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

Shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN) have received an average recommendation of “Reduce” from the seven analysts that are covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating and five have given a hold rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $1.1250.

A number of research analysts recently issued reports on the company. Wall Street Zen upgraded The Hain Celestial Group from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. Barclays downgraded The Hain Celestial Group from an “equal weight” rating to an “underweight” rating and cut their target price for the company from $1.50 to $0.50 in a research note on Monday, March 16th. Weiss Ratings raised The Hain Celestial Group from a “sell (e)” rating to a “sell (e+)” rating in a research note on Wednesday, June 3rd. Stephens cut their target price on The Hain Celestial Group from $2.00 to $1.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 17th. Finally, William Blair downgraded The Hain Celestial Group from an “outperform” rating to a “market perform” rating in a research note on Thursday, April 9th.

Institutional Trading of The Hain Celestial Group

Several hedge funds have recently added to or reduced their stakes in HAIN. Coldstream Capital Management Inc. bought a new stake in The Hain Celestial Group during the 3rd quarter valued at $29,000. Thrivent Financial for Lutherans increased its position in shares of The Hain Celestial Group by 104.8% during the 2nd quarter. Thrivent Financial for Lutherans now owns 21,500 shares of the company’s stock valued at $32,000 after purchasing an additional 11,000 shares during the period. Mariner LLC increased its position in shares of The Hain Celestial Group by 98.0% during the 4th 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. Stifel Financial Corp acquired a new position in shares of The Hain Celestial Group during the 4th quarter valued at $36,000. Finally, Amundi acquired a new position in shares of The Hain Celestial Group during the 4th quarter valued at $37,000. Institutional investors own 97.01% of the company’s stock.

The Hain Celestial Group Price Performance

NASDAQ:HAIN opened at $0.66 on Tuesday. The Hain Celestial Group has a 12-month low of $0.55 and a 12-month high of $2.17. The firm has a market capitalization of $59.29 million, a P/E ratio of -0.11 and a beta of 0.69. The business has a 50 day simple moving average of $0.78 and a 200 day simple moving average of $0.93.

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

The Hain Celestial Group Company Profile

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.