The Hain Celestial Group, Inc. (NASDAQ:HAIN) Given Consensus Recommendation of “Hold” by Brokerages

Shares of The Hain Celestial Group, Inc. (NASDAQ:HAINGet Free Report) have received a consensus recommendation of “Hold” from the eight research firms that are currently covering the firm, Marketbeat reports. Six equities research analysts have rated the stock with a hold rating and two have 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 $15.33.

HAIN has been the subject of a number of research analyst reports. Maxim Group reaffirmed a “buy” rating and issued a $30.00 target price on shares of The Hain Celestial Group in a report on Thursday, September 14th. Evercore ISI reduced their target price on shares of The Hain Celestial Group from $14.00 to $13.00 and set an “in-line” rating on the stock in a report on Monday, August 28th. Sanford C. Bernstein dropped their target price on shares of The Hain Celestial Group from $23.00 to $20.00 in a research report on Monday, October 9th. Barclays lowered their price objective on shares of The Hain Celestial Group from $14.00 to $12.00 and set an “equal weight” rating for the company in a research report on Friday, September 15th. Finally, StockNews.com upgraded shares of The Hain Celestial Group from a “sell” rating to a “hold” rating in a report on Thursday, November 2nd.

View Our Latest Report on The Hain Celestial Group

The Hain Celestial Group Trading Down 3.6 %

HAIN opened at $11.27 on Thursday. The firm has a market capitalization of $1.01 billion, a price-to-earnings ratio of -7.51 and a beta of 0.91. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.29 and a quick ratio of 1.02. The company’s 50 day simple moving average is $10.59 and its two-hundred day simple moving average is $11.99. The Hain Celestial Group has a 1-year low of $9.36 and a 1-year high of $22.14.

The Hain Celestial Group (NASDAQ:HAINGet Free Report) last announced its earnings results on Tuesday, November 7th. The company reported ($0.04) EPS for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.02. The business had revenue of $425.00 million during the quarter, compared to analysts’ expectations of $431.68 million. The Hain Celestial Group had a negative net margin of 7.51% and a positive return on equity of 3.13%. The business’s revenue was down 3.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.10 earnings per share. Analysts expect that The Hain Celestial Group will post 0.4 EPS for the current fiscal year.

Insiders Place Their Bets

In other The Hain Celestial Group news, CEO Wendy P. Davidson purchased 10,000 shares of the business’s stock in a transaction on Friday, September 15th. The shares were purchased at an average cost of $10.00 per share, for a total transaction of $100,000.00. Following the acquisition, the chief executive officer now owns 16,636 shares of the company’s stock, valued at $166,360. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other The Hain Celestial Group news, CEO Wendy P. Davidson purchased 10,000 shares of The Hain Celestial Group stock in a transaction that occurred on Friday, September 15th. The stock was acquired at an average price of $10.00 per share, with a total value of $100,000.00. Following the transaction, the chief executive officer now owns 16,636 shares in the company, valued at approximately $166,360. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Steven R. Golliher acquired 30,000 shares of the company’s stock in a transaction on Friday, September 15th. The shares were bought at an average price of $10.16 per share, for a total transaction of $304,800.00. Following the completion of the purchase, the insider now owns 36,274 shares in the company, valued at approximately $368,543.84. The disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 73,175 shares of company stock valued at $768,525. 0.72% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On The Hain Celestial Group

A number of hedge funds have recently made changes to their positions in HAIN. Nisa Investment Advisors LLC raised its stake in shares of The Hain Celestial Group by 2,379.3% during the 1st quarter. Nisa Investment Advisors LLC now owns 1,438 shares of the company’s stock worth $25,000 after purchasing an additional 1,380 shares during the period. Ameritas Advisory Services LLC bought a new stake in The Hain Celestial Group in the 1st quarter valued at about $27,000. Cary Street Partners Investment Advisory LLC raised its stake in The Hain Celestial Group by 1,647.1% in the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 4,455 shares of the company’s stock valued at $46,000 after acquiring an additional 4,200 shares during the period. Tower Research Capital LLC TRC raised its stake in The Hain Celestial Group by 371.9% in the 1st quarter. Tower Research Capital LLC TRC now owns 2,690 shares of the company’s stock valued at $46,000 after acquiring an additional 2,120 shares during the period. Finally, CWM LLC raised its stake in The Hain Celestial Group by 231.8% in the 3rd quarter. CWM LLC now owns 4,556 shares of the company’s stock valued at $47,000 after acquiring an additional 3,183 shares during the period. 89.11% of the stock is currently owned by institutional investors.

The Hain Celestial Group Company Profile

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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.

See Also

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

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