The Hain Celestial Group, Inc. (NASDAQ:HAIN) Receives Average Rating of “Hold” from Analysts

The Hain Celestial Group, Inc. (NASDAQ:HAIN) has been assigned a consensus rating of “Hold” from the eight ratings firms that are presently covering the firm, Marketbeat Ratings reports. Six research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $12.70.

Several brokerages have recently issued reports on HAIN. DA Davidson assumed coverage on shares of The Hain Celestial Group in a research report on Friday, March 1st. They set a “neutral” rating and a $10.00 target price on the stock. Maxim Group dropped their target price on The Hain Celestial Group from $25.00 to $18.00 and set a “buy” rating for the company in a report on Thursday, February 8th. Stifel Nicolaus decreased their price target on The Hain Celestial Group from $10.00 to $8.00 and set a “hold” rating on the stock in a report on Friday, April 26th. Barclays dropped their price objective on shares of The Hain Celestial Group from $11.00 to $8.00 and set an “equal weight” rating for the company in a research note on Friday, April 12th. Finally, JPMorgan Chase & Co. reduced their target price on shares of The Hain Celestial Group from $11.00 to $10.00 and set a “neutral” rating on the stock in a research note on Thursday, February 8th.

Insider Buying and Selling at The Hain Celestial Group

In related news, CEO Wendy P. Davidson bought 5,000 shares of The Hain Celestial Group stock in a transaction dated Tuesday, February 13th. The shares were acquired at an average cost of $9.46 per share, with a total value of $47,300.00. Following the completion of the transaction, the chief executive officer now owns 58,309 shares in the company, valued at approximately $551,603.14. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. 0.72% of the stock is owned by corporate insiders.

Institutional Trading of The Hain Celestial Group

Several institutional investors and hedge funds have recently made changes to their positions in the company. Sequoia Financial Advisors LLC increased its position in The Hain Celestial Group by 8.0% during the 4th quarter. Sequoia Financial Advisors LLC now owns 14,156 shares of the company’s stock valued at $155,000 after purchasing an additional 1,052 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in The Hain Celestial Group by 9.2% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 18,773 shares of the company’s stock valued at $195,000 after buying an additional 1,587 shares during the period. Illinois Municipal Retirement Fund raised its stake in The Hain Celestial Group by 3.3% in the first quarter. Illinois Municipal Retirement Fund now owns 54,172 shares of the company’s stock worth $426,000 after buying an additional 1,710 shares in the last quarter. First Trust Direct Indexing L.P. lifted its holdings in The Hain Celestial Group by 13.0% during the first quarter. First Trust Direct Indexing L.P. now owns 16,404 shares of the company’s stock worth $129,000 after buying an additional 1,885 shares during the period. Finally, Swiss National Bank boosted its position in The Hain Celestial Group by 1.0% during the 3rd quarter. Swiss National Bank now owns 196,614 shares of the company’s stock valued at $2,039,000 after acquiring an additional 1,900 shares in the last quarter. 97.01% of the stock is currently owned by institutional investors.

The Hain Celestial Group Stock Performance

NASDAQ HAIN opened at $6.65 on Thursday. The stock has a market capitalization of $597.38 million, a PE ratio of -3.76 and a beta of 0.74. The Hain Celestial Group has a 1-year low of $5.68 and a 1-year high of $16.57. The business has a 50 day simple moving average of $7.45 and a two-hundred day simple moving average of $9.55. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.24 and a quick ratio of 1.14.

The Hain Celestial Group (NASDAQ:HAIN) last announced its quarterly earnings results on Wednesday, February 7th. The company reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.01. The Hain Celestial Group had a negative net margin of 8.88% and a positive return on equity of 2.48%. The company had revenue of $454.10 million for the quarter, compared to analysts’ expectations of $461.31 million. During the same quarter in the previous year, the business posted $0.20 earnings per share. The Hain Celestial Group’s quarterly revenue was up .0% on a year-over-year basis. On average, research analysts predict that The Hain Celestial Group will post 0.29 EPS for the current fiscal 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.