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

The Hain Celestial Group, Inc. (NASDAQ:HAIN) has earned a consensus rating of “Reduce” from the seven analysts that are covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation and five have issued a hold recommendation on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $1.1250.

HAIN has been the topic of several analyst reports. Wall Street Zen raised shares of The Hain Celestial Group from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. William Blair lowered shares of The Hain Celestial Group from an “outperform” rating to a “market perform” rating in a report on Thursday, April 9th. Stephens cut their price target on shares of The Hain Celestial Group from $2.00 to $1.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 17th. Weiss Ratings raised shares of The Hain Celestial Group from a “sell (e)” rating to a “sell (e+)” rating in a report on Wednesday, June 3rd. Finally, Barclays lowered shares of The Hain Celestial Group from an “equal weight” rating to an “underweight” rating and dropped their price objective for the company from $1.50 to $0.50 in a report on Monday, March 16th.

The Hain Celestial Group Stock Down 9.9%

Shares of HAIN stock opened at $0.66 on Tuesday. The company’s 50 day moving average is $0.78 and its 200 day moving average is $0.93. The Hain Celestial Group has a 52-week low of $0.55 and a 52-week high of $2.17. The firm has a market cap of $59.29 million, a price-to-earnings ratio of -0.11 and a beta of 0.69.

The Hain Celestial Group (NASDAQ:HAIN) last released its quarterly earnings results on Monday, May 11th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.02) by $0.01. The Hain Celestial Group had a negative net margin of 35.47% and a negative return on equity of 3.52%. The business had revenue of $338.36 million for the quarter, compared to analyst estimates of $341.99 million. Analysts anticipate that The Hain Celestial Group will post -0.16 EPS for the current fiscal year.

Institutional Investors Weigh In On The Hain Celestial Group

Large investors have recently made changes to their positions in the stock. Coldstream Capital Management Inc. purchased a new stake in shares of The Hain Celestial Group during the third quarter valued at $29,000. Thrivent Financial for Lutherans grew its holdings in shares of The Hain Celestial Group by 104.8% during the second quarter. Thrivent Financial for Lutherans now owns 21,500 shares of the company’s stock valued at $32,000 after buying an additional 11,000 shares during the last quarter. Voleon Capital Management LP purchased a new stake in shares of The Hain Celestial Group during the third quarter valued at $43,000. Mariner LLC lifted its position in The Hain Celestial Group by 98.0% during 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 during the period. Finally, Stifel Financial Corp acquired a new position in The Hain Celestial Group during the fourth quarter valued at $36,000. 97.01% of the stock is owned by hedge funds and other institutional investors.

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.