The Hain Celestial Group, Inc. (NASDAQ:HAIN) Receives $6.44 Consensus Price Target from Analysts

Shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN) have been assigned an average recommendation of “Hold” from the eight ratings firms that are presently covering the stock, MarketBeat reports. Seven research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $6.44.

Several research analysts recently weighed in on the stock. Barclays dropped their target price on shares of The Hain Celestial Group from $6.00 to $5.00 and set an “equal weight” rating for the company in a report on Tuesday, February 11th. Evercore ISI decreased their price target on shares of The Hain Celestial Group from $9.00 to $6.00 and set an “in-line” rating on the stock in a research note on Wednesday, February 12th. Stifel Nicolaus reduced their target price on shares of The Hain Celestial Group from $7.00 to $6.00 and set a “hold” rating on the stock in a report on Tuesday, February 11th. Piper Sandler lowered 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 report on Thursday, January 16th. Finally, JPMorgan Chase & Co. dropped their price target 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.

The Hain Celestial Group Stock Performance

Shares of HAIN opened at $3.92 on Friday. The business has a 50-day simple moving average of $4.47 and a two-hundred day simple moving average of $6.70. The company has a quick ratio of 1.00, a current ratio of 1.90 and a debt-to-equity ratio of 0.90. The Hain Celestial Group has a 52 week low of $3.28 and a 52 week high of $9.43. The stock has a market cap of $353.77 million, a price-to-earnings ratio of -2.02 and a beta of 0.83.

The Hain Celestial Group (NASDAQ:HAIN) last released its earnings results on Monday, February 10th. The company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.04). The Hain Celestial Group had a positive return on equity of 2.88% and a negative net margin of 10.51%. On average, analysts expect that The Hain Celestial Group will post 0.4 EPS for the current year.

Hedge Funds Weigh In On The Hain Celestial Group

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

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.