The Hain Celestial Group, Inc. (NASDAQ:HAIN) Receives $2.14 Average Target Price from Analysts

The Hain Celestial Group, Inc. (NASDAQ:HAIN) has earned a consensus rating of “Reduce” from the twelve analysts that are currently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $2.1444.

HAIN has been the topic of a number of recent analyst reports. Zacks Research upgraded The Hain Celestial Group from a “strong sell” rating to a “hold” rating in a research report on Wednesday, February 4th. DA Davidson reaffirmed 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. Wall Street Zen lowered The Hain Celestial Group from a “hold” rating to a “sell” rating in a research report on Saturday, February 21st. Weiss Ratings reissued a “sell (e+)” rating on shares of The Hain Celestial Group in a research note on Friday, January 9th. Finally, Stephens cut their price target on shares of The Hain Celestial Group from $2.00 to $1.00 and set an “equal weight” rating for the company in a report on Tuesday, February 17th.

The Hain Celestial Group Stock Performance

Shares of The Hain Celestial Group stock opened at $0.72 on Thursday. The firm has a 50-day simple moving average of $0.87 and a two-hundred day simple moving average of $1.12. The Hain Celestial Group has a fifty-two week low of $0.58 and a fifty-two week high of $4.20. The company has a market cap of $65.32 million, a P/E ratio of -0.12 and a beta of 0.65.

The Hain Celestial Group (NASDAQ:HAIN) last posted its earnings results on Monday, February 9th. The company reported ($0.03) EPS for the quarter, meeting analysts’ consensus estimates of ($0.03). The Hain Celestial Group had a negative return on equity of 1.15% and a negative net margin of 36.12%.The firm had revenue of $384.12 million for the quarter, compared to analysts’ expectations of $383.23 million. Equities research analysts forecast that The Hain Celestial Group will post 0.4 EPS for the current year.

Institutional Trading of The Hain Celestial Group

Several institutional investors have recently modified their holdings of the stock. AQR Capital Management LLC raised its position in shares of The Hain Celestial Group by 151.1% during the 1st quarter. AQR Capital Management LLC now owns 1,066,048 shares of the company’s stock worth $4,424,000 after purchasing an additional 641,567 shares during the last quarter. Millennium Management LLC boosted its holdings in The Hain Celestial Group by 295.4% in the 1st quarter. Millennium Management LLC now owns 4,731,690 shares of the company’s stock worth $19,637,000 after buying an additional 3,535,073 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in The Hain Celestial Group during the 1st quarter worth approximately $162,000. Empowered Funds LLC purchased a new stake in The Hain Celestial Group during the 1st quarter worth approximately $444,000. Finally, Cetera Investment Advisers raised its holdings in shares of The Hain Celestial Group by 255.1% during the second quarter. Cetera Investment Advisers now owns 43,876 shares of the company’s stock valued at $67,000 after acquiring an additional 31,521 shares during the last quarter. Institutional investors and hedge funds own 97.01% of the company’s stock.

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.