Analysts Set The Hain Celestial Group, Inc. (NASDAQ:HAIN) Price Target at $6.56

The Hain Celestial Group, Inc. (NASDAQ:HAIN) has been given a consensus rating of “Hold” by the eight ratings firms that are currently covering the company, Marketbeat reports. Seven equities research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $6.56.

A number of brokerages recently issued reports on HAIN. Maxim Group cut their target price on The Hain Celestial Group from $15.00 to $10.00 and set a “buy” rating on the stock in a report on Tuesday, February 11th. Barclays cut their target price on The Hain Celestial Group from $6.00 to $5.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 11th. Mizuho dropped their price objective on The Hain Celestial Group from $7.00 to $4.50 and set a “neutral” rating on the stock in a research note on Tuesday, February 11th. Evercore ISI dropped their price objective on 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. Finally, DA Davidson dropped their price objective on The Hain Celestial Group from $9.00 to $8.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 12th.

The Hain Celestial Group Price Performance

Shares of HAIN opened at $4.18 on Wednesday. The Hain Celestial Group has a 12-month low of $3.28 and a 12-month high of $10.07. The business’s fifty day moving average is $5.30 and its 200 day moving average is $7.06. 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 stock has a market cap of $377.25 million, a P/E ratio of -2.15 and a beta of 0.74.

The Hain Celestial Group (NASDAQ:HAIN) last issued its earnings results on Monday, February 10th. The company reported $0.08 earnings per share (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%. Sell-side analysts anticipate that The Hain Celestial Group will post 0.4 earnings per share for the current fiscal year.

Institutional Investors Weigh In On The Hain Celestial Group

A number of hedge funds have recently made changes to their positions in HAIN. CWM LLC raised its stake in shares of The Hain Celestial Group by 14.5% during the 3rd quarter. CWM LLC now owns 10,098 shares of the company’s stock worth $87,000 after purchasing an additional 1,276 shares during the period. Creative Planning increased its holdings in The Hain Celestial Group by 3.6% in the 3rd quarter. Creative Planning now owns 36,298 shares of the company’s stock worth $313,000 after acquiring an additional 1,272 shares during the last quarter. Assenagon Asset Management S.A. lifted its holdings in The Hain Celestial Group by 2.1% during the third quarter. Assenagon Asset Management S.A. now owns 637,563 shares of the company’s stock valued at $5,502,000 after purchasing an additional 13,376 shares during the last quarter. Allworth Financial LP lifted its holdings in The Hain Celestial Group by 433.5% during the third quarter. Allworth Financial LP now owns 2,982 shares of the company’s stock valued at $26,000 after purchasing an additional 2,423 shares during the last quarter. Finally, Trajan Wealth LLC lifted its holdings in The Hain Celestial Group by 38.3% during the third quarter. Trajan Wealth LLC now owns 24,360 shares of the company’s stock valued at $210,000 after purchasing an additional 6,745 shares during the last quarter. 97.01% of the stock is currently owned by institutional investors.

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.