Piper Sandler Remains a Hold on Hain Celestial (HAIN)

In a report released today, Michael Lavery from Piper Sandler maintained a Hold rating on Hain Celestial (HAIN – Research Report), with a price target of $8.00. The company’s shares closed yesterday at $6.65.

Lavery covers the Consumer Defensive sector, focusing on stocks such as Celsius Holdings, Mondelez International, and Beyond Meat. According to TipRanks, Lavery has an average return of 7.0% and a 55.29% success rate on recommended stocks.

Hain Celestial has an analyst consensus of Hold, with a price target consensus of $8.50, implying a 27.82% upside from current levels. In a report released yesterday, Barclays also assigned a Hold rating to the stock with a $8.00 price target.

Based on Hain Celestial’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $454.1 million and a GAAP net loss of $13.54 million. In comparison, last year the company earned a revenue of $454.21 million and had a net profit of $10.97 million

Based on the recent corporate insider activity of 27 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of HAIN in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Hain Celestial (HAIN) Company Description:

Hain Celestial Group, Inc. engages in the production and distribution of organic and natural products. It operates through the following geographical segments: United States, United Kingdom, Rest of World, and Corporate and Other. The United States segment comprises of baby, pantry, snack food, fresh, personal care, and tea products. The United Kingdom segment offers frozen and chilled products. The Rest of World segment distributes products in Canada and Europe. The Corporate and Other segment includes expenses related to the firm’s administrative functions. The company was founded by Irwin David Simon on May 19, 1993 and is headquartered in Lake Success, NY.