The Hain Celestial Group (NASDAQ:HAIN) Stock Gets Price Target Reduction from Barclays

The Hain Celestial Group (NASDAQ:HAIN) had its price objective cut by Barclays from $0.50 to $0.30 in a report released on Friday,Benzinga reports. They currently have an underweight rating on the stock.

HAIN has been the topic of a number of other research reports. Wall Street Zen downgraded The Hain Celestial Group from a “hold” rating to a “sell” rating in a research report on Saturday, September 26th. Jefferies Financial Group dropped their target price on The Hain Celestial Group from $1.03 to $0.81 and set a “hold” rating on the stock in a report on Tuesday, July 7th. Finally, Weiss Ratings upgraded The Hain Celestial Group from a “sell (e)” rating to a “sell (e+)” rating in a report on Monday, September 14th. Five research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, The Hain Celestial Group presently has an average rating of “Reduce” and an average target price of $0.90.

The Hain Celestial Group Stock Performance

The Hain Celestial Group stock opened at $0.24 on Friday. The company has a market cap of $21.48 million, a P/E ratio of -0.07 and a beta of 0.95. The Hain Celestial Group has a 1-year low of $0.20 and a 1-year high of $1.64. The company has a fifty day simple moving average of $0.60 and a 200 day simple moving average of $0.66.

The Hain Celestial Group (NASDAQ:HAIN) last issued its quarterly 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 Hain Celestial Group had a negative net margin of 22.53% and a negative return on equity of 5.45%. The business had revenue of $263.07 million during the quarter, compared to analyst estimates of $261.24 million. On average, equities research analysts forecast that The Hain Celestial Group will post 0.01 EPS for the current year.

Institutional Trading of The Hain Celestial Group

Several hedge funds have recently added to or reduced their stakes in the company. Nantahala Capital Management LLC bought a new stake in The Hain Celestial Group in the 2nd quarter valued at $4,777,828. BlackRock Inc. acquired a new position in The Hain Celestial Group in the 2nd quarter valued at $1,624,000. Man Group plc acquired a new position in The Hain Celestial Group in the 2nd quarter valued at $750,000. Assenagon Asset Management S.A. increased its position in The Hain Celestial Group by 283.4% during the 1st quarter. Assenagon Asset Management S.A. now owns 1,218,733 shares of the company’s stock worth $850,000 after buying an additional 900,831 shares during the period. Finally, Solas Capital Management LLC bought a new position in The Hain Celestial Group during the 2nd quarter worth $480,000. 97.01% of the stock is owned by institutional investors and hedge funds.

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.