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

Shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN - Get Free Report) have earned an average recommendation of "Hold" from the ten brokerages that are currently covering the firm, MarketBeat reports. Nine research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $3.64.

Several equities research analysts have issued reports on HAIN shares. 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. JPMorgan Chase & Co. decreased their price target on shares of The Hain Celestial Group from $6.00 to $5.00 and set a "neutral" rating on the stock in a research note on Friday, March 14th. Mizuho decreased their price target on shares of The Hain Celestial Group from $3.50 to $3.00 and set a "neutral" rating on the stock in a research note on Wednesday, May 28th. Piper Sandler decreased their price target on shares of 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. Finally, Barclays decreased their price target on shares of The Hain Celestial Group from $4.00 to $2.00 and set an "equal weight" rating on the stock in a research note on Monday, May 12th.

Insider Activity

In related news, Director Neil Campbell purchased 25,640 shares of the company's stock in a transaction that occurred on Thursday, May 22nd. The stock was acquired at an average price of $1.93 per share, for a total transaction of $49,485.20. Following the completion of the purchase, the director now owns 62,929 shares in the company, valued at approximately $121,452.97. This represents a 68.76% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Dawn M. Zier purchased 200,000 shares of the company's stock in a transaction that occurred on Friday, May 9th. The stock was bought at an average price of $1.60 per share, with a total value of $320,000.00. Following the purchase, the director now owns 288,229 shares of the company's stock, valued at approximately $461,166.40. The trade was a 226.68% increase in their position. The disclosure for this purchase can be found here. Insiders have bought 308,640 shares of company stock worth $518,055 over the last 90 days. Company 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 made changes to their positions in HAIN. Wealthfront Advisers LLC bought a new stake in The Hain Celestial Group during the fourth quarter valued at $370,371,000. Barrow Hanley Mewhinney & Strauss LLC increased its stake in The Hain Celestial Group by 9.8% during the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 6,223,817 shares of the company's stock valued at $38,276,000 after purchasing an additional 555,195 shares during the last quarter. Invesco Ltd. increased its stake in The Hain Celestial Group by 272.4% during the fourth quarter. Invesco Ltd. now owns 5,870,075 shares of the company's stock valued at $36,101,000 after purchasing an additional 4,293,945 shares during the last quarter. Millennium Management LLC increased its stake in The Hain Celestial Group by 295.4% during the first quarter. Millennium Management LLC now owns 4,731,690 shares of the company's stock valued at $19,637,000 after purchasing an additional 3,535,073 shares during the last quarter. Finally, Frontier Capital Management Co. LLC increased its stake in The Hain Celestial Group by 512.0% during the fourth quarter. Frontier Capital Management Co. LLC now owns 2,520,722 shares of the company's stock valued at $15,502,000 after purchasing an additional 2,108,845 shares during the last quarter. Institutional investors own 97.01% of the company's stock.

The Hain Celestial Group Stock Performance

Shares of HAIN opened at $1.62 on Tuesday. The company has a 50-day simple moving average of $2.15 and a 200-day simple moving average of $3.91. The company has a quick ratio of 0.99, a current ratio of 1.81 and a debt-to-equity ratio of 1.01. The company has a market capitalization of $146.21 million, a PE ratio of -0.56 and a beta of 0.84. The Hain Celestial Group has a 52-week low of $1.30 and a 52-week high of $9.43.

The Hain Celestial Group (NASDAQ:HAIN - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $0.07 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.12 by ($0.05). The Hain Celestial Group had a negative net margin of 16.17% and a positive return on equity of 2.47%. The company had revenue of $390.35 million during the quarter, compared to analysts' expectations of $414.45 million. During the same quarter in the prior year, the business earned $0.13 EPS. The business's revenue for the quarter 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 fiscal year.

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.

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