The Hain Celestial Group, Inc. (NASDAQ:HAIN) Stock Has Consensus Price Target of $0.95 According to Analysts

Shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN) have been given a consensus rating of “Reduce” by the seven brokerages that are presently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $0.95.

Several research firms recently weighed in on HAIN. Weiss Ratings upgraded shares of The Hain Celestial Group from a “sell (e)” rating to a “sell (e+)” rating in a research report on Monday, September 14th. Wall Street Zen downgraded shares of The Hain Celestial Group from a “hold” rating to a “sell” rating in a report on Saturday, September 26th. Finally, Jefferies Financial Group lowered their price objective on shares of The Hain Celestial Group from $1.03 to $0.81 and set a “hold” rating on the stock in a research report on Tuesday, July 7th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Nantahala Capital Management LLC bought a new stake in shares of The Hain Celestial Group in the 2nd quarter worth approximately $4,777,828. Empowered Funds LLC purchased a new position in The Hain Celestial Group in the second quarter valued at approximately $42,000. Public Employees Retirement System of Ohio bought a new position in The Hain Celestial Group during the second quarter valued at $130,000. Bank of America Corp DE bought a new position in The Hain Celestial Group during the second quarter valued at $50,000. Finally, Man Group plc bought a new position in The Hain Celestial Group during the second quarter valued at $750,000. 97.01% of the stock is owned by institutional investors.

The Hain Celestial Group Trading Up 0.9%

HAIN stock opened at $0.58 on Monday. The stock’s fifty day simple moving average is $0.61 and its two-hundred day simple moving average is $0.66. The Hain Celestial Group has a 1-year low of $0.48 and a 1-year high of $1.64. The stock has a market cap of $52.45 million, a P/E ratio of -0.17 and a beta of 0.95.

The Hain Celestial Group (NASDAQ:HAIN) last announced its 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 analysts’ expectations 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%. As a group, analysts forecast that The Hain Celestial Group will post 0.01 earnings per share for the current fiscal year.

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.