The Hain Celestial Group’s (HAIN) “Neutral” Rating Reiterated at DA Davidson

DA Davidson reaffirmed their neutral rating on shares of The Hain Celestial Group (NASDAQ:HAIN) in a report released on Wednesday, Benzinga reports. DA Davidson currently has a $8.00 price target on the stock.

Other analysts have also issued research reports about the company. Stifel Nicolaus boosted their price target on The Hain Celestial Group from $8.00 to $9.00 and gave the company a hold rating in a research note on Wednesday. Mizuho decreased their price target on The Hain Celestial Group from $10.00 to $8.00 and set a neutral rating on the stock in a research note on Monday, May 13th. Piper Sandler cut their price objective on The Hain Celestial Group from $11.00 to $8.00 and set a neutral rating for the company in a research report on Thursday, May 9th. Maxim Group cut their price objective on The Hain Celestial Group from $18.00 to $15.00 and set a buy rating for the company in a research report on Thursday, May 9th. Finally, Barclays cut their price objective on The Hain Celestial Group from $8.00 to $7.00 and set an equal weight rating for the company in a research report on Friday, May 10th. Seven equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of Hold and a consensus price target of $10.88.

The Hain Celestial Group Price Performance

Shares of NASDAQ:HAIN opened at $8.00 on Wednesday. The Hain Celestial Group has a 1-year low of $5.68 and a 1-year high of $12.49. The firm has a market capitalization of $718.75 million, a PE ratio of -7.84 and a beta of 0.77. The business’s 50 day moving average is $7.16 and its 200-day moving average is $7.49. The company has a current ratio of 2.10, a quick ratio of 1.07 and a debt-to-equity ratio of 0.82.

The Hain Celestial Group (NASDAQ:HAIN) last announced its quarterly earnings results on Tuesday, August 27th. The company reported $0.13 EPS for the quarter, beating the consensus estimate of $0.08 by $0.05. The business had revenue of $419.00 million for the quarter, compared to analyst estimates of $417.99 million. The Hain Celestial Group had a positive return on equity of 2.91% and a negative net margin of 5.14%. The Hain Celestial Group’s quarterly revenue was down 6.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.11 EPS. Sell-side analysts predict that The Hain Celestial Group will post 0.29 earnings per share for the current year.

Institutional Investors Weigh In On The Hain Celestial Group

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Point72 Asset Management L.P. raised its position in shares of The Hain Celestial Group by 45.5% during the second quarter. Point72 Asset Management L.P. now owns 233,420 shares of the company’s stock worth $1,613,000 after acquiring an additional 72,961 shares during the last quarter. Algert Global LLC raised its position in shares of The Hain Celestial Group by 98.1% during the second quarter. Algert Global LLC now owns 328,282 shares of the company’s stock worth $2,268,000 after acquiring an additional 162,546 shares during the last quarter. Mackenzie Financial Corp bought a new stake in The Hain Celestial Group in the second quarter valued at about $139,000. Millennium Management LLC increased its holdings in The Hain Celestial Group by 171.3% in the second quarter. Millennium Management LLC now owns 2,634,718 shares of the company’s stock valued at $18,206,000 after purchasing an additional 1,663,542 shares during the last quarter. Finally, Dark Forest Capital Management LP increased its holdings in The Hain Celestial Group by 133.5% in the second quarter. Dark Forest Capital Management LP now owns 56,762 shares of the company’s stock valued at $392,000 after purchasing an additional 32,451 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.