The Hain Celestial Group, Inc. (NASDAQ:HAIN) Receives $15.33 Consensus Target Price from Analysts

Shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN) have been assigned an average recommendation of “Hold” from the eight brokerages that are covering the company, MarketBeat Ratings reports. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $15.33.

A number of equities research analysts have recently commented on the company. Mizuho lowered their target price on The Hain Celestial Group from $12.00 to $11.00 and set a “neutral” rating on the stock in a research note on Monday, September 18th. Sanford C. Bernstein lowered their price objective on The Hain Celestial Group from $23.00 to $20.00 in a research note on Monday, October 9th. Barclays lowered their price objective on The Hain Celestial Group from $14.00 to $12.00 and set an “equal weight” rating on the stock in a research note on Friday, September 15th. StockNews.com upgraded The Hain Celestial Group from a “sell” rating to a “hold” rating in a research note on Thursday, November 2nd. Finally, Evercore ISI lowered their price objective on The Hain Celestial Group from $14.00 to $13.00 and set an “in-line” rating on the stock in a research note on Monday, August 28th.

The Hain Celestial Group Price Performance

HAIN opened at $11.09 on Thursday. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.29 and a quick ratio of 1.02. The company has a market capitalization of $994.88 million, a price-to-earnings ratio of -7.39 and a beta of 0.91. The firm’s fifty day moving average price is $10.67 and its two-hundred day moving average price is $11.82. The Hain Celestial Group has a 1 year low of $9.36 and a 1 year high of $22.14.

The Hain Celestial Group (NASDAQ:HAIN) last posted its quarterly earnings data on Tuesday, November 7th. The company reported ($0.04) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.02. The firm had revenue of $425.00 million for the quarter, compared to the consensus estimate of $431.68 million. The Hain Celestial Group had a negative net margin of 7.51% and a positive return on equity of 3.13%. The business’s revenue for the quarter was down 3.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.10 EPS. As a group, analysts anticipate that The Hain Celestial Group will post 0.39 earnings per share for the current fiscal year.

Insider Buying and Selling at The Hain Celestial Group

In related news, Director Carlyn R. Taylor bought 18,175 shares of The Hain Celestial Group stock in a transaction on Monday, November 13th. The stock was acquired at an average price of $11.00 per share, with a total value of $199,925.00. Following the acquisition, the director now directly owns 53,957 shares of the company’s stock, valued at $593,527. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other The Hain Celestial Group news, Director Carlyn R. Taylor acquired 18,175 shares of the business’s stock in a transaction dated Monday, November 13th. The stock was bought at an average price of $11.00 per share, with a total value of $199,925.00. Following the completion of the acquisition, the director now owns 53,957 shares of the company’s stock, valued at $593,527. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Steven R. Golliher acquired 30,000 shares of the business’s stock in a transaction dated Friday, September 15th. The shares were acquired at an average cost of $10.16 per share, with a total value of $304,800.00. Following the acquisition, the insider now directly owns 36,274 shares of the company’s stock, valued at approximately $368,543.84. The disclosure for this purchase can be found here. Insiders purchased 73,175 shares of company stock valued at $768,525 in the last quarter. 0.72% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Tudor Investment Corp Et Al grew its holdings in shares of The Hain Celestial Group by 469.6% during the third quarter. Tudor Investment Corp Et Al now owns 226,081 shares of the company’s stock worth $2,344,000 after purchasing an additional 186,391 shares in the last quarter. Morgan Stanley grew its holdings in shares of The Hain Celestial Group by 173.6% during the third quarter. Morgan Stanley now owns 1,896,326 shares of the company’s stock worth $19,665,000 after purchasing an additional 1,203,224 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of The Hain Celestial Group by 11.9% during the third quarter. The Manufacturers Life Insurance Company now owns 3,752,498 shares of the company’s stock worth $38,913,000 after purchasing an additional 398,441 shares in the last quarter. GSA Capital Partners LLP purchased a new stake in The Hain Celestial Group in the third quarter worth approximately $360,000. Finally, Sei Investments Co. boosted its stake in The Hain Celestial Group by 22.3% in the third quarter. Sei Investments Co. now owns 52,395 shares of the company’s stock worth $543,000 after buying an additional 9,563 shares in the last quarter. Hedge funds and other institutional investors own 89.11% 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.