The Hain Celestial Group, Inc. (NASDAQ:HAIN) Receives Average Recommendation of “Reduce” from Brokerages

The Hain Celestial Group, Inc. (NASDAQ:HAIN) has earned an average rating of “Reduce” from the eight analysts that are currently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation and six have given a hold recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $1.0620.

Several research analysts recently commented on the stock. Jefferies Financial Group reduced their price objective on shares of The Hain Celestial Group from $1.03 to $0.81 and set a “hold” rating for the company in a research note on Tuesday. William Blair downgraded shares of The Hain Celestial Group from an “outperform” rating to a “market perform” rating in a research note on Thursday, April 9th. Wall Street Zen raised shares of The Hain Celestial Group from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. Barclays downgraded The Hain Celestial Group from an “equal weight” rating to an “underweight” rating and reduced their price target for the stock from $1.50 to $0.50 in a research report on Monday, March 16th. Finally, Weiss Ratings upgraded The Hain Celestial Group from a “sell (e)” rating to a “sell (e+)” rating in a report on Monday.

The Hain Celestial Group Price Performance

HAIN opened at $0.56 on Friday. The firm has a market capitalization of $50.54 million, a PE ratio of -0.10 and a beta of 0.73. The business’s 50-day moving average is $0.68 and its two-hundred day moving average is $0.85. The Hain Celestial Group has a 1 year low of $0.53 and a 1 year high of $2.17.

The Hain Celestial Group (NASDAQ:HAIN) last released its quarterly 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 net margin of 35.47% and a negative return on equity of 3.52%. The business had revenue of $338.36 million during the quarter, compared to analyst estimates of $341.99 million. As a group, sell-side analysts expect that The Hain Celestial Group will post -0.16 EPS for the current year.

Institutional Investors Weigh In On The Hain Celestial Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in The Hain Celestial Group by 16.2% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 67,194 shares of the company’s stock worth $102,000 after acquiring an additional 9,350 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of The Hain Celestial Group by 8.9% during the second quarter. American Century Companies Inc. now owns 124,721 shares of the company’s stock valued at $190,000 after acquiring an additional 10,200 shares in the last quarter. Thrivent Financial for Lutherans raised its position in shares of 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 valued at $32,000 after purchasing an additional 11,000 shares during the last quarter. Blair William & Co. IL raised its position in shares of The Hain Celestial Group by 5.2% in the 3rd quarter. Blair William & Co. IL now owns 249,838 shares of the company’s stock valued at $395,000 after purchasing an additional 12,327 shares during the last quarter. Finally, Public Employees Retirement System of Ohio boosted its stake in The Hain Celestial Group by 6.1% in the 1st quarter. Public Employees Retirement System of Ohio now owns 220,200 shares of the company’s stock worth $154,000 after purchasing an additional 12,654 shares in the last quarter. 97.01% of the stock is currently 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.