Analysts Set The Hain Celestial Group, Inc. (NASDAQ:HAIN) PT at $5.94

Shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN) have received a consensus rating of “Hold” from the ten research firms that are currently covering the company, MarketBeat reports. Nine equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $4.61.

HAIN has been the subject of a number of research reports. JPMorgan Chase & Co. decreased their target price on shares of The Hain Celestial Group from $6.00 to $5.00 and set a “neutral” rating for the company in a research note on Friday, March 14th. Sanford C. Bernstein cut The Hain Celestial Group from an “outperform” rating to a “market perform” rating and set a $1.50 price objective for the company. in a research report on Thursday. Maxim Group lowered their target price on The Hain Celestial Group from $10.00 to $5.00 and set a “buy” rating on the stock in a report on Thursday. Piper Sandler cut their price target on 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. Finally, Stifel Nicolaus reduced their price target on shares of The Hain Celestial Group from $4.00 to $1.50 and set a “hold” rating for the company in a research report on Thursday.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Wealthfront Advisers LLC bought a new position in shares of The Hain Celestial Group during the 4th quarter valued at approximately $370,371,000. Invesco Ltd. boosted its position in shares of The Hain Celestial Group by 272.4% in the fourth quarter. Invesco Ltd. now owns 5,870,075 shares of the company’s stock worth $36,101,000 after purchasing an additional 4,293,945 shares during the period. Wellington Management Group LLP bought a new position in shares of The Hain Celestial Group in the fourth quarter worth approximately $14,322,000. Frontier Capital Management Co. LLC increased its stake in shares of The Hain Celestial Group by 512.0% in the fourth quarter. Frontier Capital Management Co. LLC now owns 2,520,722 shares of the company’s stock worth $15,502,000 after purchasing an additional 2,108,845 shares in the last quarter. Finally, Raiffeisen Bank International AG bought a new stake in shares of The Hain Celestial Group during the 4th quarter valued at $12,619,000. Institutional investors own 97.01% of the company’s stock.

The Hain Celestial Group Price Performance

Shares of NASDAQ:HAIN opened at $1.59 on Monday. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.00 and a current ratio of 1.90. The firm has a market cap of $143.04 million, a price-to-earnings ratio of -0.82 and a beta of 1.05. The business has a 50-day simple moving average of $3.43 and a two-hundred day simple moving average of $5.28. The Hain Celestial Group has a fifty-two week low of $1.30 and a fifty-two week high of $9.43.

The Hain Celestial Group (NASDAQ:HAIN) last released its quarterly earnings data on Wednesday, May 7th. The company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.05). The company had revenue of $390.35 million for the quarter, compared to analysts’ expectations of $414.45 million. The Hain Celestial Group had a negative net margin of 10.51% and a positive return on equity of 2.88%. The firm’s revenue for the quarter was down 10.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.13 earnings per share. On average, analysts expect that The Hain Celestial Group will post 0.4 earnings per share for the current year.

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.