The Hain Celestial Group, Inc. (NASDAQ:HAIN) Given Consensus Recommendation of “Hold” by Brokerages

Shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN) have received an average recommendation of “Hold” from the eight analysts that are covering the company, MarketBeat reports. Seven research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $6.56.

Several research firms recently weighed in on HAIN. JPMorgan Chase & Co. dropped their price target on The Hain Celestial Group from $8.00 to $6.00 and set a “neutral” rating on the stock in a research report on Monday, February 3rd. DA Davidson lowered their target price on shares of The Hain Celestial Group from $9.00 to $8.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 12th. Evercore ISI dropped their price target on shares of The Hain Celestial Group from $9.00 to $6.00 and set an “in-line” rating on the stock in a research report on Wednesday, February 12th. Stifel Nicolaus cut their price objective on The Hain Celestial Group from $7.00 to $6.00 and set a “hold” rating for the company in a research report on Tuesday, February 11th. Finally, Mizuho reduced their price target on shares of The Hain Celestial Group from $7.00 to $4.50 and set a “neutral” rating for the company in a report on Tuesday, February 11th.

The Hain Celestial Group Stock Performance

NASDAQ:HAIN opened at $4.18 on Wednesday. The company has a 50-day moving average of $5.30 and a 200-day moving average of $7.05. The firm has a market cap of $377.23 million, a price-to-earnings ratio of -2.15 and a beta of 0.74. The company has a current ratio of 1.90, a quick ratio of 1.00 and a debt-to-equity ratio of 0.90. The Hain Celestial Group has a twelve month low of $3.28 and a twelve month high of $10.07.

The Hain Celestial Group (NASDAQ:HAIN) last released its quarterly earnings results on Monday, February 10th. The company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.04). The Hain Celestial Group had a negative net margin of 10.51% and a positive return on equity of 2.88%. Analysts forecast that The Hain Celestial Group will post 0.4 earnings per share for the current fiscal year.

Institutional Investors Weigh In On The Hain Celestial Group

Several large investors have recently made changes to their positions in the company. Creative Planning raised its position in The Hain Celestial Group by 3.6% in the 3rd quarter. Creative Planning now owns 36,298 shares of the company’s stock valued at $313,000 after purchasing an additional 1,272 shares during the last quarter. CWM LLC grew its position in shares of The Hain Celestial Group by 14.5% during the 3rd quarter. CWM LLC now owns 10,098 shares of the company’s stock worth $87,000 after buying an additional 1,276 shares during the period. US Bancorp DE grew its holdings in The Hain Celestial Group by 10.3% during the 3rd quarter. US Bancorp DE now owns 19,518 shares of the company’s stock worth $168,000 after acquiring an additional 1,815 shares during the period. Illinois Municipal Retirement Fund increased its holdings in The Hain Celestial Group by 4.4% in the fourth quarter. Illinois Municipal Retirement Fund now owns 49,113 shares of the company’s stock valued at $302,000 after purchasing an additional 2,091 shares during the last quarter. Finally, FMR LLC increased its stake in shares of The Hain Celestial Group by 14.9% in the 3rd quarter. FMR LLC now owns 17,580 shares of the company’s stock valued at $152,000 after acquiring an additional 2,280 shares during the last quarter. Institutional investors own 97.01% of the company’s stock.

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.