Barclays Issues Pessimistic Forecast for The Hain Celestial Group (NASDAQ:HAIN) Stock Price

The Hain Celestial Group (NASDAQ:HAIN) had its price objective cut by analysts at Barclays from $0.30 to $0.10 in a research note issued on Tuesday, Benzinga reports. The brokerage presently has an “underweight” rating on the stock. Barclays‘s price objective points to a potential downside of 30.56% from the stock’s current price.

A number of other research firms also recently weighed in on HAIN. Wall Street Zen downgraded The Hain Celestial Group from a “hold” rating to a “sell” rating in a report on Saturday, September 26th. Weiss Ratings upgraded shares of The Hain Celestial Group from a “sell (e)” rating to a “sell (e+)” rating in a report on Monday, September 14th. Finally, Zacks Research lowered shares of The Hain Celestial Group from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 21st. Four analysts have rated the stock with a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Reduce” and a consensus price target of $0.85.

The Hain Celestial Group Trading Up 3.2%

NASDAQ:HAIN opened at $0.14 on Tuesday. The Hain Celestial Group has a 12 month low of $0.12 and a 12 month high of $1.48. The company has a 50-day moving average price of $0.44 and a 200-day moving average price of $0.66. The stock has a market cap of $13.10 million, a price-to-earnings ratio of -0.04 and a beta of 1.04.

The Hain Celestial Group (NASDAQ:HAIN) last posted its quarterly earnings data on Monday, November 9th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.04). 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, compared to the consensus estimate of $283.03 million. During the same quarter last year, the company posted ($0.23) EPS. Equities analysts forecast that The Hain Celestial Group will post 0.01 EPS for the current fiscal year.

Institutional Trading of The Hain Celestial Group

Large investors have recently made changes to their positions in the company. SummerHaven Investment Management LLC purchased a new stake in shares of The Hain Celestial Group during the third quarter worth approximately $54,000. Nantahala Capital Management LLC acquired a new stake in shares of The Hain Celestial Group in the second quarter worth approximately $4,777,828. Empowered Funds LLC purchased a new stake in shares of The Hain Celestial Group during the 2nd quarter worth about $42,000. Public Employees Retirement System of Ohio purchased a new stake in shares of The Hain Celestial Group during the 2nd quarter valued at about $130,000. Finally, Bank of America Corp DE purchased a new position in The Hain Celestial Group in the second quarter valued at about $50,000. 97.01% of the stock is owned by institutional investors and hedge funds.

The Hain Celestial Group News Summary

Here are the key news stories impacting The Hain Celestial Group this week:

• Positive Sentiment: Hain outlined approximately $16 million in SG&A run-rate savings, with full realization expected by the first half of fiscal 2028. Its first-quarter loss also narrowed compared with a year earlier, offering some evidence of improvement. Article: Hain Celestial outlines savings Article: Q1 loss narrows
• Negative Sentiment: Fiscal Q1 results missed expectations: Hain reported a $0.07-per-share loss versus estimates for a loss of about $0.03–$0.04, while revenue of $260.27 million fell short of the roughly $283 million consensus. The shortfalls reinforce concerns that sales and earnings remain under pressure. Article: Q1 loss and revenue miss Article: Sales and earnings under pressure
• Negative Sentiment: The proposed sale of Hain’s international business to Aurelius has been reported as in doubt. Uncertainty around the transaction could complicate the company’s plans to reshape its business and adds risk alongside the operating shortfall. Article: International deal with Aurelius in doubt

About The Hain Celestial Group

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.