Analysts Set The Hain Celestial Group, Inc. (NASDAQ:HAIN) Price Target at $1.06

Shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN) have earned an average recommendation of “Reduce” from the eight analysts that are presently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation and six have assigned a hold recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $1.0620.

A number of research firms recently weighed in on HAIN. William Blair lowered shares of The Hain Celestial Group from an “outperform” rating to a “market perform” rating in a report on Thursday, April 9th. Weiss Ratings lowered shares of The Hain Celestial Group from a “sell (e+)” rating to a “sell (e)” rating in a report on Friday, July 24th. Jefferies Financial Group dropped their target price on The Hain Celestial Group from $1.03 to $0.81 and set a “hold” rating on the stock in a research report on Tuesday, July 7th. Finally, Wall Street Zen upgraded The Hain Celestial Group from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th.

The Hain Celestial Group Stock Up 7.1%

NASDAQ HAIN opened at $0.54 on Wednesday. The Hain Celestial Group has a fifty-two week low of $0.48 and a fifty-two week high of $2.17. The business has a 50 day moving average price of $0.60 and a two-hundred day moving average price of $0.77. The stock has a market cap of $48.73 million, a PE ratio of -0.09 and a beta of 0.72.

The Hain Celestial Group (NASDAQ:HAIN) last posted its quarterly earnings data on Monday, May 11th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating 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 company had revenue of $338.36 million for the quarter, compared to analyst estimates of $341.99 million. Sell-side analysts anticipate that The Hain Celestial Group will post -0.15 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Coldstream Capital Management Inc. acquired a new stake in shares of The Hain Celestial Group during the 3rd quarter valued at approximately $29,000. Thrivent Financial for Lutherans boosted its holdings in The Hain Celestial Group by 104.8% in the second quarter. Thrivent Financial for Lutherans now owns 21,500 shares of the company’s stock worth $32,000 after purchasing an additional 11,000 shares during the period. Voleon Capital Management LP acquired a new position in The Hain Celestial Group in the third quarter worth $43,000. Mariner LLC increased its stake in The Hain Celestial Group by 98.0% during the fourth quarter. Mariner LLC now owns 30,098 shares of the company’s stock valued at $32,000 after purchasing an additional 14,895 shares during the last quarter. Finally, Stifel Financial Corp bought a new position in The Hain Celestial Group in the fourth quarter worth about $36,000. 97.01% of the stock is owned by institutional investors and hedge funds.

The Hain Celestial Group Company Profile

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.