The Hain Celestial Group, Inc. (NASDAQ:HAIN) Stock Has Average Price Target of $0.90 According to Brokerages

Shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN) have been given a consensus recommendation of “Reduce” by the seven brokerages that are covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a sell rating and four have issued a hold rating on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $0.85.

HAIN has been the topic of a number of research reports. Barclays decreased their price objective on The Hain Celestial Group from $0.30 to $0.10 and set an “underweight” rating on the stock in a report on Tuesday. Weiss Ratings raised shares of The Hain Celestial Group from a “sell (e)” rating to a “sell (e+)” rating in a report on Monday, September 14th. Wall Street Zen downgraded shares of The Hain Celestial Group from a “hold” rating to a “sell” rating in a report on Saturday, September 26th. Finally, Zacks Research lowered shares of The Hain Celestial Group from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 21st.

The Hain Celestial Group Stock Performance

The Hain Celestial Group stock opened at $0.14 on Friday. The stock has a 50-day simple moving average of $0.40 and a 200 day simple moving average of $0.65. The stock has a market capitalization of $13.00 million, a P/E ratio of -0.04 and a beta of 1.04. The Hain Celestial Group has a 52 week low of $0.12 and a 52 week high of $1.48.

The Hain Celestial Group (NASDAQ:HAIN) last released its quarterly earnings data on Monday, November 9th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.04). The Hain Celestial Group had a negative net margin of 23.73% and a negative return on equity of 7.11%. The business had revenue of $260.27 million during the quarter, compared to the consensus estimate of $283.03 million. During the same quarter in the prior year, the company earned ($0.23) EPS. Research analysts forecast that The Hain Celestial Group will post 0.01 earnings per share for the current year.

Institutional Trading of The Hain Celestial Group

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Public Employees Retirement System of Ohio grew its holdings in The Hain Celestial Group by 6.1% during the 1st quarter. Public Employees Retirement System of Ohio now owns 220,200 shares of the company’s stock worth $154,000 after acquiring an additional 12,654 shares during the last quarter. Gabelli Funds LLC grew its stake in shares of The Hain Celestial Group by 126.2% in the first quarter. Gabelli Funds LLC now owns 121,000 shares of the company’s stock worth $84,000 after purchasing an additional 67,500 shares during the last quarter. GatePass Capital LLC grew its stake in shares of The Hain Celestial Group by 37.6% in the first quarter. GatePass Capital LLC now owns 259,700 shares of the company’s stock worth $181,000 after purchasing an additional 71,000 shares during the last quarter. Empowered Funds LLC acquired a new stake in The Hain Celestial Group in the second quarter valued at $42,000. Finally, Rockefeller Capital Management L.P. increased its holdings in The Hain Celestial Group by 26,624.2% in the fourth quarter. Rockefeller Capital Management L.P. now owns 83,914 shares of the company’s stock valued at $90,000 after purchasing an additional 83,600 shares during the period. Institutional investors own 97.01% of the company’s stock.

About The Hain Celestial Group

The Hain Celestial Group, Inc. is a natural and organic products company that develops, markets and distributes food, beverage and personal-care products. Its portfolio includes plant-based foods, snacks, pantry staples, beverages, baby and children’s products, and personal-care items sold through grocery stores, mass retailers, specialty retailers, e-commerce channels and other outlets. The company’s brands have included Celestial Seasonings, Earth’s Best, Terra, Garden of Eatin’, Sensible Portions, Imagine, Alba Botanica, Avalon Organics and JASON.