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

The Hain Celestial Group, Inc. (NASDAQ:HAIN) has received an average rating of “Reduce” from the twelve ratings firms that are covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, nine have given a hold recommendation and one has given a buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $2.7556.

Several equities analysts have recently issued reports on HAIN shares. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of The Hain Celestial Group in a report on Friday, January 9th. Barclays cut their target price on The Hain Celestial Group from $2.00 to $1.50 and set an “equal weight” rating for the company in a research note on Wednesday, September 17th. Wall Street Zen upgraded The Hain Celestial Group from a “sell” rating to a “hold” rating in a research report on Sunday, November 16th. Stephens downgraded shares of The Hain Celestial Group from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $3.00 to $2.00 in a report on Wednesday, September 17th. Finally, Zacks Research cut shares of The Hain Celestial Group from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 6th.

The Hain Celestial Group Stock Performance

NASDAQ HAIN opened at $1.16 on Friday. The Hain Celestial Group has a 1 year low of $1.00 and a 1 year high of $5.66. The company has a debt-to-equity ratio of 1.59, a current ratio of 1.89 and a quick ratio of 1.06. The firm has a market cap of $105.06 million, a price-to-earnings ratio of -0.20 and a beta of 0.59. The company has a fifty day moving average price of $1.14 and a 200-day moving average price of $1.45.

The Hain Celestial Group (NASDAQ:HAIN) last announced its earnings results on Friday, November 7th. The company reported ($0.08) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.04). The Hain Celestial Group had a negative net margin of 34.69% and a positive return on equity of 0.77%. The firm had revenue of $367.88 million during the quarter, compared to analysts’ expectations of $361.09 million. As a group, equities research analysts predict that The Hain Celestial Group will post 0.4 EPS for the current fiscal year.

Insider Activity at The Hain Celestial Group

In other news, Director Carlyn R. Taylor sold 53,957 shares of the business’s stock in a transaction on Thursday, December 18th. The shares were sold at an average price of $1.17, for a total transaction of $63,129.69. Following the completion of the transaction, the director directly owned 264,203 shares in the company, valued at $309,117.51. The trade was a 16.96% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.71% of the stock is owned by company insiders.

Institutional Investors Weigh In On The Hain Celestial Group

Several large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its holdings in shares of The Hain Celestial Group by 8.0% in the 3rd quarter. Vanguard Group Inc. now owns 7,029,733 shares of the company’s stock valued at $11,107,000 after acquiring an additional 517,777 shares in the last quarter. Millennium Management LLC increased its position in shares of The Hain Celestial Group by 295.4% in the first 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 during the last quarter. Nantahala Capital Management LLC purchased a new stake in The Hain Celestial Group in the second quarter valued at approximately $4,560,000. Ameriprise Financial Inc. lifted its position in The Hain Celestial Group by 17.7% during the second quarter. Ameriprise Financial Inc. now owns 2,047,304 shares of the company’s stock valued at $3,112,000 after purchasing an additional 307,857 shares during the last quarter. Finally, Prudential Financial Inc. lifted its position in The Hain Celestial Group by 20.9% during the second quarter. Prudential Financial Inc. now owns 1,925,253 shares of the company’s stock valued at $2,926,000 after purchasing an additional 332,862 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.