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

The Hain Celestial Group, Inc. (NASDAQ:HAIN) has been given an average rating of “Hold” by the eight research firms that are presently covering the firm, MarketBeat Ratings reports. Seven investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $6.44.

A number of analysts recently weighed in on the stock. Maxim Group cut their price target on shares of The Hain Celestial Group from $15.00 to $10.00 and set a “buy” rating on the stock in a research report on Tuesday, February 11th. Evercore ISI cut 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 report on Wednesday, February 12th. Mizuho cut their price target on shares of The Hain Celestial Group from $7.00 to $4.50 and set a “neutral” rating on the stock in a research report on Tuesday, February 11th. Stifel Nicolaus lowered their target price on The Hain Celestial Group from $7.00 to $6.00 and set a “hold” rating for the company in a research note on Tuesday, February 11th. Finally, Barclays lowered their target price on The Hain Celestial Group from $6.00 to $5.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 11th.

The Hain Celestial Group Stock Performance

The Hain Celestial Group stock opened at $3.91 on Friday. The company has a current ratio of 1.90, a quick ratio of 1.00 and a debt-to-equity ratio of 0.90. The Hain Celestial Group has a 1 year low of $3.28 and a 1 year high of $9.43. The company has a market cap of $352.87 million, a PE ratio of -2.02 and a beta of 0.83. The company’s 50-day moving average is $4.39 and its two-hundred day moving average is $6.61.

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

Hedge Funds Weigh In On The Hain Celestial Group

Several hedge funds have recently made changes to their positions in HAIN. Point72 Asia Singapore Pte. Ltd. grew its stake in shares of The Hain Celestial Group by 225.5% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 4,954 shares of the company’s stock worth $43,000 after acquiring an additional 3,432 shares in the last quarter. Van ECK Associates Corp grew its stake in shares of The Hain Celestial Group by 49.0% during the 4th quarter. Van ECK Associates Corp now owns 10,805 shares of the company’s stock worth $66,000 after acquiring an additional 3,554 shares in the last quarter. Virtu Financial LLC bought a new position in shares of The Hain Celestial Group during the 4th quarter worth approximately $73,000. Grace & White Inc. NY bought a new position in shares of The Hain Celestial Group during the 4th quarter worth approximately $86,000. Finally, Polymer Capital Management US LLC bought a new position in shares of The Hain Celestial Group during the 4th quarter worth approximately $90,000. 97.01% of the stock is 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.