Last Updated: 03 Nov 2024
Executive Summary
The Hain Celestial Group Inc. (HAIN) is a manufacturer and marketer of organic and natural products. The company has a market capitalization of $816.69 million and a trailing twelve-month (TTM) revenue of $1.74 billion. HAIN's stock price is currently trading at $9.09, below its 52-week high of $12.49 and above its 52-week low of $5.68.
Company Overview
Hain Celestial Group, Inc. is headquartered in Lake Success, New York. The company operates through three segments: North America, Europe, and Rest of World. The North America segment is the largest, accounting for approximately 70% of total revenue. The company's products include organic and natural food, beverages, and personal care products.
Fundamental Analysis
Hain Celestial Group's financial performance has been mixed in recent years. The company's revenue has declined in each of the past three fiscal years. In fiscal 2023, the company reported a net loss of $104.6 million, or $1.16 per share. This compares to a net income of $20.6 million, or $0.23 per share, in fiscal 2022.
The company's gross profit margin has also declined in recent years, from 24.8% in fiscal 2022 to 22.8% in fiscal 2023. This decline is due to rising input costs and increased competition.
Hain Celestial Group's balance sheet is relatively strong. The company has $296.3 million in cash and equivalents and $1.04 billion in total debt. The company's debt-to-equity ratio is 0.67, which is below the industry average.
Technical Analysis
Hain Celestial Group's stock price has been in a downtrend since early 2023. The stock price broke below its 200-day moving average in May 2023 and has continued to decline since then. The stock price is currently trading below its 50-day moving average, which is a sign of bearish momentum.
The relative strength index (RSI) is a technical indicator that measures the momentum of a stock's price. The RSI is currently at 35.94, which is below the neutral level of 50. This indicates that the stock is oversold and could be due for a rebound.
Short Term Outlook
The short-term outlook for Hain Celestial Group is mixed. The company's financial performance has been weak in recent years and the stock price is in a downtrend. However, the stock price is currently oversold and could be due for a rebound.
Long Term Outlook
The long-term outlook for Hain Celestial Group is more positive. The company has a strong brand portfolio and a loyal customer base. The company is also well-positioned to benefit from the growing demand for organic and natural products.
Analyst Recommendations
Analysts have a mixed view on Hain Celestial Group. Three analysts have a strong buy rating on the stock, two analysts have a buy rating, and ten analysts have a hold rating. No analysts have a sell or strong sell rating on the stock. The average analyst target price is $10.20.
