Brokerages Set The Hain Celestial Group, Inc. (NASDAQ:HAIN) Target Price at $6.56

The Hain Celestial Group, Inc. (NASDAQ:HAIN - Get Free Report) has been assigned an average rating of "Hold" from the eight research firms that are presently covering the stock, MarketBeat reports. Seven research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $6.56.

A number of equities analysts have commented on the stock. Stifel Nicolaus dropped their target price on shares of The Hain Celestial Group from $7.00 to $6.00 and set a "hold" rating on the stock in a research note on Tuesday, February 11th. Piper Sandler decreased their target price on shares of The Hain Celestial Group from $8.00 to $7.00 and set a "neutral" rating for the company in a research report on Thursday, January 16th. Evercore ISI decreased their price target on shares of The Hain Celestial Group from $9.00 to $6.00 and set an "in-line" rating for the company in a report on Wednesday, February 12th. Maxim Group cut their price objective on shares of The Hain Celestial Group from $15.00 to $10.00 and set a "buy" rating on the stock in a research note on Tuesday, February 11th. Finally, Barclays dropped their price target on shares of The Hain Celestial Group from $6.00 to $5.00 and set an "equal weight" rating on the stock in a research report on Tuesday, February 11th.

The Hain Celestial Group Price Performance

Shares of HAIN traded up $0.14 during trading hours on Wednesday, reaching $4.18. 2,477,926 shares of the stock traded hands, compared to its average volume of 1,833,331. The company has a current ratio of 1.90, a quick ratio of 1.00 and a debt-to-equity ratio of 0.90. The Hain Celestial Group has a 52-week low of $3.28 and a 52-week high of $10.07. The company's 50-day moving average price is $5.30 and its two-hundred day moving average price is $7.05. The company has a market cap of $377.25 million, a P/E ratio of -2.15 and a beta of 0.74.

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The Hain Celestial Group (NASDAQ:HAIN - Get Free Report) last announced its quarterly earnings results on Monday, February 10th. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.04). The Hain Celestial Group had a positive return on equity of 2.88% and a negative net margin of 10.51%. On average, analysts anticipate that The Hain Celestial Group will post 0.4 earnings per share for the current year.

Institutional Trading of The Hain Celestial Group

Several institutional investors have recently modified their holdings of HAIN. CWM LLC grew its position in shares of The Hain Celestial Group by 14.5% in the third quarter. CWM LLC now owns 10,098 shares of the company's stock valued at $87,000 after purchasing an additional 1,276 shares during the period. Creative Planning grew its position in shares of The Hain Celestial Group by 3.6% in the third quarter. Creative Planning now owns 36,298 shares of the company's stock valued at $313,000 after purchasing an additional 1,272 shares during the period. Assenagon Asset Management S.A. lifted its stake in shares of The Hain Celestial Group by 2.1% in the third quarter. Assenagon Asset Management S.A. now owns 637,563 shares of the company's stock worth $5,502,000 after buying an additional 13,376 shares in the last quarter. Allworth Financial LP lifted its stake in shares of The Hain Celestial Group by 433.5% in 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. Finally, Trajan Wealth LLC lifted its stake in shares of The Hain Celestial Group by 38.3% in the third quarter. Trajan Wealth LLC now owns 24,360 shares of the company's stock worth $210,000 after buying an additional 6,745 shares in the last quarter. 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.