The Hain Celestial Group, Inc. (NASDAQ:HAIN) Given Consensus Recommendation of “Hold” by Brokerages

Shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN) have been assigned a consensus rating of “Hold” from the ten research firms that are covering the company, Marketbeat reports. Nine analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $3.64.

A number of equities research analysts recently weighed in on HAIN shares. JPMorgan Chase & Co. decreased their target price on The Hain Celestial Group from $6.00 to $5.00 and set a “neutral” rating on the stock in a research report on Friday, March 14th. Barclays decreased their target price on The Hain Celestial Group from $4.00 to $2.00 and set an “equal weight” rating on the stock in a research report on Monday, May 12th. Mizuho decreased their target price on The Hain Celestial Group from $3.50 to $3.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 28th. CL King restated a “neutral” rating on shares of The Hain Celestial Group in a research note on Thursday, May 8th. Finally, Piper Sandler cut their price target 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.

The Hain Celestial Group Trading Down 2.3%

Shares of NASDAQ:HAIN opened at $1.68 on Friday. The company has a market cap of $151.63 million, a P/E ratio of -0.87 and a beta of 1.05. The stock’s 50-day moving average is $2.60 and its 200-day moving average is $4.51. The Hain Celestial Group has a 52-week low of $1.30 and a 52-week high of $9.43. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.00 and a current ratio of 1.90.

The Hain Celestial Group (NASDAQ:HAIN) last released its earnings results on Wednesday, May 7th. The company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.05). The Hain Celestial Group had a positive return on equity of 2.88% and a negative net margin of 10.51%. The firm had revenue of $390.35 million for the quarter, compared to analyst estimates of $414.45 million. During the same period last year, the business earned $0.13 earnings per share. The firm’s quarterly revenue was down 10.9% compared to the same quarter last year. Equities research analysts predict that The Hain Celestial Group will post 0.4 earnings per share for the current year.

Insider Activity

In related news, Director Dawn M. Zier purchased 200,000 shares of the stock in a transaction that occurred on Friday, May 9th. The stock was acquired at an average price of $1.60 per share, with a total value of $320,000.00. Following the completion of the acquisition, the director now directly owns 288,229 shares in the company, valued at approximately $461,166.40. This trade represents a 226.68% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Neil Campbell purchased 25,640 shares of the stock in a transaction that occurred on Thursday, May 22nd. The stock was bought at an average cost of $1.93 per share, with a total value of $49,485.20. Following the acquisition, the director now owns 62,929 shares of the company’s stock, valued at $121,452.97. This represents a 68.76% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 308,640 shares of company stock worth $518,055. Insiders own 0.83% of the company’s stock.

Institutional Trading of The Hain Celestial Group

A number of hedge funds and other institutional investors have recently modified their holdings of HAIN. Signaturefd LLC increased its holdings in shares of The Hain Celestial Group by 174.5% in the first quarter. Signaturefd LLC now owns 6,858 shares of the company’s stock valued at $28,000 after purchasing an additional 4,360 shares in the last quarter. Wedmont Private Capital acquired a new stake in shares of The Hain Celestial Group in the first quarter valued at approximately $52,000. Brooklyn Investment Group increased its holdings in shares of The Hain Celestial Group by 6,315.1% in the first quarter. Brooklyn Investment Group now owns 12,766 shares of the company’s stock valued at $53,000 after purchasing an additional 12,567 shares in the last quarter. Byrne Asset Management LLC increased its holdings in shares of The Hain Celestial Group by 240.0% in the first quarter. Byrne Asset Management LLC now owns 13,599 shares of the company’s stock valued at $56,000 after purchasing an additional 9,599 shares in the last quarter. Finally, State of Wyoming acquired a new stake in shares of The Hain Celestial Group in the first quarter valued at approximately $63,000. Institutional investors and hedge funds 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.