The Hain Celestial Group, Inc. (NASDAQ:HAIN) Receives Consensus Recommendation of "Hold" from Analysts

The Hain Celestial Group, Inc. (NASDAQ:HAIN - Get Free Report) has earned a consensus rating of "Hold" from the seven analysts that are presently covering the stock, MarketBeat reports. Six analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $9.43.

HAIN has been the subject of several research analyst reports. Piper Sandler reaffirmed a "neutral" rating and set a $8.00 price target on shares of The Hain Celestial Group in a research note on Thursday, September 19th. 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. DA Davidson cut their price objective on shares of The Hain Celestial Group from $9.00 to $8.00 and set a "neutral" rating on the stock in a report on Tuesday, November 12th. Finally, Stifel Nicolaus lifted their price objective on shares of The Hain Celestial Group from $8.00 to $9.00 and gave the company a "hold" rating in a report on Wednesday, August 28th.

The Hain Celestial Group Stock Performance

Shares of NASDAQ HAIN traded up $0.04 during midday trading on Friday, hitting $8.27. 631,028 shares of the stock traded hands, compared to its average volume of 1,195,785. 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 firm has a market capitalization of $745.87 million, a P/E ratio of -8.80 and a beta of 0.71. The Hain Celestial Group has a one year low of $5.68 and a one year high of $11.68. The firm has a 50-day moving average of $8.33 and a two-hundred day moving average of $7.70.

The Hain Celestial Group (NASDAQ:HAIN - Get Free Report) last issued its quarterly earnings results on Thursday, November 7th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.02). The Hain Celestial Group had a positive return on equity of 3.13% and a negative net margin of 4.94%. The business had revenue of $394.60 million during the quarter, compared to analysts' expectations of $394.24 million. During the same quarter in the previous year, the company posted ($0.04) EPS. The company's quarterly revenue was down 7.2% on a year-over-year basis. On average, equities analysts forecast that The Hain Celestial Group will post 0.46 EPS for the current fiscal year.

Hedge Funds Weigh In On The Hain Celestial Group

Large investors have recently made changes to their positions in the stock. Barrow Hanley Mewhinney & Strauss LLC lifted its holdings in The Hain Celestial Group by 1.1% during the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 5,698,984 shares of the company's stock worth $39,380,000 after buying an additional 62,865 shares in the last quarter. PGGM Investments increased its stake in 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 purchasing an additional 51,912 shares during the period. State Street Corp increased its stake in The Hain Celestial Group by 0.4% in the third quarter. State Street Corp now owns 3,464,855 shares of the company's stock valued at $29,902,000 after purchasing an additional 15,494 shares during the period. Millennium Management LLC increased its stake in 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 purchasing an additional 1,663,542 shares during the period. Finally, Geode Capital Management LLC increased its stake in The Hain Celestial Group by 6.8% in the third quarter. Geode Capital Management LLC now owns 2,229,181 shares of the company's stock valued at $19,241,000 after purchasing an additional 142,097 shares during the period. 97.01% of the stock is currently owned by institutional investors and hedge funds.

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.