Jefferies Financial Group Has Lowered Expectations for The Hain Celestial Group (NASDAQ:HAIN) Stock Price

The Hain Celestial Group (NASDAQ:HAIN) had its price target dropped by analysts at Jefferies Financial Group from $1.03 to $0.81 in a research report issued on Tuesday,Benzinga reports. The firm presently has a “hold” rating on the stock. Jefferies Financial Group’s price target would indicate a potential upside of 41.86% from the company’s current price.

HAIN has been the topic of several other reports. Wall Street Zen upgraded shares of The Hain Celestial Group from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. William Blair lowered The Hain Celestial Group from an “outperform” rating to a “market perform” rating in a research note on Thursday, April 9th. Barclays cut The Hain Celestial Group from an “equal weight” rating to an “underweight” rating and dropped their price objective for the company from $1.50 to $0.50 in a report on Monday, March 16th. Finally, Weiss Ratings lowered shares of The Hain Celestial Group from a “sell (e+)” rating to a “sell (e)” rating in a research note on Wednesday, June 17th. Six investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, The Hain Celestial Group has an average rating of “Reduce” and a consensus price target of $1.06.

The Hain Celestial Group Stock Up 0.4%

HAIN traded up $0.00 on Tuesday, hitting $0.57. The company had a trading volume of 842,283 shares, compared to its average volume of 1,579,179. The business’s fifty day simple moving average is $0.69 and its 200 day simple moving average is $0.86. The Hain Celestial Group has a 12-month low of $0.53 and a 12-month high of $2.17. The company has a market cap of $51.53 million, a PE ratio of -0.10 and a beta of 0.73.

The Hain Celestial Group (NASDAQ:HAIN) last released its earnings results on Monday, May 11th. The company reported ($0.01) earnings per share 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 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, analysts anticipate that The Hain Celestial Group will post -0.16 earnings per share for the current fiscal year.

Hedge Funds Weigh In On The Hain Celestial Group

Large investors have recently made changes to their positions in the business. Coldstream Capital Management Inc. acquired a new stake in shares of The Hain Celestial Group during the 3rd quarter worth approximately $29,000. Thrivent Financial for Lutherans increased its stake in shares of The Hain Celestial Group by 104.8% in the 2nd 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 in the last quarter. Mariner LLC increased its stake in shares of The Hain Celestial Group by 98.0% in the 4th quarter. Mariner LLC now owns 30,098 shares of the company’s stock valued at $32,000 after purchasing an additional 14,895 shares in the last quarter. Stifel Financial Corp acquired a new position in The Hain Celestial Group in the 4th quarter worth about $36,000. Finally, Amundi acquired a new position in The Hain Celestial Group in the 4th quarter worth about $37,000. 97.01% of the stock is owned by institutional investors and hedge funds.

The Hain Celestial Group Company Profile

The Hain Celestial Group, Inc (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.