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

The Hain Celestial Group, Inc. (NASDAQ:HAIN) has been assigned an average recommendation of “Hold” from the seven analysts that are presently covering the firm, Marketbeat.com reports. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $9.43.

HAIN has been the subject of several recent research reports. Piper Sandler reissued a “neutral” rating and set a $8.00 price target on shares of The Hain Celestial Group in a research report on Thursday, September 19th. Stifel Nicolaus raised their price target on The Hain Celestial Group from $8.00 to $9.00 and gave the stock a “hold” rating in a research report on Wednesday, August 28th. DA Davidson dropped their price target on The Hain Celestial Group from $9.00 to $8.00 and set a “neutral” rating for the company in a research report on Tuesday, November 12th. Finally, Barclays dropped their price target on The Hain Celestial Group from $9.00 to $8.00 and set an “equal weight” rating for the company in a research report on Monday, November 11th.

Institutional Investors Weigh In On The Hain Celestial Group

Hedge funds and other institutional investors have recently made changes to their positions in the business. Allworth Financial LP grew its position in The Hain Celestial Group by 433.5% during the third quarter. Allworth Financial LP now owns 2,982 shares of the company’s stock valued at $26,000 after acquiring an additional 2,423 shares during the period. Signaturefd LLC grew its position in The Hain Celestial Group by 125.9% during 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 during the period. nVerses Capital LLC grew its position in 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 acquiring an additional 2,900 shares during the period. Point72 Asia Singapore Pte. Ltd. grew its position in The Hain Celestial Group by 225.5% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 4,954 shares of the company’s stock valued at $43,000 after acquiring an additional 3,432 shares during the period. Finally, CWM LLC grew its position in The Hain Celestial Group by 357.8% during the second quarter. CWM LLC now owns 8,822 shares of the company’s stock valued at $61,000 after acquiring an additional 6,895 shares during the period. Hedge funds and other institutional investors own 97.01% of the company’s stock.

The Hain Celestial Group Stock Performance

Shares of HAIN stock opened at $8.08 on Friday. The stock has a fifty day moving average price of $8.29 and a 200 day moving average price of $7.72. The stock has a market cap of $728.74 million, a PE ratio of -8.60 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 company has a debt-to-equity ratio of 0.76, a quick ratio of 1.05 and a current ratio of 2.01.

The Hain Celestial Group (NASDAQ:HAIN) last released its quarterly earnings results on Thursday, November 7th. The company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.02). The company had revenue of $394.60 million for 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 business’s quarterly revenue was down 7.2% on a year-over-year basis. During the same period in the previous year, the business posted ($0.04) EPS. Sell-side analysts forecast that The Hain Celestial Group will post 0.44 earnings per share for the current fiscal year.

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.