Analysts Set The Hain Celestial Group, Inc. (NASDAQ:HAIN) PT at $1.13

The Hain Celestial Group, Inc. (NASDAQ:HAIN) has been assigned an average rating of “Reduce” from the seven analysts that are currently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation and five have issued a hold recommendation on the company. The average 1-year price target among brokers that have covered the stock in the last year is $1.1250.

A number of equities research analysts have commented on HAIN shares. William Blair downgraded shares of The Hain Celestial Group from an “outperform” rating to a “market perform” rating in a research report on Thursday, April 9th. Barclays downgraded shares of The Hain Celestial Group from an “equal weight” rating to an “underweight” rating and cut their target price for the stock from $1.50 to $0.50 in a research report on Monday, March 16th. Weiss Ratings raised shares of The Hain Celestial Group from a “sell (e)” rating to a “sell (e+)” rating in a research report on Wednesday, June 3rd. Wall Street Zen raised shares of The Hain Celestial Group from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. Finally, Stephens cut 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 report on Tuesday, February 17th.

Institutional Investors Weigh In On The Hain Celestial Group

A number of large investors have recently added to or reduced their stakes in HAIN. Coldstream Capital Management Inc. bought a new stake in The Hain Celestial Group in the 3rd quarter worth approximately $29,000. Thrivent Financial for Lutherans grew its position in shares of The Hain Celestial Group by 104.8% during the 2nd quarter. Thrivent Financial for Lutherans now owns 21,500 shares of the company’s stock valued at $32,000 after acquiring an additional 11,000 shares during the period. Mariner LLC grew its position in shares of The Hain Celestial Group by 98.0% during the 4th quarter. Mariner LLC now owns 30,098 shares of the company’s stock valued at $32,000 after acquiring an additional 14,895 shares during the period. Stifel Financial Corp bought a new stake in shares of The Hain Celestial Group during the 4th quarter valued at $36,000. Finally, Amundi bought a new stake in shares of The Hain Celestial Group during the 4th quarter valued at $37,000. Institutional investors own 97.01% of the company’s stock.

The Hain Celestial Group Trading Down 0.0%

NASDAQ:HAIN opened at $0.63 on Tuesday. The Hain Celestial Group has a 12 month low of $0.55 and a 12 month high of $2.17. The company has a market cap of $56.87 million, a PE ratio of -0.11 and a beta of 0.69. The company has a 50 day simple moving average of $0.78 and a two-hundred day simple moving average of $0.91.

The Hain Celestial Group (NASDAQ:HAIN) last posted its earnings results on Monday, May 11th. The company reported ($0.01) EPS for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.01. The Hain Celestial Group had a negative net margin of 35.47% and a negative return on equity of 3.52%. The business had revenue of $338.36 million during the quarter, compared to the consensus estimate of $341.99 million. Research analysts forecast that The Hain Celestial Group will post -0.16 earnings per share for the current year.

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.