Barclays Issues Pessimistic Forecast for The Hain Celestial Group (NASDAQ:HAIN) Stock Price

The Hain Celestial Group (NASDAQ:HAIN) had its target price lowered by Barclays from $0.50 to $0.30 in a note issued to investors on Friday, Benzinga reports. The brokerage currently has an “underweight” rating on the stock. Barclays‘s price objective points to a potential upside of 26.05% from the company’s current price.

A number of other equities analysts also recently issued reports on the company. Jefferies Financial Group cut their price target on The Hain Celestial Group from $1.03 to $0.81 and set a “hold” rating for the company in a research note on Tuesday, July 7th. Wall Street Zen downgraded The Hain Celestial Group from a “hold” rating to a “sell” rating in a research note on Saturday, September 26th. Finally, Weiss Ratings upgraded The Hain Celestial Group from a “sell (e)” rating to a “sell (e+)” rating in a report on Monday, September 14th. Five equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, The Hain Celestial Group currently has a consensus rating of “Reduce” and an average target price of $0.90.

The Hain Celestial Group Trading Down 15.6%

HAIN traded down $0.04 on Friday, reaching $0.24. The stock had a trading volume of 5,436,175 shares, compared to its average volume of 1,585,924. The company has a market capitalization of $21.66 million, a price-to-earnings ratio of -0.07 and a beta of 0.95. The Hain Celestial Group has a fifty-two week low of $0.20 and a fifty-two week high of $1.64. The firm has a 50-day moving average of $0.61 and a 200-day moving average of $0.66.

The Hain Celestial Group (NASDAQ:HAIN) last released its quarterly earnings results on Monday, September 14th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.02). The business had revenue of $263.07 million for the quarter, compared to the consensus estimate of $261.24 million. The Hain Celestial Group had a negative net margin of 22.53% and a negative return on equity of 5.45%. Sell-side analysts anticipate that The Hain Celestial Group will post 0.01 EPS for the current fiscal year.

Institutional Trading of The Hain Celestial Group

A number of institutional investors have recently modified their holdings of HAIN. BlackRock Inc. purchased a new position in shares of The Hain Celestial Group during the 2nd quarter valued at $1,624,000. Nantahala Capital Management LLC bought a new position in shares of The Hain Celestial Group during the 2nd quarter valued at about $4,777,828. Man Group plc purchased a new position in The Hain Celestial Group in the 2nd quarter worth $750,000. Solas Capital Management LLC purchased a new position in shares of The Hain Celestial Group in the second quarter worth about $480,000. Finally, GSA Capital Partners LLP purchased a new position in The Hain Celestial Group in the 2nd quarter worth approximately $88,000. 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 is a consumer products company focused on better-for-you, natural and organic foods, beverages and personal care products. Its portfolio includes pantry staples, snacks, plant-based foods, teas, infant and children’s foods, and personal care products.

The company’s brands have included Celestial Seasonings, Earth’s Best, Terra, Garden of Eatin’, Imagine, Sensible Portions, The Greek Gods, Alba Botanica, Avalon Organics and Jason. Products are sold through grocery stores, mass retailers, club stores, natural-food retailers, e-commerce channels and other outlets.

Founded in 1993 by Irwin Simon, Hain Celestial expanded through brand development and acquisitions, including its combination with Celestial Seasonings in 2000.