Analysts Set The Hain Celestial Group, Inc. (NASDAQ:HAIN) Target Price at $1.26

Shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN) have been assigned a consensus recommendation of “Reduce” from the eight brokerages that are covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating and six have issued a hold rating on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $1.26.

Several brokerages have commented on HAIN. DA Davidson reiterated a “neutral” rating and set a $1.50 target price on shares of The Hain Celestial Group in a research note on Tuesday, February 3rd. Stephens cut their target price on The Hain Celestial Group from $2.00 to $1.00 and set an “equal weight” rating on the stock in a research note 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. Zacks Research raised The Hain Celestial Group from a “strong sell” rating to a “hold” rating in a report on Wednesday, February 4th. Finally, Wall Street Zen raised The Hain Celestial Group from a “sell” rating to a “hold” rating in a report on Saturday.

The Hain Celestial Group Trading Up 1.6%

Shares of HAIN opened at $0.75 on Friday. The business’s fifty day simple moving average is $0.75 and its two-hundred day simple moving average is $0.97. The Hain Celestial Group has a 12 month low of $0.55 and a 12 month high of $2.22. The company has a market cap of $67.99 million, a price-to-earnings ratio of -0.13 and a beta of 0.61.

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 Hain Celestial Group had a negative return on equity of 3.52% and a negative net margin of 35.47%.The business had revenue of $338.36 million for the quarter, compared to the consensus estimate of $341.99 million. As a group, research analysts forecast that The Hain Celestial Group will post -0.16 EPS for the current year.

Hedge Funds Weigh In On The Hain Celestial Group

Hedge funds and other institutional investors have recently modified their holdings of the company. Coldstream Capital Management Inc. bought a new position in shares of The Hain Celestial Group during the 3rd quarter valued at $29,000. Thrivent Financial for Lutherans lifted its holdings in shares of The Hain Celestial Group by 104.8% during the 2nd 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 period. Voleon Capital Management LP bought a new position in shares of The Hain Celestial Group during the 3rd quarter valued at $43,000. Mariner LLC lifted its holdings in shares of The Hain Celestial Group by 98.0% during the 4th quarter. Mariner LLC now owns 30,098 shares of the company’s stock valued at $32,000 after buying an additional 14,895 shares during the period. Finally, Stifel Financial Corp bought a new position in shares of The Hain Celestial Group during the 4th quarter valued at $36,000. 97.01% of the stock is owned by institutional investors.

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.