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

The Hain Celestial Group, Inc. (NASDAQ:HAIN) has been assigned an average recommendation of “Hold” from the seven research firms that are currently covering the stock, MarketBeat.com reports. Six 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 brokerages that have updated their coverage on the stock in the last year is $9.43.

HAIN has been the topic of a number of analyst reports. Barclays dropped their price target on shares of The Hain Celestial Group from $9.00 to $8.00 and set an “equal weight” rating on the stock in a research note on Monday, November 11th. DA Davidson lowered 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 research report on Tuesday, November 12th. Finally, Piper Sandler reaffirmed a “neutral” rating and issued a $8.00 target price on shares of The Hain Celestial Group in a research report on Thursday, September 19th.

The Hain Celestial Group Stock Performance

The Hain Celestial Group stock opened at $6.00 on Tuesday. 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’s fifty day moving average price is $7.67 and its 200-day moving average price is $7.66. The Hain Celestial Group has a fifty-two week low of $5.68 and a fifty-two week high of $11.68. The stock has a market cap of $541.16 million, a P/E ratio of -6.38 and a beta of 0.72.

The Hain Celestial Group (NASDAQ:HAIN) last issued its earnings results on Thursday, November 7th. The company reported ($0.04) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.02). The firm had revenue of $394.60 million during the quarter, compared to analysts’ expectations of $394.24 million. The Hain Celestial Group had a positive return on equity of 3.13% and a negative net margin of 4.94%. The firm’s quarterly revenue was down 7.2% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.04) earnings per share. On average, equities research analysts expect that The Hain Celestial Group will post 0.44 earnings per share for the current fiscal year.

Hedge Funds Weigh In On The Hain Celestial Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Allworth Financial LP increased its holdings in The Hain Celestial Group by 433.5% in the third quarter. Allworth Financial LP now owns 2,982 shares of the company’s stock valued at $26,000 after buying an additional 2,423 shares in the last quarter. Signaturefd LLC boosted its position in shares of The Hain Celestial Group by 125.9% during the 2nd quarter. Signaturefd LLC now owns 3,994 shares of the company’s stock valued at $28,000 after acquiring an additional 2,226 shares during the last quarter. nVerses Capital LLC increased its holdings in shares of The Hain Celestial Group by 161.1% during the 2nd quarter. nVerses Capital LLC now owns 4,700 shares of the company’s stock worth $32,000 after buying an additional 2,900 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. grew its holdings in shares of The Hain Celestial Group by 225.5% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 4,954 shares of the company’s stock worth $43,000 after purchasing an additional 3,432 shares during the period. Finally, Choreo LLC purchased a new stake in shares of The Hain Celestial Group in the 2nd quarter valued at approximately $71,000. Hedge funds and other institutional investors 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.