The Hain Celestial Group, Inc. (NASDAQ:HAIN) Receives Consensus Rating of “Hold” from Brokerages

Shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN) have been assigned an average recommendation of “Hold” from the ten research firms that are covering the stock, Marketbeat Ratings reports. Nine research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $3.64.

HAIN has been the topic of a number of analyst reports. Evercore ISI lowered their target price on shares of The Hain Celestial Group from $6.00 to $5.00 and set an “in-line” rating on the stock in a report on Wednesday, April 23rd. Barclays reduced their target price on shares of The Hain Celestial Group from $4.00 to $2.00 and set an “equal weight” rating for the company in a research report on Monday, May 12th. Stifel Nicolaus cut their price objective on shares of The Hain Celestial Group from $4.00 to $1.50 and set a “hold” rating for the company in a report on Thursday, May 8th. CL King reaffirmed a “neutral” rating on shares of The Hain Celestial Group in a report on Thursday, May 8th. Finally, Maxim Group cut their price target on shares of The Hain Celestial Group from $10.00 to $5.00 and set a “buy” rating for the company in a report on Thursday, May 8th.

The Hain Celestial Group Stock Performance

Shares of HAIN opened at $1.78 on Friday. The firm’s fifty day simple moving average is $2.70 and its two-hundred day simple moving average is $4.56. The Hain Celestial Group has a 12 month low of $1.30 and a 12 month high of $9.43. The stock has a market capitalization of $160.65 million, a P/E ratio of -0.92 and a beta of 1.05. The company has a current ratio of 1.90, a quick ratio of 1.00 and a debt-to-equity ratio of 0.90.

The Hain Celestial Group (NASDAQ:HAIN) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.05). The Hain Celestial Group had a negative net margin of 10.51% and a positive return on equity of 2.88%. The company had revenue of $390.35 million for the quarter, compared to analyst estimates of $414.45 million. During the same quarter in the prior year, the company posted $0.13 EPS. The Hain Celestial Group’s revenue for the quarter was down 10.9% on a year-over-year basis. As a group, analysts predict that The Hain Celestial Group will post 0.4 EPS for the current year.

Insider Buying and Selling

In related news, Director Neil Campbell acquired 25,640 shares of the stock in a transaction on Thursday, May 22nd. The stock was acquired at an average cost of $1.93 per share, for a total transaction of $49,485.20. Following the completion of the acquisition, the director now directly owns 62,929 shares of the company’s stock, valued at approximately $121,452.97. This represents a 68.76% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Dawn M. Zier bought 200,000 shares of the firm’s stock in a transaction on Friday, May 9th. The shares were acquired at an average cost of $1.60 per share, with a total value of $320,000.00. Following the purchase, the director now directly owns 288,229 shares of the company’s stock, valued at approximately $461,166.40. This represents a 226.68% increase in their position. The disclosure for this purchase can be found here. Insiders have acquired a total of 308,640 shares of company stock worth $518,055 in the last 90 days. 0.83% of the stock is owned by company insiders.

Hedge Funds Weigh In On The Hain Celestial Group

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Illinois Municipal Retirement Fund increased its stake in shares of The Hain Celestial Group by 4.4% during the fourth quarter. Illinois Municipal Retirement Fund now owns 49,113 shares of the company’s stock valued at $302,000 after purchasing an additional 2,091 shares in the last quarter. MetLife Investment Management LLC boosted its stake in shares of The Hain Celestial Group by 6.3% during the 4th quarter. MetLife Investment Management LLC now owns 54,389 shares of the company’s stock worth $334,000 after acquiring an additional 3,215 shares during the last quarter. Van ECK Associates Corp boosted its stake in shares of The Hain Celestial Group by 49.0% during the 4th quarter. Van ECK Associates Corp now owns 10,805 shares of the company’s stock worth $66,000 after acquiring an additional 3,554 shares during the last quarter. Allianz Asset Management GmbH boosted its stake in shares of The Hain Celestial Group by 1.3% during the 1st quarter. Allianz Asset Management GmbH now owns 294,715 shares of the company’s stock worth $1,223,000 after acquiring an additional 3,715 shares during the last quarter. Finally, Franklin Resources Inc. boosted its holdings in The Hain Celestial Group by 7.1% in the 4th quarter. Franklin Resources Inc. now owns 56,239 shares of the company’s stock worth $346,000 after buying an additional 3,732 shares during the period. Institutional investors own 97.01% of the company’s stock.

The Hain Celestial Group Company Profile

The Hain Celestial Group, Inc manufactures, markets, and sells organic and natural products in United States, United Kingdom, Europe, and internationally. It operates through two segments: North America and International. The company offers infant formula; infant, toddler, and kids' food; plant-based beverages and frozen desserts, such as soy, rice, oat, and spelt; and condiments.