The Hain Celestial Group, Inc. (NASDAQ:HAIN) Receives $9.43 Consensus Target Price from Analysts

The Hain Celestial Group, Inc. (NASDAQ:HAIN) has been given an average recommendation of “Hold” by the seven analysts that are currently covering the company, Marketbeat Ratings reports. Six 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 analysts that have issued ratings on the stock in the last year is $9.43.

A number of research analysts have issued reports on the company. DA Davidson decreased their target price on 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. Piper Sandler reaffirmed a “neutral” rating and set a $8.00 price target on shares of The Hain Celestial Group in a report on Thursday, September 19th. Finally, Barclays lowered their price objective on shares of 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.

The Hain Celestial Group Stock Performance

NASDAQ HAIN opened at $6.19 on Tuesday. The firm’s 50 day simple moving average is $7.63 and its 200 day simple moving average is $7.66. The firm has a market capitalization of $558.30 million, a price-to-earnings ratio of -6.59 and a beta of 0.76. The company has a current ratio of 2.01, a quick ratio of 1.05 and a debt-to-equity ratio of 0.76. 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) last issued its earnings results on Thursday, November 7th. The company reported ($0.04) earnings per share 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 analyst estimates of $394.24 million. During the same period in the prior year, the business posted ($0.04) EPS. The company’s revenue for the quarter was down 7.2% compared to the same quarter last year. As a group, 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

Several large investors have recently modified their holdings of HAIN. Millennium Management LLC increased its holdings 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. Federated Hermes Inc. grew its position in shares of The Hain Celestial Group by 224.9% in the 2nd quarter. Federated Hermes Inc. now owns 860,471 shares of the company’s stock valued at $5,946,000 after buying an additional 595,649 shares during the last quarter. AQR Capital Management LLC acquired a new stake in shares of The Hain Celestial Group in the second quarter valued at about $3,942,000. Hotchkis & Wiley Capital Management LLC raised its position in shares of The Hain Celestial Group by 54.9% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 1,224,590 shares of the company’s stock worth $10,568,000 after acquiring an additional 434,070 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its position in shares of The Hain Celestial Group by 257.0% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 496,842 shares of the company’s stock worth $4,288,000 after acquiring an additional 357,669 shares during the last quarter. 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.