Analysts Set The Hain Celestial Group, Inc. (NASDAQ:HAIN) PT at $9.57

Shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN - Get Free Report) have earned an average rating of "Hold" from the seven ratings firms that are presently covering the stock, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $9.43.

Several analysts recently issued reports on the company. Piper Sandler reiterated a "neutral" rating and set a $8.00 target price on shares of The Hain Celestial Group in a research report on Thursday, September 19th. Barclays cut their price target on The Hain Celestial Group from $9.00 to $8.00 and set an "equal weight" rating for the company in a report on Monday. Stifel Nicolaus raised their price target on The Hain Celestial Group from $8.00 to $9.00 and gave the company a "hold" rating in a report on Wednesday, August 28th. Finally, DA Davidson restated a "neutral" rating and set a $8.00 price target on shares of The Hain Celestial Group in a report on Wednesday, August 28th.

The Hain Celestial Group Stock Performance

Shares of NASDAQ:HAIN traded down $0.18 during midday trading on Monday, reaching $7.23. 650,778 shares of the company's stock traded hands, compared to its average volume of 1,187,790. The company has a market cap of $649.62 million, a price-to-earnings ratio of -7.88 and a beta of 0.74. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.01 and a current ratio of 2.01. The Hain Celestial Group has a one year low of $5.68 and a one year high of $11.97. The stock has a 50 day moving average of $8.41 and a 200 day moving average of $7.58.

The Hain Celestial Group (NASDAQ:HAIN - Get Free Report) last posted its earnings results on Thursday, November 7th. The company reported ($0.04) earnings per share 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 3.09%. The firm had revenue of $394.60 million during the quarter, compared to the consensus estimate of $394.24 million. During the same period in the prior year, the company posted ($0.04) EPS. The firm's revenue was down 7.2% compared to the same quarter last year. As a group, equities research analysts anticipate that The Hain Celestial Group will post 0.48 EPS for the current fiscal year.

Insider Activity

In other The Hain Celestial Group news, insider Chad D. Marquardt acquired 5,300 shares of the company's stock in a transaction that occurred on Wednesday, September 4th. The stock was bought at an average price of $8.32 per share, for a total transaction of $44,096.00. Following the acquisition, the insider now directly owns 15,300 shares in the company, valued at $127,296. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.83% of the company's stock.

Institutional Investors Weigh In On The Hain Celestial Group

Several hedge funds have recently made changes to their positions in HAIN. Allworth Financial LP raised its position in shares of The Hain Celestial Group by 433.5% in the 3rd quarter. Allworth Financial LP now owns 2,982 shares of the company's stock worth $26,000 after acquiring an additional 2,423 shares in the last quarter. Signaturefd LLC raised its position in shares of The Hain Celestial Group by 125.9% in the 2nd quarter. Signaturefd LLC now owns 3,994 shares of the company's stock worth $28,000 after acquiring an additional 2,226 shares in the last quarter. nVerses Capital LLC raised 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 acquiring an additional 2,900 shares in the last quarter. CWM LLC raised its position 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 acquiring an additional 6,895 shares in the last quarter. Finally, CWA Asset Management Group LLC bought a new position in shares of The Hain Celestial Group in the 3rd quarter worth $87,000. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

The Hain Celestial Group Company Profile

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.