The Hain Celestial Group (NASDAQ:HAIN) PT Raised to $41.00

The Hain Celestial Group (NASDAQ:HAIN) had its target price raised by analysts at Jefferies Financial Group from $38.00 to $41.00 in a research report issued on Tuesday, The Fly reports. The firm presently has a “hold” rating on the stock. Jefferies Financial Group’s price target would suggest a potential upside of 3.04% from the stock’s current price.

A number of other equities analysts have also recently issued reports on the stock. Zacks Investment Research cut shares of The Hain Celestial Group from a “strong-buy” rating to a “hold” rating and set a $37.00 target price on the stock. in a report on Tuesday, October 27th. Truist upgraded The Hain Celestial Group from a “hold” rating to a “buy” rating and boosted their price objective for the company from $30.00 to $40.00 in a research report on Thursday, September 17th. Maxim Group raised their target price on The Hain Celestial Group from $40.00 to $44.00 and gave the company a “buy” rating in a research note on Wednesday, November 11th. BidaskClub upgraded shares of The Hain Celestial Group from a “hold” rating to a “buy” rating in a research report on Wednesday, December 23rd. Finally, JPMorgan Chase & Co. upgraded shares of The Hain Celestial Group from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $35.00 to $43.00 in a research report on Wednesday, December 16th. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $36.42.

HAIN stock opened at $39.79 on Tuesday. The stock has a 50-day simple moving average of $38.88 and a 200-day simple moving average of $34.96. The Hain Celestial Group has a 1 year low of $18.12 and a 1 year high of $41.11. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.97 and a current ratio of 1.86. The firm has a market cap of $4.00 billion, a P/E ratio of 153.04 and a beta of 0.89.

The Hain Celestial Group (NASDAQ:HAIN) last released its quarterly earnings data on Monday, November 9th. The company reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.08. The Hain Celestial Group had a net margin of 1.31% and a return on equity of 7.27%. The firm had revenue of $498.60 million during the quarter, compared to the consensus estimate of $492.59 million. During the same quarter in the previous year, the company posted $0.08 earnings per share. The firm’s revenue was up 3.4% on a year-over-year basis. On average, equities research analysts predict that The Hain Celestial Group will post 1.25 EPS for the current year.

A number of large investors have recently made changes to their positions in HAIN. Principal Financial Group Inc. raised its stake in shares of The Hain Celestial Group by 2.6% during the 3rd quarter. Principal Financial Group Inc. now owns 247,609 shares of the company’s stock worth $8,493,000 after purchasing an additional 6,282 shares in the last quarter. Engineers Gate Manager LP acquired a new position in shares of The Hain Celestial Group during the 2nd quarter worth about $249,000. AQR Capital Management LLC boosted its stake in The Hain Celestial Group by 180.1% during the 2nd quarter. AQR Capital Management LLC now owns 27,657 shares of the company’s stock valued at $861,000 after purchasing an additional 17,782 shares during the period. Assenagon Asset Management S.A. acquired a new stake in The Hain Celestial Group in the 3rd quarter valued at approximately $4,469,000. Finally, Retirement Systems of Alabama grew its holdings in The Hain Celestial Group by 6.5% in the 3rd quarter. Retirement Systems of Alabama now owns 109,074 shares of the company’s stock valued at $3,741,000 after buying an additional 6,635 shares during the last quarter. 94.58% of the stock is currently owned by hedge funds and other institutional investors.

About The Hain Celestial Group

The Hain Celestial Group, Inc manufactures, markets, and sells organic and natural products in United States, United Kingdom, 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, almond, and coconut; and condiments.

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Analyst Recommendations for The Hain Celestial Group (NASDAQ:HAIN)

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