The Hain Celestial Group, Inc. (NASDAQ:HAIN) Given Average Recommendation of "Hold" by Brokerages

The Hain Celestial Group, Inc. (NASDAQ:HAIN - Get Free Report) has earned an average rating of "Hold" from the eight ratings firms that are currently covering the firm, MarketBeat reports. Seven research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $6.44.

HAIN has been the subject of several recent research reports. Piper Sandler decreased their price target 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. Maxim Group decreased their price objective on The Hain Celestial Group from $15.00 to $10.00 and set a "buy" rating for the company in a research note on Tuesday, February 11th. Barclays cut their target price 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 note on Tuesday, February 11th. Stifel Nicolaus decreased their price target on shares of The Hain Celestial Group from $7.00 to $6.00 and set a "hold" rating for the company in a research note on Tuesday, February 11th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of The Hain Celestial Group from $6.00 to $5.00 and set a "neutral" rating on the stock in a research report on Friday, March 14th.

The Hain Celestial Group Trading Down 2.0 %

Shares of The Hain Celestial Group stock traded down $0.08 during trading hours on Friday, hitting $3.84. The company's stock had a trading volume of 1,840,494 shares, compared to its average volume of 1,375,810. The firm has a fifty day moving average of $4.47 and a 200-day moving average of $6.70. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.00 and a current ratio of 1.90. The stock has a market cap of $346.55 million, a price-to-earnings ratio of -1.98 and a beta of 0.83. The Hain Celestial Group has a twelve month low of $3.28 and a twelve month high of $9.43.

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

Hedge Funds Weigh In On The Hain Celestial Group

Large investors have recently bought and sold shares of the stock. Wealthfront Advisers LLC purchased a new position in The Hain Celestial Group during the 4th quarter worth approximately $370,371,000. Barrow Hanley Mewhinney & Strauss LLC boosted its holdings in shares of The Hain Celestial Group by 9.8% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 6,223,817 shares of the company's stock valued at $38,276,000 after acquiring an additional 555,195 shares during the period. Invesco Ltd. grew its position in shares of The Hain Celestial Group by 272.4% during the fourth quarter. Invesco Ltd. now owns 5,870,075 shares of the company's stock worth $36,101,000 after acquiring an additional 4,293,945 shares during the last quarter. State Street Corp increased its holdings in shares of The Hain Celestial Group by 0.4% in the 3rd quarter. State Street Corp now owns 3,464,855 shares of the company's stock valued at $29,902,000 after acquiring an additional 15,494 shares during the period. Finally, Frontier Capital Management Co. LLC raised its position in The Hain Celestial Group by 512.0% in the 4th quarter. Frontier Capital Management Co. LLC now owns 2,520,722 shares of the company's stock valued at $15,502,000 after purchasing an additional 2,108,845 shares during the last quarter. Institutional investors and hedge funds own 97.01% of the company's stock.

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.