Stephens Has Lowered Expectations for The Hain Celestial Group (NASDAQ:HAIN) Stock Price

The Hain Celestial Group (NASDAQ:HAIN) had its target price reduced by research analysts at Stephens from $2.00 to $1.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Stephens’ target price indicates a potential upside of 9.77% from the company’s current price.

Other equities research analysts also recently issued research reports about the company. Wall Street Zen upgraded The Hain Celestial Group from a “sell” rating to a “hold” rating in a research report on Sunday, November 16th. DA Davidson reissued a “neutral” rating and set a $1.50 price objective on shares of The Hain Celestial Group in a report on Tuesday, February 3rd. Zacks Research raised The Hain Celestial Group from a “strong sell” rating to a “hold” rating in a research note on Wednesday, February 4th. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of The Hain Celestial Group in a research note on Friday, January 9th. One equities research analyst has rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $2.53.

The Hain Celestial Group Trading Down 4.8%

HAIN stock opened at $0.91 on Tuesday. The company’s 50 day moving average is $1.14 and its 200 day moving average is $1.36. The stock has a market cap of $82.89 million, a price-to-earnings ratio of -0.15 and a beta of 0.61. The Hain Celestial Group has a 1-year low of $0.82 and a 1-year high of $4.84.

The Hain Celestial Group (NASDAQ:HAIN) last released its quarterly earnings results on Monday, February 9th. The company reported ($0.03) EPS for the quarter, hitting analysts’ consensus estimates of ($0.03). The business had revenue of $384.12 million during the quarter, compared to analysts’ expectations of $383.23 million. The Hain Celestial Group had a negative net margin of 36.12% and a negative return on equity of 1.15%. As a group, sell-side analysts forecast that The Hain Celestial Group will post 0.4 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Carlyn R. Taylor sold 53,957 shares of the firm’s stock in a transaction dated Thursday, December 18th. The stock was sold at an average price of $1.17, for a total value of $63,129.69. Following the sale, the director directly owned 264,203 shares of the company’s stock, valued at $309,117.51. This trade represents a 16.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.71% of the stock is owned by insiders.

Hedge Funds Weigh In On The Hain Celestial Group

Several hedge funds have recently made changes to their positions in the business. Coldstream Capital Management Inc. purchased a new stake in The Hain Celestial Group in the third quarter worth $29,000. Thrivent Financial for Lutherans raised its holdings in The Hain Celestial Group by 104.8% in the 2nd quarter. Thrivent Financial for Lutherans now owns 21,500 shares of the company’s stock worth $32,000 after purchasing an additional 11,000 shares in the last quarter. Mariner LLC raised its holdings in The Hain Celestial Group by 98.0% in the 4th quarter. Mariner LLC now owns 30,098 shares of the company’s stock worth $32,000 after purchasing an additional 14,895 shares in the last quarter. Stifel Financial Corp purchased a new stake in shares of The Hain Celestial Group in the 4th quarter worth about $36,000. Finally, Rathbones Group PLC bought a new stake in shares of The Hain Celestial Group during the 2nd quarter valued at about $39,000. 97.01% of the stock is owned by hedge funds and other institutional investors.

The Hain Celestial Group Company Profile

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.