Stephens Issues Pessimistic Forecast for The Hain Celestial Group (NASDAQ:HAIN) Stock Price

The Hain Celestial Group (NASDAQ:HAIN) had its price objective dropped by stock analysts at Stephens from $2.00 to $1.00 in a report released on Tuesday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Stephens’ price target would suggest a potential upside of 5.54% from the stock’s current price.

A number of other brokerages have also commented on HAIN. Zacks Research upgraded The Hain Celestial Group from a “strong sell” rating to a “hold” rating in a report on Wednesday, February 4th. Wall Street Zen upgraded The Hain Celestial Group from a “sell” rating to a “hold” rating in a research note on Sunday, November 16th. DA Davidson restated a “neutral” rating and set a $1.50 price target on shares of The Hain Celestial Group in a research report on Tuesday, February 3rd. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of The Hain Celestial Group in a report on Friday, January 9th. One equities research analyst has rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $2.53.

The Hain Celestial Group Price Performance

Shares of HAIN stock opened at $0.95 on Tuesday. The firm has a 50-day moving average of $1.13 and a 200-day moving average of $1.35. The Hain Celestial Group has a one year low of $0.82 and a one year high of $4.84. The company has a market cap of $86.21 million, a P/E ratio of -0.16 and a beta of 0.61.

The Hain Celestial Group (NASDAQ:HAIN) last issued its quarterly earnings data on Monday, February 9th. The company reported ($0.03) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.03). The Hain Celestial Group had a negative net margin of 36.12% and a negative return on equity of 1.15%. The business had revenue of $384.12 million during the quarter, compared to the consensus estimate of $383.23 million. As a group, research analysts expect that The Hain Celestial Group will post 0.4 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Carlyn R. Taylor sold 53,957 shares of the business’s stock in a transaction that occurred on Thursday, December 18th. The shares were sold at an average price of $1.17, for a total value of $63,129.69. Following the sale, the director owned 264,203 shares of the company’s stock, valued at $309,117.51. The trade was a 16.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 1.71% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On The Hain Celestial Group

Hedge funds and other institutional investors have recently bought and sold shares of the business. Coldstream Capital Management Inc. bought a new position in The Hain Celestial Group in the 3rd quarter worth about $29,000. Thrivent Financial for Lutherans increased its position in shares of The Hain Celestial Group by 104.8% in the second quarter. Thrivent Financial for Lutherans now owns 21,500 shares of the company’s stock worth $32,000 after purchasing an additional 11,000 shares during the last quarter. Mariner LLC raised its stake in The Hain Celestial Group by 98.0% in the fourth quarter. Mariner LLC now owns 30,098 shares of the company’s stock valued at $32,000 after purchasing an additional 14,895 shares in the last quarter. Stifel Financial Corp bought a new stake in The Hain Celestial Group during the fourth quarter valued at approximately $36,000. Finally, Amundi bought a new stake in The Hain Celestial Group during the fourth quarter valued at approximately $37,000. Institutional investors own 97.01% of the company’s stock.

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.