Brokerages Set The Hain Celestial Group, Inc. (NASDAQ:HAIN) Target Price at $8.71

Shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN) have earned an average recommendation of “Hold” from the seven brokerages that are presently covering the stock, Marketbeat Ratings reports. Six research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $8.71.

HAIN has been the subject of a number of research analyst reports. Barclays decreased their price target on The Hain Celestial Group from $8.00 to $6.00 and set an “equal weight” rating for the company in a research note on Friday, January 17th. DA Davidson lowered their target price on shares of The Hain Celestial Group from $9.00 to $8.00 and set a “neutral” rating for the company in a research note on Tuesday, November 12th. Stifel Nicolaus cut their price target on shares of The Hain Celestial Group from $9.00 to $7.00 and set a “hold” rating on the stock in a research note on Friday. Finally, Piper Sandler lowered their price objective on shares of The Hain Celestial Group from $8.00 to $7.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th.

The Hain Celestial Group Stock Performance

NASDAQ HAIN opened at $5.43 on Friday. The company has a quick ratio of 1.05, a current ratio of 2.01 and a debt-to-equity ratio of 0.76. The business has a 50-day moving average price of $6.68 and a 200-day moving average price of $7.45. The Hain Celestial Group has a twelve month low of $4.47 and a twelve month high of $11.68. The firm has a market cap of $489.73 million, a price-to-earnings ratio of -5.78 and a beta of 0.76.

The Hain Celestial Group (NASDAQ:HAIN) last announced its earnings results on Thursday, November 7th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate 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 for the quarter, compared to analysts’ expectations of $394.24 million. During the same quarter in the prior year, the company posted ($0.04) earnings per share. The firm’s quarterly revenue was down 7.2% compared to the same quarter last year. As a group, equities research analysts predict that The Hain Celestial Group will post 0.43 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. Union Bancaire Privee UBP SA bought a new stake in The Hain Celestial Group in the 4th quarter valued at about $97,000. Inspire Investing LLC grew its position in shares of The Hain Celestial Group by 38.1% in the fourth quarter. Inspire Investing LLC now owns 65,271 shares of the company’s stock valued at $401,000 after purchasing an additional 18,019 shares in the last quarter. First Hawaiian Bank raised its stake in shares of The Hain Celestial Group by 15.0% during the 4th quarter. First Hawaiian Bank now owns 65,504 shares of the company’s stock valued at $403,000 after purchasing an additional 8,546 shares during the period. Central Pacific Bank Trust Division lifted its holdings in The Hain Celestial Group by 14.9% during the 4th quarter. Central Pacific Bank Trust Division now owns 42,512 shares of the company’s stock worth $261,000 after purchasing an additional 5,517 shares in the last quarter. Finally, GAMMA Investing LLC boosted its stake in The Hain Celestial Group by 20.7% in the 4th quarter. GAMMA Investing LLC now owns 30,650 shares of the company’s stock worth $188,000 after purchasing an additional 5,250 shares during the period. Institutional investors 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.