Brokerages Set The Hain Celestial Group, Inc. (NASDAQ:HAIN) Target Price at $3.59

The Hain Celestial Group, Inc. (NASDAQ:HAIN) has earned a consensus recommendation of “Hold” from the eleven analysts that are presently covering the firm, MarketBeat reports. Ten research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $3.5889.

Several equities analysts recently weighed in on the stock. Zacks Research raised shares of The Hain Celestial Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 19th. Mizuho cut their target price on shares of The Hain Celestial Group from $3.00 to $2.50 and set a “neutral” rating for the company in a research note on Monday, July 28th. Finally, Piper Sandler cut their target price on shares of The Hain Celestial Group from $2.00 to $1.80 and set a “neutral” rating for the company in a research note on Tuesday, June 3rd.

Hedge Funds Weigh In On The Hain Celestial Group

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Barrow Hanley Mewhinney & Strauss LLC grew its stake in shares of The Hain Celestial Group by 9.8% in the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 6,223,817 shares of the company’s stock worth $38,276,000 after buying an additional 555,195 shares in the last quarter. Millennium Management LLC grew its stake in shares of The Hain Celestial Group by 295.4% in the 1st quarter. Millennium Management LLC now owns 4,731,690 shares of the company’s stock worth $19,637,000 after buying an additional 3,535,073 shares in the last quarter. Nantahala Capital Management LLC purchased a new position in shares of The Hain Celestial Group during the 2nd quarter worth about $4,560,000. Wellington Management Group LLP boosted its stake in shares of The Hain Celestial Group by 5.6% during the 1st quarter. Wellington Management Group LLP now owns 2,459,465 shares of the company’s stock worth $10,207,000 after purchasing an additional 130,642 shares during the period. Finally, Invenomic Capital Management LP boosted its stake in shares of The Hain Celestial Group by 7.7% during the 1st quarter. Invenomic Capital Management LP now owns 2,174,523 shares of the company’s stock worth $9,024,000 after purchasing an additional 155,534 shares during the period. 97.01% of the stock is owned by hedge funds and other institutional investors.

The Hain Celestial Group Stock Performance

HAIN opened at $1.91 on Friday. The stock has a market capitalization of $172.38 million, a price-to-earnings ratio of -0.66 and a beta of 0.79. The company has a fifty day moving average of $1.72 and a 200 day moving average of $2.42. The Hain Celestial Group has a fifty-two week low of $1.30 and a fifty-two week high of $9.43. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.99 and a current ratio of 1.81.

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.