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

The Hain Celestial Group, Inc. (NASDAQ:HAIN) has been given a consensus recommendation of “Reduce” by the seven ratings firms that are presently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $1.1250.

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

The Hain Celestial Group Price Performance

Shares of NASDAQ HAIN opened at $0.53 on Friday. The firm has a market cap of $47.87 million, a P/E ratio of -0.09 and a beta of 0.73. The Hain Celestial Group has a twelve month low of $0.53 and a twelve month high of $2.17. The company has a 50 day moving average of $0.70 and a 200 day moving average of $0.86.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Coldstream Capital Management Inc. bought a new position in The Hain Celestial Group during the third quarter valued at approximately $29,000. Thrivent Financial for Lutherans grew its position in The Hain Celestial Group by 104.8% in the 2nd 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 period. Mariner LLC grew its position in The Hain Celestial Group by 98.0% in the 4th quarter. Mariner LLC now owns 30,098 shares of the company’s stock worth $32,000 after purchasing an additional 14,895 shares during the period. Stifel Financial Corp purchased a new stake in The Hain Celestial Group during the 4th quarter valued at $36,000. Finally, Amundi purchased a new stake in The Hain Celestial Group during the 4th quarter valued at $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.