The Hain Celestial Group (NASDAQ:HAIN) PT Raised to $41.00


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The Hain Celestial Group (NASDAQ:HAIN) had its target price boosted by analysts at Jefferies Financial Group from $38.00 to $41.00 in a research note issued on Tuesday, The Fly reports. The brokerage currently has a “hold” rating on the stock. Jefferies Financial Group’s target price points to a potential upside of 3.04% from the company’s previous close.

A number of other equities research analysts have also commented on the company. JPMorgan Chase & Co. raised The Hain Celestial Group from a “neutral” rating to an “overweight” rating and increased their price target for the company from $35.00 to $43.00 in a research report on Wednesday, December 16th. Maxim Group raised their price target on shares of The Hain Celestial Group from $40.00 to $44.00 and gave the company a “buy” rating in a research report on Wednesday, November 11th. Truist raised shares of The Hain Celestial Group from a “hold” rating to a “buy” rating and upped their price objective for the stock from $30.00 to $40.00 in a research report on Thursday, September 17th. BidaskClub raised shares of The Hain Celestial Group from a “hold” rating to a “buy” rating in a research report on Wednesday, December 23rd. Finally, Zacks Investment Research lowered The Hain Celestial Group from a “strong-buy” rating to a “hold” rating and set a $37.00 target price for the company. in a report on Tuesday, October 27th. Six research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $36.42.

Shares of NASDAQ:HAIN opened at $39.79 on Tuesday. The firm has a market capitalization of $4.00 billion, a price-to-earnings ratio of 153.04 and a beta of 0.89. The stock’s 50 day moving average is $38.88 and its 200-day moving average is $34.96. The company has a quick ratio of 0.97, a current ratio of 1.86 and a debt-to-equity ratio of 0.20. The Hain Celestial Group has a twelve month low of $18.12 and a twelve month high of $41.11.

The Hain Celestial Group (NASDAQ:HAIN) last released its quarterly earnings results on Monday, November 9th. The company reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.08. The business had revenue of $498.60 million during the quarter, compared to the consensus estimate of $492.59 million. The Hain Celestial Group had a return on equity of 7.27% and a net margin of 1.31%. The company’s quarterly revenue was up 3.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.08 EPS. Equities research analysts anticipate that The Hain Celestial Group will post 1.25 earnings per share for the current fiscal year.

Institutional investors have recently made changes to their positions in the company. Scout Investments Inc. bought a new position in shares of The Hain Celestial Group during the 4th quarter valued at $9,836,000. Strs Ohio boosted its position in The Hain Celestial Group by 11.9% during the third quarter. Strs Ohio now owns 42,197 shares of the company’s stock valued at $1,447,000 after buying an additional 4,481 shares during the period. Kathmere Capital Management LLC bought a new position in shares of The Hain Celestial Group during the third quarter valued at about $107,000. Public Employees Retirement System of Ohio increased its holdings in shares of The Hain Celestial Group by 2.9% in the third quarter. Public Employees Retirement System of Ohio now owns 37,398 shares of the company’s stock worth $1,283,000 after buying an additional 1,043 shares during the period. Finally, California State Teachers Retirement System lifted its stake in shares of The Hain Celestial Group by 2.0% in the 3rd quarter. California State Teachers Retirement System now owns 139,542 shares of the company’s stock valued at $4,786,000 after acquiring an additional 2,701 shares during the last quarter. 94.58% of the stock is owned by institutional investors.

About The Hain Celestial Group

The Hain Celestial Group, Inc manufactures, markets, and sells organic and natural products in United States, United Kingdom, 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, almond, and coconut; and condiments.

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Analyst Recommendations for The Hain Celestial Group (NASDAQ:HAIN)

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