Brokerages Set The Hain Celestial Group, Inc. (NASDAQ:HAIN) Price Target at $0.95

Shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN) have earned a consensus rating of “Reduce” from the seven research firms that are presently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $0.9525.

Several research firms recently issued reports on HAIN. Weiss Ratings upgraded shares of The Hain Celestial Group from a “sell (e)” rating to a “sell (e+)” rating in a research report on Monday, September 14th. Jefferies Financial Group reduced their target price on The Hain Celestial Group from $1.03 to $0.81 and set a “hold” rating on the stock in a report on Tuesday, July 7th.

Institutional Trading of The Hain Celestial Group

Large investors have recently bought and sold shares of the business. Empowered Funds LLC acquired a new position in The Hain Celestial Group during the second quarter worth about $42,000. Bank of New York Mellon Corp bought a new stake in shares of The Hain Celestial Group during the 2nd quarter valued at approximately $50,000. Bank of America Corp DE bought a new stake in shares of The Hain Celestial Group during the 2nd quarter valued at approximately $50,000. Hsbc Holdings PLC acquired a new position in The Hain Celestial Group during the 2nd quarter worth approximately $52,000. Finally, Gabelli Funds LLC increased its position in The Hain Celestial Group by 126.2% during the 1st quarter. Gabelli Funds LLC now owns 121,000 shares of the company’s stock worth $84,000 after purchasing an additional 67,500 shares in the last quarter. 97.01% of the stock is owned by institutional investors and hedge funds.

The Hain Celestial Group Stock Down 2.0%

HAIN stock opened at $0.55 on Thursday. The company has a market cap of $50.05 million, a PE ratio of -0.16 and a beta of 0.80. The business has a 50-day simple moving average of $0.61 and a 200 day simple moving average of $0.67. The Hain Celestial Group has a 52 week low of $0.48 and a 52 week high of $1.69.

The Hain Celestial Group (NASDAQ:HAIN) last announced its quarterly earnings data on Monday, September 14th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.02). The firm had revenue of $263.07 million for the quarter, compared to analyst estimates of $261.24 million. The Hain Celestial Group had a negative return on equity of 5.45% and a negative net margin of 22.53%. On average, analysts anticipate that The Hain Celestial Group will post 0.08 EPS for the current fiscal year.

The Hain Celestial Group Company Profile

The Hain Celestial Group, Inc is a consumer packaged goods company focused on better-for-you products, including organic, natural, plant-based and specialty foods, as well as personal-care items. Its products are sold through grocery stores, mass retailers, natural-food retailers, e-commerce channels and other outlets.

The company’s portfolio has included brands such as Earth’s Best, Terra, Garden of Eatin’, Celestial Seasonings, Alba Botanica, Avalon Organics and JASON. Its offerings span snacks, cereals, baby and toddler foods, teas, personal-care products and other grocery categories.