The Hain Celestial Group (NASDAQ:HAIN) Stock Rating Reaffirmed by Piper Sandler

Piper Sandler reaffirmed their neutral rating on shares of The Hain Celestial Group (NASDAQ:HAIN) in a research note issued to investors on Thursday, Benzinga reports. Piper Sandler currently has a $8.00 price target on the stock.

Several other research firms also recently weighed in on HAIN. Barclays lifted their target price on shares of The Hain Celestial Group from $7.00 to $9.00 and gave the company an equal weight rating in a report on Thursday, August 29th. Stifel Nicolaus raised their price target on The Hain Celestial Group from $8.00 to $9.00 and gave the stock a hold rating in a research report on Wednesday, August 28th. Finally, DA Davidson reiterated a neutral rating and issued a $8.00 price objective on shares of The Hain Celestial Group in a report on Wednesday, August 28th. Seven analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of Hold and a consensus price target of $10.88.

The Hain Celestial Group Stock Performance

NASDAQ HAIN opened at $7.74 on Thursday. The stock has a fifty day simple moving average of $7.52 and a 200-day simple moving average of $7.31. The company has a current ratio of 1.98, a quick ratio of 1.01 and a debt-to-equity ratio of 0.78. The stock has a market cap of $695.39 million, a PE ratio of -7.59 and a beta of 0.75. The Hain Celestial Group has a twelve month low of $5.68 and a twelve month high of $12.49.

The Hain Celestial Group (NASDAQ:HAIN) last announced its earnings results on Tuesday, August 27th. The company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.05. The Hain Celestial Group had a negative net margin of 4.32% and a positive return on equity of 3.10%. The company had revenue of $419.00 million during the quarter, compared to analyst estimates of $417.99 million. During the same quarter last year, the firm posted $0.11 earnings per share. The Hain Celestial Group’s revenue was down 6.4% compared to the same quarter last year. Equities analysts anticipate that The Hain Celestial Group will post 0.49 earnings per share for the current year.

Insider Buying and Selling at The Hain Celestial Group

In related news, insider Chad D. Marquardt acquired 5,300 shares of the business’s stock in a transaction dated Wednesday, September 4th. The shares were acquired at an average price of $8.32 per share, with a total value of $44,096.00. Following the completion of the transaction, the insider now owns 15,300 shares of the company’s stock, valued at $127,296. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.72% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On The Hain Celestial Group

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. increased its stake in shares of The Hain Celestial Group by 0.8% during the first quarter. Vanguard Group Inc. now owns 10,942,729 shares of the company’s stock worth $86,010,000 after buying an additional 84,689 shares during the period. Barrow Hanley Mewhinney & Strauss LLC increased its position in shares of The Hain Celestial Group by 1.1% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 5,698,984 shares of the company’s stock valued at $39,380,000 after purchasing an additional 62,865 shares during the last quarter. PGGM Investments raised its holdings in shares of The Hain Celestial Group by 1.3% in the 2nd quarter. PGGM Investments now owns 4,183,854 shares of the company’s stock valued at $28,910,000 after purchasing an additional 51,912 shares in the last quarter. Millennium Management LLC lifted its position in shares of The Hain Celestial Group by 171.3% during the 2nd quarter. Millennium Management LLC now owns 2,634,718 shares of the company’s stock worth $18,206,000 after purchasing an additional 1,663,542 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of The Hain Celestial Group by 14.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,863,497 shares of the company’s stock worth $20,405,000 after purchasing an additional 229,144 shares in the last quarter. Hedge funds and other 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.