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

Shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN) have earned an average rating of “Reduce” from the thirteen analysts that are presently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and one has assigned a buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $3.28.

A number of research firms have recently issued reports on HAIN. Zacks Research downgraded The Hain Celestial Group from a “hold” rating to a “strong sell” rating in a research note on Wednesday, September 17th. Wall Street Zen lowered The Hain Celestial Group from a “hold” rating to a “sell” rating in a report on Saturday, September 20th. Mizuho decreased their price objective on The Hain Celestial Group from $2.50 to $1.50 and set a “neutral” rating for the company in a report on Tuesday, September 16th. Stephens lowered The Hain Celestial Group from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $3.00 to $2.00 in a research report on Wednesday, September 17th. Finally, Barclays reduced their price target on shares of The Hain Celestial Group from $2.00 to $1.50 and set an “equal weight” rating for the company in a research report on Wednesday, September 17th.

The Hain Celestial Group Stock Performance

Shares of HAIN stock opened at $1.48 on Thursday. The company has a quick ratio of 1.02, a current ratio of 1.91 and a debt-to-equity ratio of 1.47. The Hain Celestial Group has a 52 week low of $1.30 and a 52 week high of $9.43. The firm has a 50 day moving average of $1.70 and a 200-day moving average of $2.10. The company has a market cap of $133.63 million, a price-to-earnings ratio of -0.25 and a beta of 0.82.

The Hain Celestial Group (NASDAQ:HAIN) last issued its earnings results on Monday, September 15th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.06). The Hain Celestial Group had a positive return on equity of 1.10% and a negative net margin of 34.03%.The company had revenue of $363.35 million for the quarter, compared to the consensus estimate of $371.58 million. During the same period in the prior year, the company earned $0.13 earnings per share. The firm’s revenue was down 13.4% compared to the same quarter last year. On average, equities analysts forecast that The Hain Celestial Group will post 0.4 earnings per share for the current year.

Insider Activity

In other The Hain Celestial Group news, CEO Alison Lewis bought 44,895 shares of the stock in a transaction that occurred on Friday, September 19th. The shares were bought at an average price of $1.50 per share, for a total transaction of $67,342.50. Following the acquisition, the chief executive officer directly owned 74,895 shares of the company’s stock, valued at approximately $112,342.50. The trade was a 149.65% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Neil Campbell purchased 62,640 shares of the company’s stock in a transaction that occurred on Friday, September 19th. The stock was acquired at an average cost of $1.52 per share, for a total transaction of $95,212.80. Following the transaction, the director owned 125,569 shares in the company, valued at $190,864.88. This represents a 99.54% increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 137,535 shares of company stock valued at $207,255. 1.71% of the stock is currently owned by insiders.

Institutional Investors Weigh In On The Hain Celestial Group

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Allianz Asset Management GmbH boosted its holdings in The Hain Celestial Group by 1.3% during the 1st quarter. Allianz Asset Management GmbH now owns 294,715 shares of the company’s stock worth $1,223,000 after acquiring an additional 3,715 shares during the last quarter. Signaturefd LLC lifted its position in shares of The Hain Celestial Group by 174.5% during the first quarter. Signaturefd LLC now owns 6,858 shares of the company’s stock valued at $28,000 after purchasing an additional 4,360 shares in the last quarter. Cerity Partners LLC boosted its holdings in The Hain Celestial Group by 50.8% during the first quarter. Cerity Partners LLC now owns 16,708 shares of the company’s stock worth $69,000 after purchasing an additional 5,625 shares during the last quarter. Intech Investment Management LLC grew its position in The Hain Celestial Group by 14.2% in the 2nd quarter. Intech Investment Management LLC now owns 53,821 shares of the company’s stock worth $82,000 after purchasing an additional 6,673 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its stake in The Hain Celestial Group by 45.6% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 23,592 shares of the company’s stock valued at $98,000 after buying an additional 7,389 shares during the last quarter. 97.01% of the stock is owned by hedge funds and other institutional investors.

About The Hain Celestial Group

The Hain Celestial Group, Inc manufactures, markets, and sells organic and natural products in United States, United Kingdom, Europe, and internationally. It operates through two segments: North America and International. The company offers infant formula; infant, toddler, and kids' food; plant-based beverages and frozen desserts, such as soy, rice, oat, and spelt; and condiments.