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

Shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN) have earned an average rating of “Reduce” from the eight analysts that are presently covering the company, MarketBeat reports. Two research analysts have rated the stock with a sell rating and six have given a hold rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $1.26.

HAIN has been the subject of several research analyst reports. Weiss Ratings downgraded shares of The Hain Celestial Group from a “sell (e+)” rating to a “sell (e)” rating in a research note on Wednesday. DA Davidson reissued a “neutral” rating and issued a $1.50 target price on shares of The Hain Celestial Group in a report on Tuesday, February 3rd. Stephens decreased their target price on The Hain Celestial Group from $2.00 to $1.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 17th. William Blair downgraded The Hain Celestial Group from an “outperform” rating to a “market perform” rating in a research note on Thursday, April 9th. Finally, Wall Street Zen raised The Hain Celestial Group from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th.

Institutional Trading of The Hain Celestial Group

Several institutional investors and hedge funds have recently bought and sold shares of the business. Coldstream Capital Management Inc. acquired a new stake in The Hain Celestial Group during the 3rd quarter worth $29,000. Thrivent Financial for Lutherans raised its holdings 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 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 in the third quarter valued at about $43,000. Mariner LLC boosted its stake in shares of The Hain Celestial Group by 98.0% during the fourth quarter. Mariner LLC now owns 30,098 shares of the company’s stock worth $32,000 after buying an additional 14,895 shares during the period. Finally, Stifel Financial Corp acquired a new stake in shares of The Hain Celestial Group during the fourth quarter worth about $36,000. Hedge funds and other institutional investors own 97.01% of the company’s stock.

The Hain Celestial Group Stock Down 3.5%

Shares of The Hain Celestial Group stock opened at $0.73 on Friday. The Hain Celestial Group has a 52 week low of $0.55 and a 52 week high of $2.17. The firm’s 50 day moving average is $0.76 and its two-hundred day moving average is $0.97. The firm has a market capitalization of $66.32 million, a P/E ratio of -0.13 and a beta of 0.61.

The Hain Celestial Group (NASDAQ:HAIN) last issued its quarterly earnings data on Monday, May 11th. The company reported ($0.01) earnings per share 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 during the quarter, compared to the consensus estimate of $341.99 million. As a group, research analysts expect that The Hain Celestial Group will post -0.16 earnings per share for the current fiscal year.

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.