Brokerages Set The Hain Celestial Group, Inc. (NASDAQ:HAIN) PT at $13.00

The Hain Celestial Group, Inc. (NASDAQ:HAIN) has earned a consensus rating of “Hold” from the nine analysts that are currently covering the stock, MarketBeat Ratings reports. Seven analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $13.00.

HAIN has been the topic of several research analyst reports. JPMorgan Chase & Co. reduced their price objective on The Hain Celestial Group from $11.00 to $10.00 and set a “neutral” rating on the stock in a research note on Thursday, February 8th. Maxim Group reduced their price objective on The Hain Celestial Group from $25.00 to $18.00 and set a “buy” rating on the stock in a research note on Thursday, February 8th. DA Davidson initiated coverage on The Hain Celestial Group in a research note on Friday, March 1st. They issued a “neutral” rating and a $10.00 price objective on the stock. Mizuho reduced their price objective on The Hain Celestial Group from $11.00 to $10.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 3rd. Finally, Barclays reduced their price objective on The Hain Celestial Group from $11.00 to $8.00 and set an “equal weight” rating on the stock in a research note on Friday, April 12th.

Insiders Place Their Bets

In other The Hain Celestial Group news, CEO Wendy P. Davidson acquired 5,000 shares of the company’s stock in a transaction on Tuesday, February 13th. The shares were bought at an average cost of $9.46 per share, for a total transaction of $47,300.00. Following the acquisition, the chief executive officer now directly owns 58,309 shares of the company’s stock, valued at $551,603.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.72% of the stock is owned by company insiders.

Institutional Investors Weigh In On The Hain Celestial Group

Several hedge funds and other institutional investors have recently bought and sold shares of HAIN. Counterpoint Mutual Funds LLC increased its holdings in shares of The Hain Celestial Group by 106.1% in the 1st quarter. Counterpoint Mutual Funds LLC now owns 34,137 shares of the company’s stock valued at $268,000 after acquiring an additional 17,574 shares during the last quarter. Yarbrough Capital LLC acquired a new position in The Hain Celestial Group during the 1st quarter valued at approximately $255,000. Stableford Capital II LLC acquired a new position in The Hain Celestial Group during the 1st quarter worth $642,000. PNC Financial Services Group Inc. boosted its position in The Hain Celestial Group by 17.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 13,839 shares of the company’s stock worth $152,000 after acquiring an additional 2,096 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its position in The Hain Celestial Group by 10.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 53,674 shares of the company’s stock worth $588,000 after acquiring an additional 5,065 shares during the period. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

The Hain Celestial Group Trading Down 6.7 %

NASDAQ:HAIN opened at $5.89 on Friday. The stock has a fifty day moving average price of $8.52 and a two-hundred day moving average price of $10.01. The stock has a market capitalization of $529.10 million, a price-to-earnings ratio of -3.33 and a beta of 0.68. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.14 and a current ratio of 2.24. The Hain Celestial Group has a 1 year low of $5.81 and a 1 year high of $18.25.

The Hain Celestial Group (NASDAQ:HAIN) last released its quarterly earnings data on Wednesday, February 7th. The company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.01. The Hain Celestial Group had a positive return on equity of 2.48% and a negative net margin of 8.88%. The firm had revenue of $454.10 million during the quarter, compared to analysts’ expectations of $461.31 million. During the same quarter in the prior year, the business posted $0.20 earnings per share. The Hain Celestial Group’s revenue was up .0% compared to the same quarter last year. As a group, sell-side analysts anticipate that The Hain Celestial Group will post 0.29 earnings per share for the current fiscal year.

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.