The Hain Celestial Group, Inc. (HAIN) – What Are Researchers Thinking About This Stock?

The Hain Celestial Group, Inc. (NASDAQ:HAIN) has earned a consensus recommendation of “Reduce” from the seven analysts that are presently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating and five have given a hold rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $0.90.

Several research analysts recently weighed in on HAIN shares. Weiss Ratings raised shares of The Hain Celestial Group from a “sell (e)” rating to a “sell (e+)” rating in a research note on Monday, September 14th. Barclays lowered their target price on shares of The Hain Celestial Group from $0.50 to $0.30 and set an “underweight” rating for the company in a research note on Friday. 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 on the stock in a report on Tuesday, July 7th. Finally, Wall Street Zen lowered shares of The Hain Celestial Group from a “hold” rating to a “sell” rating in a report on Saturday, September 26th.

Hedge Funds Weigh In On The Hain Celestial Group

Hedge funds and other institutional investors have recently bought and sold shares of the business. SummerHaven Investment Management LLC acquired a new stake in The Hain Celestial Group during the third quarter worth approximately $54,000. Nantahala Capital Management LLC bought a new stake in shares of The Hain Celestial Group during the 2nd quarter worth $4,777,828. Empowered Funds LLC acquired a new stake in The Hain Celestial Group in the second quarter valued at about $42,000. Public Employees Retirement System of Ohio acquired a new stake in The Hain Celestial Group in the second quarter valued at about $130,000. Finally, Bank of America Corp DE acquired a new stake in The Hain Celestial Group in the second quarter valued at about $50,000. Institutional investors own 97.01% of the company’s stock.

The Hain Celestial Group Stock Performance

HAIN opened at $0.24 on Monday. The company has a fifty day moving average price of $0.60 and a two-hundred day moving average price of $0.66. The firm has a market capitalization of $21.48 million, a PE ratio of -0.07 and a beta of 0.95. The Hain Celestial Group has a 52 week low of $0.20 and a 52 week high of $1.64.

The Hain Celestial Group (NASDAQ:HAIN) last posted its quarterly earnings results on Monday, September 14th. The company reported ($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.02). The company had revenue of $263.07 million during the quarter, compared to analyst estimates of $261.24 million. The Hain Celestial Group had a negative net margin of 22.53% and a negative return on equity of 5.45%. Equities analysts forecast that The Hain Celestial Group will post 0.01 EPS for the current year.

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.