The Hain Celestial Group, Inc. (NASDAQ:HAIN) Receives $9.43 Consensus PT from Analysts

The Hain Celestial Group, Inc. (NASDAQ:HAIN) has earned a consensus recommendation of “Hold” from the seven brokerages that are presently covering the company, Marketbeat Ratings reports. Six analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $9.43.

A number of equities analysts have recently commented on the stock. DA Davidson dropped their price target on shares of The Hain Celestial Group from $9.00 to $8.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 12th. Barclays dropped their target price on shares of The Hain Celestial Group from $9.00 to $8.00 and set an “equal weight” rating on the stock in a report on Monday, November 11th. Finally, Piper Sandler restated a “neutral” rating and set a $8.00 price target on shares of The Hain Celestial Group in a report on Thursday, September 19th.

The Hain Celestial Group Trading Down 9.5 %

Shares of NASDAQ:HAIN opened at $5.60 on Tuesday. The Hain Celestial Group has a 1 year low of $5.57 and a 1 year high of $11.68. The firm has a fifty day moving average price of $7.57 and a 200 day moving average price of $7.65. The company has a current ratio of 2.01, a quick ratio of 1.05 and a debt-to-equity ratio of 0.76. The stock has a market capitalization of $505.09 million, a PE ratio of -5.96 and a beta of 0.76.

The Hain Celestial Group (NASDAQ:HAIN) last issued its quarterly earnings data on Thursday, November 7th. The company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.02). The Hain Celestial Group had a negative net margin of 4.94% and a positive return on equity of 3.13%. The company had revenue of $394.60 million for the quarter, compared to analyst estimates of $394.24 million. During the same period in the prior year, the company posted ($0.04) EPS. The business’s revenue was down 7.2% on a year-over-year basis. Analysts expect that The Hain Celestial Group will post 0.44 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in HAIN. Allworth Financial LP grew its position in The Hain Celestial Group by 433.5% during the third quarter. Allworth Financial LP now owns 2,982 shares of the company’s stock worth $26,000 after buying an additional 2,423 shares in the last quarter. Signaturefd LLC increased its position in shares of The Hain Celestial Group by 125.9% during the second quarter. Signaturefd LLC now owns 3,994 shares of the company’s stock valued at $28,000 after purchasing an additional 2,226 shares during the period. nVerses Capital LLC raised its stake in shares of The Hain Celestial Group by 161.1% in the second quarter. nVerses Capital LLC now owns 4,700 shares of the company’s stock valued at $32,000 after purchasing an additional 2,900 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. lifted its position in The Hain Celestial Group by 225.5% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 4,954 shares of the company’s stock worth $43,000 after purchasing an additional 3,432 shares during the period. Finally, Choreo LLC acquired a new stake in The Hain Celestial Group during the second quarter worth $71,000. Institutional investors and hedge funds own 97.01% of the company’s stock.

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.