The Hain Celestial Group, Inc. (NASDAQ:HAIN) Receives Consensus Recommendation of “Reduce” from Analysts

The Hain Celestial Group, Inc. (NASDAQ:HAIN) has been assigned a consensus recommendation of “Reduce” from the twelve brokerages that are presently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $2.7556.

A number of brokerages have issued reports on HAIN. Mizuho reduced their target price on The Hain Celestial Group from $2.50 to $1.50 and set a “neutral” rating on the stock in a report on Tuesday, September 16th. Weiss Ratings reissued a “sell (e+)” rating on shares of The Hain Celestial Group in a research note on Tuesday, October 14th. Zacks Research cut shares of The Hain Celestial Group from a “hold” rating to a “strong sell” rating in a report on Tuesday. Stephens lowered shares of The Hain Celestial Group from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $3.00 to $2.00 in a report on Wednesday, September 17th. Finally, Barclays reduced their price target on shares of The Hain Celestial Group from $2.00 to $1.50 and set an “equal weight” rating on the stock in a research report on Wednesday, September 17th.

Insiders Place Their Bets

In other The Hain Celestial Group news, Director Carlyn R. Taylor sold 53,957 shares of the business’s stock in a transaction dated Thursday, December 18th. The stock was sold at an average price of $1.17, for a total value of $63,129.69. Following the completion of the transaction, the director directly owned 264,203 shares of the company’s stock, valued at approximately $309,117.51. The trade was a 16.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.71% of the company’s stock.

Hedge Funds Weigh In On The Hain Celestial Group

Several institutional investors have recently modified their holdings of the business. Millennium Management LLC boosted its stake in The Hain Celestial Group by 295.4% in the 1st quarter. Millennium Management LLC now owns 4,731,690 shares of the company’s stock worth $19,637,000 after purchasing an additional 3,535,073 shares during the period. Nantahala Capital Management LLC acquired a new stake in shares of The Hain Celestial Group in the 2nd quarter valued at about $4,560,000. Russell Investments Group Ltd. lifted its holdings in shares of The Hain Celestial Group by 7,269.0% in the third quarter. Russell Investments Group Ltd. now owns 1,087,961 shares of the company’s stock valued at $1,719,000 after purchasing an additional 1,073,197 shares in the last quarter. AQR Capital Management LLC boosted its position in shares of The Hain Celestial Group by 151.1% during the first quarter. AQR Capital Management LLC now owns 1,066,048 shares of the company’s stock worth $4,424,000 after buying an additional 641,567 shares during the period. Finally, Vanguard Group Inc. grew its holdings in shares of The Hain Celestial Group by 8.0% during the third quarter. Vanguard Group Inc. now owns 7,029,733 shares of the company’s stock worth $11,107,000 after buying an additional 517,777 shares in the last quarter. Institutional investors own 97.01% of the company’s stock.

The Hain Celestial Group Stock Performance

Shares of The Hain Celestial Group stock opened at $1.18 on Friday. The firm has a fifty day moving average of $1.14 and a two-hundred day moving average of $1.45. The company has a debt-to-equity ratio of 1.59, a quick ratio of 1.06 and a current ratio of 1.89. The stock has a market capitalization of $106.87 million, a price-to-earnings ratio of -0.20 and a beta of 0.59. The Hain Celestial Group has a 52 week low of $1.00 and a 52 week high of $5.66.

The Hain Celestial Group (NASDAQ:HAIN) last announced its quarterly earnings data on Friday, November 7th. The company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.04). The company had revenue of $367.88 million for the quarter, compared to analyst estimates of $361.09 million. The Hain Celestial Group had a positive return on equity of 0.77% and a negative net margin of 34.69%. As a group, equities research analysts predict that The Hain Celestial Group will post 0.4 EPS for the current year.

About The Hain Celestial Group

The Hain Celestial Group, Inc (NASDAQ: HAIN) is a leading global producer and marketer of natural and organic branded products. The company operates through two principal segments—Grocery and Personal Care—offering a diversified portfolio that spans shelf-stable foods, snacks, beverages, condiments and natural personal care items. Its product lineup addresses growing consumer demand for clean-label, plant-based and ethically sourced offerings in everyday categories.

Within its Grocery segment, Hain Celestial markets well-known brands such as Celestial Seasonings teas, Earth’s Best organic baby foods, Rudi’s organic bakery items, Terra vegetable chips and Sensible Portions snacks.