The Hain Celestial Group, Inc. (NASDAQ:HAIN) Given Average Recommendation of "Hold" by Analysts

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 been assigned a consensus rating of "Hold" from the eleven research firms that are covering the firm, Marketbeat Ratings reports. Ten research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $3.5889.

A number of brokerages recently weighed in on HAIN. Barclays decreased their price objective on The Hain Celestial Group from $4.00 to $2.00 and set an "equal weight" rating on the stock in a report on Monday, May 12th. Zacks Research raised The Hain Celestial Group from a "strong sell" rating to a "hold" rating in a report on Tuesday, August 19th. Piper Sandler decreased their price objective 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. Finally, Mizuho decreased their price target on The Hain Celestial Group from $3.00 to $2.50 and set a "neutral" rating on the stock in a research note on Monday, July 28th.

Hedge Funds Weigh In On The Hain Celestial Group

Hedge funds have recently made changes to their positions in the business. Signaturefd LLC increased its stake in shares of 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 buying an additional 4,360 shares during the period. Thrivent Financial for Lutherans increased its stake in shares of The Hain Celestial Group by 104.8% during the second quarter. Thrivent Financial for Lutherans now owns 21,500 shares of the company's stock valued at $32,000 after buying an additional 11,000 shares during the period. Rathbones Group PLC purchased a new position in shares of The Hain Celestial Group during the second quarter valued at approximately $39,000. Cim Investment Management Inc. boosted its position in shares of The Hain Celestial Group by 100.7% during the second quarter. Cim Investment Management Inc. now owns 28,793 shares of the company's stock valued at $44,000 after purchasing an additional 14,450 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC boosted its position in shares of The Hain Celestial Group by 45.0% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 30,067 shares of the company's stock valued at $46,000 after purchasing an additional 9,335 shares in the last quarter. 97.01% of the stock is owned by hedge funds and other institutional investors.

The Hain Celestial Group Stock Performance

Shares of NASDAQ HAIN opened at $1.82 on Friday. The stock has a market cap of $164.26 million, a price-to-earnings ratio of -0.63 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. The Hain Celestial Group has a 1-year low of $1.30 and a 1-year high of $9.43. The stock's 50-day moving average is $1.71 and its 200 day moving average is $2.46.

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.

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