Analysts Set The Hain Celestial Group, Inc. (NASDAQ:HAIN) PT at $9.43

Shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN - Get Free Report) have been given an average rating of "Hold" by the seven research firms that are currently covering the stock, MarketBeat reports. Six equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $9.43.

Several brokerages have recently weighed in on HAIN. Barclays cut their price objective on shares of The Hain Celestial Group from $9.00 to $8.00 and set an "equal weight" rating on the stock in a report on Monday, November 11th. Piper Sandler reissued a "neutral" rating and set a $8.00 price objective on shares of The Hain Celestial Group in a research note on Thursday, September 19th. Finally, DA Davidson dropped their price objective on The Hain Celestial Group from $9.00 to $8.00 and set a "neutral" rating for the company in a report on Tuesday, November 12th.

The Hain Celestial Group Trading Up 0.5 %

NASDAQ HAIN traded up $0.03 during mid-day trading on Tuesday, reaching $6.15. 2,027,904 shares of the stock were exchanged, compared to its average volume of 1,211,111. The business's fifty day simple moving average is $7.81 and its 200 day simple moving average is $7.69. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.05 and a current ratio of 2.01. The stock has a market capitalization of $554.69 million, a PE ratio of -6.54 and a beta of 0.72. The Hain Celestial Group has a 1-year low of $5.68 and a 1-year high of $11.68.

The Hain Celestial Group (NASDAQ:HAIN - Get Free Report) last announced its quarterly earnings data on Thursday, November 7th. The company reported ($0.04) EPS 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 3.13%. The business had revenue of $394.60 million during the quarter, compared to analysts' expectations of $394.24 million. During the same period in the prior year, the firm earned ($0.04) EPS. The Hain Celestial Group's revenue for the quarter was down 7.2% on a year-over-year basis. On average, research analysts anticipate that The Hain Celestial Group will post 0.44 earnings per share for the current fiscal year.

Institutional Trading of The Hain Celestial Group

Large investors have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp boosted its position in shares of The Hain Celestial Group by 3.3% in the second quarter. Bank of New York Mellon Corp now owns 779,557 shares of the company's stock worth $5,387,000 after buying an additional 25,169 shares during the period. Signaturefd LLC grew its position in The Hain Celestial Group by 125.9% in the second quarter. Signaturefd LLC now owns 3,994 shares of the company's stock valued at $28,000 after acquiring an additional 2,226 shares in the last quarter. nVerses Capital LLC raised its stake in shares of The Hain Celestial Group by 161.1% during the second quarter. nVerses Capital LLC now owns 4,700 shares of the company's stock valued at $32,000 after purchasing an additional 2,900 shares during the period. Choreo LLC acquired a new position in shares of The Hain Celestial Group during the second quarter worth $71,000. Finally, Headlands Technologies LLC boosted its stake in shares of The Hain Celestial Group by 87.9% in the second quarter. Headlands Technologies LLC now owns 38,576 shares of the company's stock valued at $267,000 after purchasing an additional 18,047 shares during the period. 97.01% of the stock is currently owned by institutional investors and hedge funds.

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.