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

Key Points

• The Hain Celestial Group, Inc. has received a consensus rating of "Hold" from analysts, with ten firms rating it as such and one issuing a buy rating.
• Recent price target adjustments include a decrease by Barclays from $4.00 to $2.00 and by Piper Sandler from $2.00 to $1.80.
• Hedge funds have increased their stakes in The Hain Celestial Group, with over 97% of the stock owned by hedges and institutional investors.

Shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN - Get Free Report) have earned an average recommendation of "Hold" from the eleven brokerages that are covering the company, Marketbeat.com reports. Ten investment analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $3.5889.

HAIN has been the topic of a number of research analyst reports. Piper Sandler reduced their target price on The Hain Celestial Group from $2.00 to $1.80 and set a "neutral" rating on the stock in a report on Tuesday, June 3rd. Mizuho cut their price target on shares of The Hain Celestial Group from $3.00 to $2.50 and set a "neutral" rating on the stock in a report on Monday, July 28th. Finally, Zacks Research upgraded shares of The Hain Celestial Group from a "strong sell" rating to a "hold" rating in a research note on Tuesday, August 19th.

The Hain Celestial Group Trading Up 8.7%

Shares of HAIN traded up $0.17 during mid-day trading on Friday, reaching $2.12. The company had a trading volume of 1,095,358 shares, compared to its average volume of 908,188. The Hain Celestial Group has a fifty-two week low of $1.30 and a fifty-two week high of $9.43. The firm has a fifty day simple moving average of $1.73 and a 200-day simple moving average of $2.41. The stock has a market cap of $191.33 million, a price-to-earnings ratio of -0.73 and a beta of 0.79. The company has a current ratio of 1.81, a quick ratio of 0.99 and a debt-to-equity ratio of 1.01.

Hedge Funds Weigh In On The Hain Celestial Group

Several hedge funds and other institutional investors have recently bought and sold shares of HAIN. Allianz Asset Management GmbH raised its holdings in The Hain Celestial Group by 1.3% during the first quarter. Allianz Asset Management GmbH now owns 294,715 shares of the company's stock worth $1,223,000 after purchasing an additional 3,715 shares in the last quarter. Signaturefd LLC lifted its stake in The Hain Celestial Group by 174.5% during 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 during the last quarter. Ensign Peak Advisors Inc boosted its holdings in The Hain Celestial Group by 8.5% during the fourth quarter. Ensign Peak Advisors Inc now owns 59,208 shares of the company's stock worth $364,000 after buying an additional 4,650 shares in the last quarter. Cerity Partners LLC boosted its holdings in The Hain Celestial Group by 50.8% during the first quarter. Cerity Partners LLC now owns 16,708 shares of the company's stock worth $69,000 after buying an additional 5,625 shares in the last quarter. Finally, Quantinno Capital Management LP grew its position in The Hain Celestial Group by 51.1% in the fourth quarter. Quantinno Capital Management LP now owns 18,949 shares of the company's stock worth $117,000 after buying an additional 6,407 shares during the last quarter. 97.01% of the stock is owned by institutional investors and hedge funds.

About The Hain Celestial Group

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.