Brokerages Set The Hain Celestial Group, Inc. (NASDAQ:HAIN) Price Target at $1.13

The Hain Celestial Group, Inc. (NASDAQ:HAIN) has earned a consensus recommendation of “Reduce” from the seven research firms that are covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation and five have issued a hold recommendation on the company. The average 12-month price target among brokers that have covered the stock in the last year is $1.1250.

Several analysts have issued reports on the company. William Blair lowered The Hain Celestial Group from an “outperform” rating to a “market perform” rating in a research note on Thursday, April 9th. Wall Street Zen raised The Hain Celestial Group from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. Barclays downgraded The Hain Celestial Group from an “equal weight” rating to an “underweight” rating and decreased their target price for the company from $1.50 to $0.50 in a research report on Monday, March 16th. Weiss Ratings raised The Hain Celestial Group from a “sell (e)” rating to a “sell (e+)” rating in a research report on Wednesday, June 3rd. Finally, Stephens decreased their target price on The Hain Celestial Group from $2.00 to $1.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 17th.

Hedge Funds Weigh In On The Hain Celestial Group

Several institutional investors and hedge funds have recently made changes to their positions in HAIN. Coldstream Capital Management Inc. acquired a new position in shares of The Hain Celestial Group in the third quarter valued at approximately $29,000. Thrivent Financial for Lutherans grew its position 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 valued at $32,000 after purchasing an additional 11,000 shares during the last quarter. Mariner LLC grew 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 purchasing an additional 14,895 shares during the last quarter. Stifel Financial Corp acquired a new position in shares of The Hain Celestial Group in the fourth quarter valued at approximately $36,000. Finally, Amundi acquired a new position in shares of The Hain Celestial Group in the fourth quarter valued at approximately $37,000. Institutional investors and hedge funds own 97.01% of the company’s stock.

The Hain Celestial Group Stock Down 0.0%

NASDAQ:HAIN opened at $0.63 on Tuesday. The stock’s 50 day moving average price is $0.78 and its two-hundred day moving average price is $0.91. The firm has a market capitalization of $56.87 million, a price-to-earnings ratio of -0.11 and a beta of 0.69. The Hain Celestial Group has a 12-month low of $0.55 and a 12-month high of $2.17.

The Hain Celestial Group (NASDAQ:HAIN) last released its quarterly earnings data on Monday, May 11th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.01. The firm had revenue of $338.36 million for the quarter, compared to analyst estimates 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%. Equities research analysts expect that The Hain Celestial Group will post -0.16 EPS for the current year.

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.