Piper Sandler Reiterates Neutral Rating on Hain Celestial (HAIN)

Piper Sandler analyst Michael S. Lavery reiterated a Neutral rating and $8.00 price target on Hain Celestial (NASDAQ: HAIN).

The analyst commented, "HAIN's F24 top-line momentum was marked by continued challenges in Personal Care and Baby Formula, which will extend into F1H25.
Growth is skewed to F2H25, where it gets a lift from regained infant formula distribution, promotional shift timing, and broader geographic distribution for Greek Gods. It gained distribution at ~13k incremental C-Stores in F4Q24 and ~6.6k grocery stores at a key retailer. It is accelerating simplification initiatives and pulling forward additional restructuring actions from F25, reminding us that HAIN is still in fairly early stages of its turnaround, even if there are promising signs of where it can land by the end. We lower our F25E EBITDA from ~$167M to ~$162M and our F26E EBITDA from ~$170M to ~$164M. We maintain our target of $8 (still ~10x CY25E EBITDA)."

For an analyst ratings summary and ratings history on Hain Celestial click here. For more ratings news on Hain Celestial click here.

Shares of Hain Celestial closed at $8.10 yesterday.

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