Stephens Cuts The Hain Celestial Group (NASDAQ:HAIN) Price Target to $1.00

The Hain Celestial Group (NASDAQ:HAIN) had its target price lowered by equities researchers at Stephens from $2.00 to $1.00 in a report issued on Tuesday,Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Stephens’ price target points to a potential upside of 9.77% from the company’s current price.

Several other research analysts have also recently weighed in on the stock. Weiss Ratings restated a “sell (e+)” rating on shares of The Hain Celestial Group in a report on Friday, January 9th. Wall Street Zen raised The Hain Celestial Group from a “sell” rating to a “hold” rating in a report on Sunday, November 16th. Zacks Research raised The Hain Celestial Group from a “strong sell” rating to a “hold” rating in a research report on Wednesday, February 4th. Finally, DA Davidson reissued a “neutral” rating and issued a $1.50 price objective on shares of The Hain Celestial Group in a research report on Tuesday, February 3rd. One investment analyst has rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $2.53.

The Hain Celestial Group Price Performance

HAIN opened at $0.91 on Tuesday. The Hain Celestial Group has a fifty-two week low of $0.82 and a fifty-two week high of $4.84. The firm has a market capitalization of $82.89 million, a PE ratio of -0.15 and a beta of 0.61. The company’s 50-day moving average is $1.14 and its 200 day moving average is $1.36.

The Hain Celestial Group (NASDAQ:HAIN) last issued its quarterly earnings data on Monday, February 9th. The company reported ($0.03) EPS for the quarter, hitting the consensus estimate of ($0.03). The firm had revenue of $384.12 million during the quarter, compared to the consensus estimate of $383.23 million. The Hain Celestial Group had a negative return on equity of 1.15% and a negative net margin of 36.12%. As a group, analysts expect that The Hain Celestial Group will post 0.4 EPS for the current year.

Insider Activity

In other The Hain Celestial Group news, Director Carlyn R. Taylor sold 53,957 shares of the business’s stock in a transaction on Thursday, December 18th. The shares were sold at an average price of $1.17, for a total transaction of $63,129.69. Following the sale, the director owned 264,203 shares of the company’s stock, valued at $309,117.51. The trade was a 16.96% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.71% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Graham Capital Management L.P. purchased a new stake in shares of The Hain Celestial Group in the fourth quarter worth about $104,000. Mariner LLC lifted its stake in The Hain Celestial Group by 98.0% in the 4th quarter. Mariner LLC now owns 30,098 shares of the company’s stock worth $32,000 after purchasing an additional 14,895 shares in the last quarter. Nantahala Capital Management LLC boosted its holdings in The Hain Celestial Group by 117.6% in the 4th quarter. Nantahala Capital Management LLC now owns 6,528,789 shares of the company’s stock valued at $6,986,000 after purchasing an additional 3,528,789 shares during the period. Stifel Financial Corp purchased a new position in shares of The Hain Celestial Group during the 4th quarter valued at $36,000. Finally, Jacobs Levy Equity Management Inc. bought a new position in shares of The Hain Celestial Group in the fourth quarter worth $1,275,000. Hedge funds and other institutional investors own 97.01% of the company’s stock.

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.