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

Shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN - Get Free Report) have been given a consensus recommendation of "Hold" by the ten analysts that are covering the company, Marketbeat.com reports. Nine investment analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $3.64.

Several equities analysts recently weighed in on the company. Piper Sandler dropped their price objective on The Hain Celestial Group from $2.00 to $1.80 and set a "neutral" rating for the company in a research note on Tuesday. Maxim Group decreased their price objective on The Hain Celestial Group from $10.00 to $5.00 and set a "buy" rating on the stock in a report on Thursday, May 8th. Sanford C. Bernstein cut The Hain Celestial Group from an "outperform" rating to a "market perform" rating and set a $1.50 price objective on the stock. in a report on Thursday, May 8th. CL King restated a "neutral" rating on shares of The Hain Celestial Group in a report on Thursday, May 8th. Finally, 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.

Insider Activity at The Hain Celestial Group

In related news, Director Dawn M. Zier acquired 200,000 shares of The Hain Celestial Group stock in a transaction on Friday, May 9th. The shares were bought at an average price of $1.60 per share, for a total transaction of $320,000.00. Following the completion of the purchase, the director now directly owns 288,229 shares in the company, valued at $461,166.40. This trade represents a 226.68% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Neil Campbell acquired 25,640 shares of The Hain Celestial Group stock in a transaction on Thursday, May 22nd. The shares were bought at an average price of $1.93 per share, for a total transaction of $49,485.20. Following the purchase, the director now owns 62,929 shares of the company's stock, valued at $121,452.97. This represents a 68.76% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders have bought 308,640 shares of company stock worth $518,055. 0.83% of the stock is owned by insiders.

Institutional Investors Weigh In On The Hain Celestial Group

Large investors have recently added to or reduced their stakes in the company. Signaturefd LLC grew its holdings in The Hain Celestial Group by 174.5% during the 1st quarter. Signaturefd LLC now owns 6,858 shares of the company's stock valued at $28,000 after purchasing an additional 4,360 shares in the last quarter. Van ECK Associates Corp lifted its stake in shares of 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 worth $66,000 after acquiring an additional 3,554 shares in the last quarter. Virtu Financial LLC acquired a new position in shares of The Hain Celestial Group in the fourth quarter worth about $73,000. Wedmont Private Capital acquired a new position in shares of The Hain Celestial Group in the first quarter worth about $52,000. Finally, Brooklyn Investment Group lifted its stake in shares of The Hain Celestial Group by 6,315.1% in the first quarter. Brooklyn Investment Group now owns 12,766 shares of the company's stock worth $53,000 after acquiring an additional 12,567 shares in the last quarter. 97.01% of the stock is owned by institutional investors and hedge funds.

The Hain Celestial Group Stock Performance

The Hain Celestial Group stock traded down $0.02 during mid-day trading on Friday, reaching $1.78. 1,527,884 shares of the company were exchanged, compared to its average volume of 1,754,404. The Hain Celestial Group has a twelve month low of $1.30 and a twelve month high of $9.43. The firm's 50-day simple moving average is $2.70 and its two-hundred day simple moving average is $4.56. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.00 and a current ratio of 1.90. The firm has a market cap of $160.65 million, a PE ratio of -0.92 and a beta of 1.05.

The Hain Celestial Group (NASDAQ:HAIN - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $0.07 earnings per share for the quarter, missing analysts' consensus estimates of $0.12 by ($0.05). The Hain Celestial Group had a positive return on equity of 2.88% and a negative net margin of 10.51%. The company had revenue of $390.35 million for the quarter, compared to analyst estimates of $414.45 million. During the same period in the previous year, the business posted $0.13 earnings per share. The firm's revenue was down 10.9% compared to the same quarter last year. Equities 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.