The Hain Celestial Group, Inc. (NASDAQ:HAIN) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of The Hain Celestial Group, Inc. (NASDAQ:HAINGet Rating) have earned an average recommendation of “Moderate Buy” from the twelve brokerages that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $34.30.

HAIN has been the topic of several recent research reports. TheStreet downgraded The Hain Celestial Group from a “b” rating to a “c” rating in a report on Thursday, June 2nd. StockNews.com downgraded The Hain Celestial Group from a “hold” rating to a “sell” rating in a report on Thursday. Cowen initiated coverage on The Hain Celestial Group in a report on Monday, May 23rd. They set an “outperform” rating and a $34.00 target price on the stock. Piper Sandler cut their target price on The Hain Celestial Group from $28.00 to $27.00 and set an “overweight” rating on the stock in a report on Friday, August 26th. Finally, Maxim Group cut their target price on The Hain Celestial Group from $50.00 to $42.00 and set a “buy” rating on the stock in a report on Friday, August 26th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in HAIN. Advisor Group Holdings Inc. increased its position in The Hain Celestial Group by 4.5% in the 1st quarter. Advisor Group Holdings Inc. now owns 9,772 shares of the company’s stock valued at $327,000 after buying an additional 425 shares in the last quarter. PNC Financial Services Group Inc. increased its position in The Hain Celestial Group by 5.3% in the 1st quarter. PNC Financial Services Group Inc. now owns 8,763 shares of the company’s stock valued at $303,000 after buying an additional 443 shares in the last quarter. Bank of New Hampshire increased its position in The Hain Celestial Group by 3.4% in the 1st quarter. Bank of New Hampshire now owns 13,680 shares of the company’s stock valued at $471,000 after buying an additional 455 shares in the last quarter. American Trust increased its position in The Hain Celestial Group by 9.3% in the 1st quarter. American Trust now owns 6,136 shares of the company’s stock valued at $211,000 after buying an additional 522 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in The Hain Celestial Group by 2.2% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 24,280 shares of the company’s stock valued at $835,000 after buying an additional 530 shares in the last quarter. 91.00% of the stock is owned by institutional investors and hedge funds.

The Hain Celestial Group Trading Down 2.4 %

Shares of HAIN opened at $18.30 on Friday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.08 and a current ratio of 2.23. The Hain Celestial Group has a 52-week low of $18.15 and a 52-week high of $48.88. The firm has a market cap of $1.63 billion, a price-to-earnings ratio of 22.05 and a beta of 0.70. The business’s fifty day moving average is $22.12 and its 200-day moving average is $26.90.

The Hain Celestial Group (NASDAQ:HAINGet Rating) last released its quarterly earnings data on Thursday, August 25th. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.25). The Hain Celestial Group had a net margin of 4.12% and a return on equity of 7.89%. The firm had revenue of $457.00 million for the quarter, compared to analyst estimates of $461.69 million. During the same period last year, the business earned $0.39 EPS. The company’s revenue was up 1.4% compared to the same quarter last year. Equities analysts anticipate that The Hain Celestial Group will post 0.98 EPS for the current fiscal year.

About The Hain Celestial Group

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The Hain Celestial Group, Inc manufactures, markets, and sells organic and natural products in United States, United Kingdom, 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, almond, and coconut; and condiments.

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Analyst Recommendations for The Hain Celestial Group (NASDAQ:HAIN)

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