The Hain Celestial Group, Inc. (NASDAQ:HAIN) Receives $9.57 Average PT from Analysts

Shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN - Get Free Report) have been given a consensus rating of "Hold" by the seven brokerages that are presently covering the stock, Marketbeat.com reports. Six research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $9.57.

Several research analysts have recently weighed in on HAIN shares. Barclays upped their price target on shares of 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. Piper Sandler reiterated a "neutral" rating and issued a $8.00 price target on shares of The Hain Celestial Group in a report on Thursday, September 19th. Stifel Nicolaus boosted their price objective on shares of The Hain Celestial Group from $8.00 to $9.00 and gave the stock a "hold" rating in a research report on Wednesday, August 28th. Finally, DA Davidson reissued a "neutral" rating and issued a $8.00 price objective on shares of The Hain Celestial Group in a research report on Wednesday, August 28th.

Insiders Place Their Bets

In other news, insider Chad D. Marquardt purchased 5,300 shares of the company's stock in a transaction on Wednesday, September 4th. The shares were purchased at an average cost of $8.32 per share, with a total value of $44,096.00. Following the completion of the transaction, the insider now owns 15,300 shares of the company's stock, valued at $127,296. The trade was a 0.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.72% of the company's stock.

Hedge Funds Weigh In On The Hain Celestial Group

Several large investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its position in shares of The Hain Celestial Group by 0.8% in the first 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 stake in shares of The Hain Celestial Group by 1.1% in the second 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 stake in shares of The Hain Celestial Group by 1.3% in the second 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 stake in shares of The Hain Celestial Group by 171.3% in the second 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 acquired a new position in shares of The Hain Celestial Group in the first quarter valued at about $11,294,000. 97.01% of the stock is owned by institutional investors.

The Hain Celestial Group Trading Down 0.9 %

NASDAQ HAIN traded down $0.08 during trading on Thursday, reaching $8.65. 671,984 shares of the stock traded hands, compared to its average volume of 1,197,183. The firm has a market cap of $777.15 million, a price-to-earnings ratio of -8.48 and a beta of 0.75. The Hain Celestial Group has a fifty-two week low of $5.68 and a fifty-two 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's 50-day moving average price is $7.87 and its 200 day moving average price is $7.31.

The Hain Celestial Group (NASDAQ:HAIN - Get Free Report) last released its quarterly earnings results on Tuesday, August 27th. The company reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.05. The company had revenue of $419.00 million during the quarter, compared to analysts' expectations of $417.99 million. The Hain Celestial Group had a negative net margin of 4.32% and a positive return on equity of 3.10%. The business's quarterly revenue was down 6.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.11 earnings per share. Analysts predict that The Hain Celestial Group will post 0.48 EPS for the current year.

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.