The Hain Celestial Group, Inc. (NASDAQ:HAIN) Receives Average Rating of “Reduce” from Analysts

The Hain Celestial Group, Inc. (NASDAQ:HAIN) has been given a consensus rating of “Reduce” by the seven ratings firms that are currently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation and five have assigned a hold recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $0.9525.

HAIN has been the topic of several research analyst reports. Weiss Ratings upgraded shares of The Hain Celestial Group from a “sell (e)” rating to a “sell (e+)” rating in a research note on Monday, September 14th. Jefferies Financial Group cut their target price on shares of The Hain Celestial Group from $1.03 to $0.81 and set a “hold” rating for the company in a research note on Tuesday, July 7th.

The Hain Celestial Group Stock Down 1.3%

Shares of NASDAQ:HAIN opened at $0.55 on Thursday. The business has a 50 day moving average price of $0.62 and a 200 day moving average price of $0.68. The Hain Celestial Group has a twelve month low of $0.48 and a twelve month high of $1.80. The company has a market cap of $50.31 million, a price-to-earnings ratio of -0.16 and a beta of 0.80.

The Hain Celestial Group (NASDAQ:HAIN) last issued its quarterly earnings results on Monday, September 14th. The company reported ($0.05) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.02). The Hain Celestial Group had a negative return on equity of 5.45% and a negative net margin of 22.53%.The business had revenue of $263.07 million during the quarter, compared to the consensus estimate of $261.24 million. Analysts anticipate that The Hain Celestial Group will post 0.08 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio lifted its position in shares of The Hain Celestial Group by 6.1% in the 1st quarter. Public Employees Retirement System of Ohio now owns 220,200 shares of the company’s stock worth $154,000 after acquiring an additional 12,654 shares during the period. Gabelli Funds LLC increased its position in shares of The Hain Celestial Group by 126.2% during the first quarter. Gabelli Funds LLC now owns 121,000 shares of the company’s stock valued at $84,000 after purchasing an additional 67,500 shares during the period. GatePass Capital LLC increased its position in shares of The Hain Celestial Group by 37.6% during the first quarter. GatePass Capital LLC now owns 259,700 shares of the company’s stock valued at $181,000 after purchasing an additional 71,000 shares during the period. Empowered Funds LLC acquired a new position in shares of The Hain Celestial Group in the second quarter valued at $42,000. Finally, Rockefeller Capital Management L.P. raised its stake in shares of The Hain Celestial Group by 26,624.2% in the fourth quarter. Rockefeller Capital Management L.P. now owns 83,914 shares of the company’s stock valued at $90,000 after purchasing an additional 83,600 shares in the last quarter. Institutional investors own 97.01% of the company’s stock.

The Hain Celestial Group Company Profile

The Hain Celestial Group, Inc is a consumer packaged goods company focused on better-for-you products, including organic, natural, plant-based and specialty foods, as well as personal-care items. Its products are sold through grocery stores, mass retailers, natural-food retailers, e-commerce channels and other outlets.

The company’s portfolio has included brands such as Earth’s Best, Terra, Garden of Eatin’, Celestial Seasonings, Alba Botanica, Avalon Organics and JASON. Its offerings span snacks, cereals, baby and toddler foods, teas, personal-care products and other grocery categories.