Brokerages Set The Hain Celestial Group, Inc. (NASDAQ:HAIN) Price Target at $10.88

Shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN) have been given an average rating of “Hold” by the seven research firms that are currently covering the stock, MarketBeat reports. Six research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $10.88.

Several brokerages recently issued reports on HAIN. Barclays lifted their price objective on The Hain Celestial Group from $7.00 to $9.00 and gave the stock an “equal weight” rating in a report on Thursday, August 29th. 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. 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. Finally, DA Davidson reissued a “neutral” rating and set a $8.00 price target on shares of The Hain Celestial Group in a research report on Wednesday, August 28th.

The Hain Celestial Group Stock Performance

Shares of HAIN stock opened at $8.57 on Friday. The stock has a fifty day moving average price of $7.57 and a 200 day moving average price of $7.27. The stock has a market cap of $769.96 million, a PE ratio of -8.40 and a beta of 0.75. The Hain Celestial Group has a 1 year low of $5.68 and a 1 year high of $12.49. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.01 and a current ratio of 1.98.

The Hain Celestial Group (NASDAQ:HAIN) last issued its quarterly earnings data on Tuesday, August 27th. The company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.05. The firm had revenue of $419.00 million during the quarter, compared to analysts’ expectations of $417.99 million. The Hain Celestial Group had a positive return on equity of 3.10% and a negative net margin of 4.32%. The Hain Celestial Group’s revenue was down 6.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.11 earnings per share. Sell-side analysts forecast that The Hain Celestial Group will post 0.49 earnings per share for the current fiscal year.

Insider Activity

In other The Hain Celestial Group news, insider Chad D. Marquardt acquired 5,300 shares of the stock in a transaction dated Wednesday, September 4th. The stock was acquired at an average price of $8.32 per share, with a total value of $44,096.00. Following the completion of the transaction, the insider now directly owns 15,300 shares in the company, valued at $127,296. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.72% of the company’s stock.

Institutional Investors Weigh In On The Hain Celestial Group

Institutional investors have recently added to or reduced their stakes in the company. 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. 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. Choreo LLC purchased a new stake in The Hain Celestial Group during the second quarter valued at about $71,000. Finally, Evergreen Capital Management LLC acquired a new position in shares of The Hain Celestial Group during the second quarter worth about $72,000. 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.