The Hain Celestial Group, Inc. (NASDAQ:HAIN) Receives Consensus Recommendation of "Hold" from Analysts

Key Points

• The Hain Celestial Group, Inc. has been given an average rating of "Hold" by ten brokerages, with a 12-month price target of $3.5889.
• Director Neil Campbell recently purchased 25,640 shares of the company's stock, increasing his ownership by 68.76% and bringing his total shares to 62,929.
• In the first quarter, several institutional investors significantly increased their stakes in The Hain Celestial Group, with Brooklyn Investment Group raising its position by 6,315.1%.

Shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN - Get Free Report) have received an average rating of "Hold" from the ten ratings firms that are presently covering the stock, Marketbeat reports. Nine equities research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $3.5889.

A number of research firms recently weighed in on HAIN. Piper Sandler decreased their price target on The Hain Celestial Group from $2.00 to $1.80 and set a "neutral" rating on the stock in a research note on Tuesday, June 3rd. Maxim Group decreased their target price on shares of The Hain Celestial Group from $10.00 to $5.00 and set a "buy" rating on the stock in a research report on Thursday, May 8th. Sanford C. Bernstein cut shares of The Hain Celestial Group from an "outperform" rating to a "market perform" rating and set a $1.50 price target on the stock. in a research note on Thursday, May 8th. Mizuho reduced their price objective 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, Evercore ISI decreased their price objective on shares of The Hain Celestial Group from $6.00 to $5.00 and set an "in-line" rating on the stock in a report on Wednesday, April 23rd.

The Hain Celestial Group Stock Performance

NASDAQ:HAIN traded down $0.01 during mid-day trading on Wednesday, reaching $1.85. The stock had a trading volume of 754,889 shares, compared to its average volume of 2,153,958. 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 business has a 50 day simple moving average of $1.66 and a 200 day simple moving average of $2.78. The Hain Celestial Group has a twelve month low of $1.30 and a twelve month high of $9.43. The firm has a market capitalization of $166.96 million, a price-to-earnings ratio of -0.64 and a beta of 0.76.

Insider Buying and Selling

In other The Hain Celestial Group news, Director Neil Campbell bought 25,640 shares of the company's stock in a transaction on Thursday, May 22nd. The stock was purchased at an average cost of $1.93 per share, for a total transaction of $49,485.20. Following the acquisition, the director owned 62,929 shares of the company's stock, valued at $121,452.97. The trade was a 68.76% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.83% of the company's stock.

Institutional Trading of The Hain Celestial Group

Large investors have recently modified their holdings of the business. Tidal Investments LLC acquired a new position in shares of The Hain Celestial Group during the 2nd quarter worth approximately $179,000. Oxford Asset Management LLP purchased a new position in The Hain Celestial Group during the second quarter worth $104,000. Man Group plc acquired a new position in shares of The Hain Celestial Group in the second quarter worth $456,000. Engineers Gate Manager LP raised its holdings in shares of The Hain Celestial Group by 25.0% in the second quarter. Engineers Gate Manager LP now owns 420,012 shares of the company's stock worth $638,000 after acquiring an additional 83,939 shares during the last quarter. Finally, BNP Paribas Financial Markets lifted its position in shares of The Hain Celestial Group by 28.7% in the second quarter. BNP Paribas Financial Markets now owns 230,490 shares of the company's stock valued at $350,000 after acquiring an additional 51,388 shares in the last quarter. 97.01% of the stock is currently owned by institutional investors and hedge funds.

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.