The Hain Celestial Group, Inc. (NASDAQ:HAIN) Given Consensus Recommendation of “Reduce” by Brokerages

The Hain Celestial Group, Inc. (NASDAQ:HAIN) has been given an average rating of “Reduce” by the seven research firms that are currently covering the company, Marketbeat reports. Two 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 target among brokerages that have covered the stock in the last year is $1.1250.

Several research firms recently weighed in on HAIN. Weiss Ratings raised shares of The Hain Celestial Group from a “sell (e)” rating to a “sell (e+)” rating in a research note on Wednesday, June 3rd. Barclays cut shares of 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 note on Monday, March 16th. Stephens decreased their target price on shares of The Hain Celestial Group from $2.00 to $1.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 17th. Wall Street Zen raised shares of The Hain Celestial Group from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. Finally, 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.

Hedge Funds Weigh In On The Hain Celestial Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in The Hain Celestial Group by 8.0% during the third quarter. Vanguard Group Inc. now owns 7,029,733 shares of the company’s stock worth $11,107,000 after purchasing an additional 517,777 shares during the period. Nantahala Capital Management LLC boosted its position in The Hain Celestial Group by 117.6% during the fourth quarter. Nantahala Capital Management LLC now owns 6,528,789 shares of the company’s stock worth $6,986,000 after purchasing an additional 3,528,789 shares during the period. Charles Schwab Investment Management Inc. boosted its position in The Hain Celestial Group by 33.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,853,731 shares of the company’s stock worth $6,263,000 after purchasing an additional 1,470,360 shares during the period. Millennium Management LLC boosted its position in The Hain Celestial Group by 295.4% during the first quarter. Millennium Management LLC now owns 4,731,690 shares of the company’s stock worth $19,637,000 after purchasing an additional 3,535,073 shares during the period. Finally, AQR Capital Management LLC boosted its position in The Hain Celestial Group by 12.0% during the fourth quarter. AQR Capital Management LLC now owns 2,067,043 shares of the company’s stock worth $2,212,000 after purchasing an additional 221,269 shares during the period. 97.01% of the stock is owned by institutional investors.

The Hain Celestial Group Stock Down 6.1%

Shares of HAIN opened at $0.59 on Tuesday. The stock has a market capitalization of $53.41 million, a P/E ratio of -0.10 and a beta of 0.69. The Hain Celestial Group has a twelve month low of $0.55 and a twelve month high of $2.17. The company has a 50 day moving average of $0.78 and a 200-day moving average of $0.91.

The Hain Celestial Group (NASDAQ:HAIN) last issued its quarterly earnings results on Monday, May 11th. The company reported ($0.01) earnings per share for the quarter, topping the consensus estimate of ($0.02) by $0.01. The company had revenue of $338.36 million during the quarter, compared to analysts’ expectations of $341.99 million. The Hain Celestial Group had a negative net margin of 35.47% and a negative return on equity of 3.52%. On average, sell-side analysts anticipate that The Hain Celestial Group will post -0.16 earnings per share for the current fiscal 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.