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

Shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN) have been given a consensus recommendation of “Reduce” by the twelve research firms that are presently covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has issued a buy rating on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $2.1444.

Several equities research analysts recently commented on the stock. Weiss Ratings reiterated a “sell (e+)” rating on shares of The Hain Celestial Group in a research report on Friday, January 9th. Barclays cut The Hain Celestial Group from an “equal weight” rating to an “underweight” rating and reduced their target price for the company from $1.50 to $0.50 in a report on Monday, March 16th. Stephens reduced their price objective on shares of 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. Wall Street Zen cut The Hain Celestial Group from a “hold” rating to a “sell” rating in a report on Saturday, February 21st. Finally, DA Davidson reaffirmed a “neutral” rating and set a $1.50 price target on shares of The Hain Celestial Group in a research note on Tuesday, February 3rd.

The Hain Celestial Group Stock Up 2.7%

Shares of HAIN opened at $0.63 on Thursday. The stock has a market cap of $57.53 million, a PE ratio of -0.10 and a beta of 0.65. The Hain Celestial Group has a 12-month low of $0.58 and a 12-month high of $4.27. The business has a 50-day simple moving average of $0.88 and a two-hundred day simple moving average of $1.14.

The Hain Celestial Group (NASDAQ:HAIN) last announced its quarterly 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 analyst estimates of $383.23 million. On average, equities research analysts expect that The Hain Celestial Group will post 0.4 EPS for the current year.

Hedge Funds Weigh In On The Hain Celestial Group

A number of institutional investors have recently modified their holdings of the company. Intech Investment Management LLC grew its position in The Hain Celestial Group by 14.2% in the 2nd quarter. Intech Investment Management LLC now owns 53,821 shares of the company’s stock valued at $82,000 after purchasing an additional 6,673 shares during the period. Wealth Enhancement Advisory Services LLC increased its stake in The Hain Celestial Group by 26.1% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 41,118 shares of the company’s stock valued at $65,000 after purchasing an additional 8,505 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in The Hain Celestial Group by 16.2% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 67,194 shares of the company’s stock worth $102,000 after buying an additional 9,350 shares during the last quarter. American Century Companies Inc. raised its holdings in 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 worth $190,000 after buying an additional 10,200 shares during the last quarter. Finally, Thrivent Financial for Lutherans lifted its stake in shares of The Hain Celestial Group by 104.8% in the second 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 in the last quarter. 97.01% of the stock is owned by institutional investors and hedge funds.

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.