The Hain Celestial Group (NASDAQ:HAIN) Posts Quarterly Earnings Results

The Hain Celestial Group (NASDAQ:HAIN) issued its earnings results on Monday. The company reported ($0.07) earnings per share for the quarter, FiscalAI reports. The Hain Celestial Group had a negative return on equity of 5.45% and a negative net margin of 22.53%. The firm had revenue of $260.27 million during the quarter.

The Hain Celestial Group Price Performance

Shares of NASDAQ:HAIN opened at $0.15 on Monday. The company has a market capitalization of $13.60 million, a price-to-earnings ratio of -0.04 and a beta of 1.04. The company has a 50 day moving average of $0.45 and a two-hundred day moving average of $0.67. The Hain Celestial Group has a 52-week low of $0.12 and a 52-week high of $1.48.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Empowered Funds LLC purchased a new position in The Hain Celestial Group in the 2nd quarter valued at about $42,000. Bank of New York Mellon Corp acquired a new stake in shares of The Hain Celestial Group during the second quarter valued at about $50,000. Bank of America Corp DE acquired a new stake in shares of The Hain Celestial Group during the second quarter valued at about $50,000. Hsbc Holdings PLC purchased a new stake in shares of The Hain Celestial Group during the second quarter worth about $52,000. Finally, SummerHaven Investment Management LLC purchased a new stake in shares of The Hain Celestial Group during the third quarter worth about $54,000. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

HAIN has been the subject of several research analyst reports. Wall Street Zen lowered The Hain Celestial Group from a “hold” rating to a “sell” rating in a research note on Saturday, September 26th. Barclays cut their price objective on The Hain Celestial Group from $0.50 to $0.30 and set an “underweight” rating on the stock in a report on Friday, October 16th. Weiss Ratings raised The Hain Celestial Group from a “sell (e)” rating to a “sell (e+)” rating in a research note on Monday, September 14th. Finally, Zacks Research cut The Hain Celestial Group from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 21st. Four research analysts have rated the stock with a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Reduce” and an average price target of $0.90.

The Hain Celestial Group Company Profile

The Hain Celestial Group, Inc is a natural and organic products company that develops, markets and distributes food, beverage and personal-care products. Its portfolio includes plant-based foods, snacks, pantry staples, beverages, baby and children’s products, and personal-care items sold through grocery stores, mass retailers, specialty retailers, e-commerce channels and other outlets.

The company’s brands have included Celestial Seasonings, Earth’s Best, Terra, Garden of Eatin’, Sensible Portions, Imagine, Alba Botanica, Avalon Organics and JASON.