The Hain Celestial Group, Inc. (NASDAQ:HAIN) Receives $9.57 Consensus Target Price from Brokerages

Shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN) have been given a consensus rating of “Hold” by the seven ratings firms that are currently covering the company, Marketbeat.com reports. Six research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $9.57.

A number of equities research analysts have recently weighed in on the company. Stifel Nicolaus boosted their target price on The Hain Celestial Group from $8.00 to $9.00 and gave the company a “hold” rating in a research note on Wednesday, August 28th. DA Davidson reissued a “neutral” rating and set a $8.00 price objective on shares of The Hain Celestial Group in a research note on Wednesday, August 28th. Barclays lifted their target price on shares of The Hain Celestial Group from $7.00 to $9.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 29th. Finally, Piper Sandler reissued a “neutral” rating and set a $8.00 price target on shares of The Hain Celestial Group in a research report on Thursday, September 19th.

The Hain Celestial Group Stock Down 2.1 %

HAIN opened at $8.35 on Thursday. The business’s fifty day simple moving average is $8.04 and its 200 day simple moving average is $7.36. The Hain Celestial Group has a 52 week low of $5.68 and a 52 week high of $12.49. The company has a quick ratio of 1.01, a current ratio of 1.98 and a debt-to-equity ratio of 0.78. The stock has a market cap of $750.20 million, a PE ratio of -8.19 and a beta of 0.75.

The Hain Celestial Group (NASDAQ:HAIN) last announced its quarterly earnings data on Tuesday, August 27th. The company reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates 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 company had revenue of $419.00 million for the quarter, compared to analysts’ expectations of $417.99 million. During the same period last year, the firm posted $0.11 EPS. The Hain Celestial Group’s revenue for the quarter was down 6.4% compared to the same quarter last year. As a group, research analysts expect that The Hain Celestial Group will post 0.48 earnings per share for the current fiscal year.

Insider Transactions at The Hain Celestial Group

In related news, insider Chad D. Marquardt purchased 5,300 shares of the firm’s stock in a transaction that occurred on Wednesday, September 4th. The stock was bought at an average cost of $8.32 per share, with a total value of $44,096.00. Following the completion of the purchase, the insider now directly owns 15,300 shares in the company, valued at approximately $127,296. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.72% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Allworth Financial LP lifted its position in The Hain Celestial Group by 433.5% during the 3rd quarter. Allworth Financial LP now owns 2,982 shares of the company’s stock valued at $26,000 after acquiring an additional 2,423 shares during the period. Signaturefd LLC lifted its holdings 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 last quarter. nVerses Capital LLC boosted its position in shares of The Hain Celestial Group by 161.1% in the 2nd quarter. nVerses Capital LLC now owns 4,700 shares of the company’s stock worth $32,000 after purchasing an additional 2,900 shares in the last quarter. CWM LLC grew its stake in shares of The Hain Celestial Group by 357.8% in the 2nd quarter. CWM LLC now owns 8,822 shares of the company’s stock worth $61,000 after buying an additional 6,895 shares during the last quarter. Finally, Choreo LLC bought a new position in The Hain Celestial Group during the 2nd quarter valued at approximately $71,000. Institutional investors 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.