the period. Oak Thistle LLC bought a new position in shares of The Hain Celestial Group in the fourth quarter worth approximately $111,000. Finally, PNC Financial Services Group Inc. grew its holdings in shares of The Hain Celestial Group by 146.4% in the third quarter. PNC Financial Services Group Inc. now owns 11,743 shares of the company’s stock worth $122,000 after purchasing an additional 6,978 shares during the last quarter. 97.01% of the stock is owned by institutional investors.

The Hain Celestial Group Stock Performance

Shares of HAIN stock opened at $6.65 on Thursday. The Hain Celestial Group has a 12 month low of $5.68 and a 12 month high of $16.57. The stock has a market capitalization of $597.38 million, a P/E ratio of -3.76 and a beta of 0.74. The company has a current ratio of 2.24, a quick ratio of 1.14 and a debt-to-equity ratio of 0.81. The firm’s 50 day moving average is $7.45 and its 200 day moving average is $9.55.

The Hain Celestial Group (NASDAQ:HAIN) last announced its quarterly earnings results on Wednesday, February 7th. The company reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.01. The Hain Celestial Group had a positive return on equity of 2.48% and a negative net margin of 8.88%. The company had revenue of $454.10 million during the quarter, compared to analysts’ expectations of $461.31 million. During the same period in the previous year, the business earned $0.20 earnings per share. The firm’s quarterly revenue was up .0% compared to the same quarter last year. On average, sell-side analysts anticipate that The Hain Celestial Group will post 0.29 earnings per share for the current 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.