Brokerages Set The Hain Celestial Group, Inc. (NASDAQ:HAIN) PT at $1.06

The Hain Celestial Group, Inc. (NASDAQ:HAIN) has been given a consensus rating of “Reduce” by the eight analysts that are covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating and six have issued a hold rating on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $1.0620.

A number of research analysts recently issued reports on HAIN shares. Wall Street Zen upgraded The Hain Celestial Group from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. Jefferies Financial Group reduced 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 report on Tuesday, July 7th. Finally, Weiss Ratings raised shares of The Hain Celestial Group from a “sell (e)” rating to a “sell (e+)” rating in a research note on Tuesday, August 11th.

The Hain Celestial Group Price Performance

HAIN opened at $0.87 on Friday. The business’s 50-day moving average price is $0.58 and its two-hundred day moving average price is $0.71. The Hain Celestial Group has a 1 year low of $0.48 and a 1 year high of $2.17. The company has a market capitalization of $78.88 million, a price-to-earnings ratio of -0.15 and a beta of 0.72.

Institutional Investors Weigh In On The Hain Celestial Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HAIN. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in The Hain Celestial Group by 16.2% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 67,194 shares of the company’s stock worth $102,000 after acquiring an additional 9,350 shares during the period. American Century Companies Inc. lifted its stake in The Hain Celestial Group by 8.9% in the 2nd quarter. American Century Companies Inc. now owns 124,721 shares of the company’s stock worth $190,000 after purchasing an additional 10,200 shares in the last quarter. Thrivent Financial for Lutherans boosted its holdings in The Hain Celestial Group by 104.8% in the 2nd quarter. Thrivent Financial for Lutherans now owns 21,500 shares of the company’s stock valued at $32,000 after purchasing an additional 11,000 shares during the period. Blair William & Co. IL grew its position in shares of The Hain Celestial Group by 5.2% during the 3rd quarter. Blair William & Co. IL now owns 249,838 shares of the company’s stock valued at $395,000 after purchasing an additional 12,327 shares in the last quarter. Finally, Public Employees Retirement System of Ohio grew its position in shares of The Hain Celestial Group by 6.1% during the 1st quarter. Public Employees Retirement System of Ohio now owns 220,200 shares of the company’s stock valued at $154,000 after purchasing an additional 12,654 shares in the last quarter. 97.01% of the stock is currently owned by institutional investors and hedge funds.

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.