The Hain Celestial Group, Inc. (NASDAQ:HAIN) Receives $2.76 Average Price Target from Analysts

Shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN) have earned a consensus rating of “Reduce” from the twelve analysts that are covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation and one has issued a buy recommendation on the company. The average 12-month price target among brokers that have covered the stock in the last year is $2.7556.

A number of brokerages recently weighed in on HAIN. Wall Street Zen upgraded shares of The Hain Celestial Group from a “sell” rating to a “hold” rating in a research report on Sunday, November 16th. Weiss Ratings reissued a “sell (e+)” rating on shares of The Hain Celestial Group in a report on Friday, January 9th. Finally, Zacks Research downgraded The Hain Celestial Group from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 6th.

The Hain Celestial Group Price Performance

Shares of The Hain Celestial Group stock opened at $1.22 on Friday. The business has a 50 day moving average of $1.15 and a 200 day moving average of $1.44. The Hain Celestial Group has a 52 week low of $1.00 and a 52 week high of $5.66. The company has a market cap of $110.50 million, a PE ratio of -0.21 and a beta of 0.59. The company has a quick ratio of 1.06, a current ratio of 1.89 and a debt-to-equity ratio of 1.59.

The Hain Celestial Group (NASDAQ:HAIN) last released its quarterly earnings results on Friday, November 7th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.04). The Hain Celestial Group had a positive return on equity of 0.77% and a negative net margin of 34.69%.The company had revenue of $367.88 million during the quarter, compared to the consensus estimate of $361.09 million. As a group, equities research analysts forecast that The Hain Celestial Group will post 0.4 earnings per share for the current year.

Insider Transactions at The Hain Celestial Group

In other news, Director Carlyn R. Taylor sold 53,957 shares of the company’s stock in a transaction on Thursday, December 18th. The stock was sold at an average price of $1.17, for a total value of $63,129.69. Following the completion of the sale, the director directly owned 264,203 shares in the company, valued at $309,117.51. This represents a 16.96% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 1.71% of the company’s stock.

Institutional Trading of The Hain Celestial Group

A number of hedge funds and other institutional investors have recently modified their holdings of HAIN. Vanguard Group Inc. grew its position in shares of 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 valued at $11,107,000 after purchasing an additional 517,777 shares in the last quarter. Millennium Management LLC boosted its stake 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 valued at $19,637,000 after buying an additional 3,535,073 shares during the last quarter. Nantahala Capital Management LLC purchased a new position in The Hain Celestial Group during the 2nd quarter valued at approximately $4,560,000. Ameriprise Financial Inc. increased its stake in The Hain Celestial Group by 17.7% in the 2nd quarter. Ameriprise Financial Inc. now owns 2,047,304 shares of the company’s stock worth $3,112,000 after acquiring an additional 307,857 shares during the last quarter. Finally, Prudential Financial Inc. increased its stake in The Hain Celestial Group by 20.9% in the 2nd quarter. Prudential Financial Inc. now owns 1,925,253 shares of the company’s stock worth $2,926,000 after acquiring an additional 332,862 shares during the last quarter. 97.01% of the stock is owned by hedge funds and other institutional investors.

About The Hain Celestial Group

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.