The Hain Celestial Group, Inc. (NASDAQ:HAIN) Receives $1.12 Consensus PT from Brokerages

The Hain Celestial Group, Inc. (NASDAQ:HAIN) has received an average rating of “Reduce” from the eight brokerages that are covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation and six have issued a hold recommendation on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $1.0620.

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

The Hain Celestial Group Trading Up 1.2%

The Hain Celestial Group stock traded up $0.01 during trading hours on Friday, hitting $0.57. 773,167 shares of the stock traded hands, compared to its average volume of 1,630,217. The Hain Celestial Group has a one year low of $0.53 and a one year high of $2.17. The firm’s 50-day moving average price is $0.67 and its two-hundred day moving average price is $0.84. The company has a market cap of $51.04 million, a PE ratio of -0.10 and a beta of 0.73.

The Hain Celestial Group (NASDAQ:HAIN) last announced its earnings results on Monday, May 11th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.02) by $0.01. The firm had revenue of $338.36 million during the quarter, compared to analyst estimates of $341.99 million. The Hain Celestial Group had a negative return on equity of 3.52% and a negative net margin of 35.47%. On average, sell-side analysts expect that The Hain Celestial Group will post -0.16 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

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

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.