The Hain Celestial Group, Inc. (NASDAQ:HAIN) Receives $3.64 Average Target Price from Analysts

The Hain Celestial Group, Inc. (NASDAQ:HAIN - Get Free Report) has been assigned a consensus recommendation of "Hold" from the ten ratings firms that are covering the firm, 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 12-month price target among brokers that have covered the stock in the last year is $3.64.

A number of analysts recently issued reports on the company. Piper Sandler lowered their price target on The Hain Celestial Group from $2.00 to $1.80 and set a "neutral" rating for the company in a report on Tuesday, June 3rd. CL King restated a "neutral" rating on shares of The Hain Celestial Group in a research note on Thursday, May 8th. Barclays lowered their price objective on shares of The Hain Celestial Group from $4.00 to $2.00 and set an "equal weight" rating for the company in a research note on Monday, May 12th. JPMorgan Chase & Co. cut their target price on shares of 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. Finally, Mizuho reduced their price target on shares of The Hain Celestial Group from $3.50 to $3.00 and set a "neutral" rating for the company in a report on Wednesday, May 28th.

The Hain Celestial Group Trading Down 0.7%

The Hain Celestial Group stock traded down $0.01 during mid-day trading on Tuesday, hitting $1.49. The company's stock had a trading volume of 2,259,849 shares, compared to its average volume of 2,399,435. 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 company has a 50 day moving average of $2.07 and a 200-day moving average of $3.83. The Hain Celestial Group has a one year low of $1.30 and a one year high of $9.43. The stock has a market cap of $134.47 million, a PE ratio of -0.52 and a beta of 0.84.

The Hain Celestial Group (NASDAQ:HAIN - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.05). The Hain Celestial Group had a positive return on equity of 2.47% and a negative net margin of 16.17%. The company had revenue of $390.35 million during the quarter, compared to analysts' expectations of $414.45 million. During the same period in the prior year, the business earned $0.13 EPS. The company's quarterly revenue was down 10.9% on a year-over-year basis. On average, research analysts anticipate that The Hain Celestial Group will post 0.4 EPS for the current year.

Insiders Place Their Bets

In other The Hain Celestial Group news, Director Celeste A. Clark bought 83,000 shares of The Hain Celestial Group stock in a transaction that occurred on Tuesday, May 13th. The stock was purchased at an average price of $1.79 per share, with a total value of $148,570.00. Following the completion of the acquisition, the director now directly owns 83,000 shares in the company, valued at approximately $148,570. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Neil Campbell acquired 25,640 shares of the stock in a transaction on Thursday, May 22nd. The stock was bought at an average price of $1.93 per share, for a total transaction of $49,485.20. Following the transaction, the director now owns 62,929 shares in the company, valued at approximately $121,452.97. This represents a 68.76% increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 308,640 shares of company stock valued at $518,055. 0.83% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of HAIN. Signaturefd LLC boosted 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 worth $28,000 after buying an additional 4,360 shares during the last quarter. Van ECK Associates Corp increased its holdings in The Hain Celestial Group by 49.0% in the fourth quarter. Van ECK Associates Corp now owns 10,805 shares of the company's stock valued at $66,000 after buying an additional 3,554 shares in the last quarter. Virtu Financial LLC purchased a new stake in The Hain Celestial Group during the 4th quarter worth about $73,000. Wedmont Private Capital purchased a new stake in shares of The Hain Celestial Group during the 1st quarter valued at $52,000. Finally, Brooklyn Investment Group boosted its holdings in The Hain Celestial Group by 6,315.1% in the 1st quarter. Brooklyn Investment Group now owns 12,766 shares of the company's stock worth $53,000 after acquiring an additional 12,567 shares during the period. 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.