The Hain Celestial Group, Inc. (NASDAQ:HAIN) Receives $1.06 Consensus Target Price from Analysts

Shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN) have received an average rating of “Reduce” from the eight ratings firms that are covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation and six have issued a hold recommendation on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $1.0620.

Several research analysts have recently issued reports on the company. Weiss Ratings downgraded The Hain Celestial Group from a “sell (e+)” rating to a “sell (e)” rating in a research note on Friday, July 24th. William Blair cut shares of The Hain Celestial Group from an “outperform” rating to a “market perform” rating in a research note on Thursday, April 9th. Jefferies Financial Group cut their target price on shares of 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, Wall Street Zen raised shares of The Hain Celestial Group from a “sell” rating to a “hold” rating in a report on Saturday, May 16th.

The Hain Celestial Group Price Performance

NASDAQ HAIN opened at $0.50 on Wednesday. The business has a 50 day moving average price of $0.61 and a 200 day moving average price of $0.78. The company has a market capitalization of $44.98 million, a P/E ratio of -0.09 and a beta of 0.73. The Hain Celestial Group has a 1-year low of $0.48 and a 1-year high of $2.17.

The Hain Celestial Group (NASDAQ:HAIN) last posted its earnings results on Monday, May 11th. The company reported ($0.01) EPS for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.01. The company had revenue of $338.36 million for the quarter, compared to the consensus estimate of $341.99 million. The Hain Celestial Group had a negative return on equity of 3.52% and a negative net margin of 35.47%. On average, research analysts expect that The Hain Celestial Group will post -0.15 earnings per share for the current fiscal year.

Institutional Investors Weigh In On The Hain Celestial Group

A number of institutional investors and hedge funds have recently bought and sold shares of HAIN. Coldstream Capital Management Inc. acquired a new stake in The Hain Celestial Group during the 3rd quarter valued at $29,000. Thrivent Financial for Lutherans raised its holdings in shares of The Hain Celestial Group by 104.8% in the second quarter. Thrivent Financial for Lutherans now owns 21,500 shares of the company’s stock worth $32,000 after acquiring an additional 11,000 shares during the last quarter. Voleon Capital Management LP acquired a new position in shares of The Hain Celestial Group in the third quarter worth $43,000. Mariner LLC lifted its position in shares of The Hain Celestial Group by 98.0% in the fourth quarter. Mariner LLC now owns 30,098 shares of the company’s stock valued at $32,000 after acquiring an additional 14,895 shares in the last quarter. Finally, Stifel Financial Corp acquired a new stake in shares of The Hain Celestial Group during the fourth quarter valued at $36,000. Hedge funds and other 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.