The Hain Celestial Group, Inc. (NASDAQ:HAIN) Receives $0.95 Average PT from Analysts

Shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN) have earned a consensus recommendation of “Reduce” from the seven ratings firms that are covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation and five have given a hold recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $0.9525.

HAIN has been the topic of several research analyst reports. Weiss Ratings raised 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 dropped their price objective on shares of The Hain Celestial Group from $1.03 to $0.81 and set a “hold” rating on the stock in a report on Tuesday, July 7th.

Institutional Trading of The Hain Celestial Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HAIN. Nantahala Capital Management LLC bought a new position in The Hain Celestial Group in the second quarter worth approximately $4,777,828. BlackRock Inc. bought a new stake in shares of The Hain Celestial Group during the second quarter valued at approximately $1,624,000. Assenagon Asset Management S.A. increased its holdings in shares of The Hain Celestial Group by 283.4% during the first quarter. Assenagon Asset Management S.A. now owns 1,218,733 shares of the company’s stock valued at $850,000 after acquiring an additional 900,831 shares in the last quarter. Man Group plc bought a new stake in shares of The Hain Celestial Group during the second quarter valued at approximately $750,000. Finally, Solas Capital Management LLC acquired a new position in shares of The Hain Celestial Group during the second quarter worth approximately $480,000. 97.01% of the stock is owned by institutional investors.

The Hain Celestial Group Stock Performance

Shares of HAIN stock opened at $0.56 on Thursday. The company has a market cap of $50.99 million, a P/E ratio of -0.17 and a beta of 0.80. The stock has a 50 day simple moving average of $0.62 and a two-hundred day simple moving average of $0.68. The Hain Celestial Group has a fifty-two week low of $0.48 and a fifty-two week high of $1.80.

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

About The Hain Celestial Group

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.