Barclays Issues Pessimistic Forecast for The Hain Celestial Group (NASDAQ:HAIN) Stock Price

The Hain Celestial Group (NASDAQ:HAIN) had its target price dropped by Barclays from $0.50 to $0.30 in a note issued to investors on Friday, Benzinga reports. The firm currently has an “underweight” rating on the stock. Barclays‘s price target would suggest a potential upside of 26.05% from the stock’s current price.

Several other research firms have also recently issued reports on HAIN. Wall Street Zen cut shares of The Hain Celestial Group from a “hold” rating to a “sell” rating in a research note on Saturday, September 26th. Jefferies Financial Group reduced their price target 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. Finally, Weiss Ratings upgraded shares of The Hain Celestial Group from a “sell (e)” rating to a “sell (e+)” rating in a research report on Monday, September 14th. Five research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus price target of $0.90.

The Hain Celestial Group Stock Performance

Shares of HAIN traded down $0.04 during trading hours on Friday, hitting $0.24. The company had a trading volume of 5,436,175 shares, compared to its average volume of 1,585,924. The firm has a fifty day moving average price of $0.61 and a 200-day moving average price of $0.66. The stock has a market capitalization of $21.66 million, a price-to-earnings ratio of -0.07 and a beta of 0.95. The Hain Celestial Group has a 52-week low of $0.20 and a 52-week high of $1.64.

The Hain Celestial Group (NASDAQ:HAIN) last announced its quarterly earnings data on Monday, September 14th. The company reported ($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.02). The firm had revenue of $263.07 million during the quarter, compared to analysts’ expectations 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%. Research analysts anticipate that The Hain Celestial Group will post 0.01 earnings per share for the current fiscal year.

Institutional Trading of The Hain Celestial Group

Large investors have recently modified their holdings of the company. Empowered Funds LLC purchased a new stake in The Hain Celestial Group during the second quarter valued at $42,000. Rockefeller Capital Management L.P. lifted its holdings in 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 acquiring an additional 83,600 shares during the period. Bank of New York Mellon Corp bought a new position in The Hain Celestial Group in the second quarter valued at about $50,000. Bank of America Corp DE purchased a new position in The Hain Celestial Group in the second quarter worth about $50,000. Finally, Hsbc Holdings PLC purchased a new position in The Hain Celestial Group in the second quarter worth about $52,000. Institutional investors own 97.01% of the company’s stock.

The Hain Celestial Group Company Profile

The Hain Celestial Group, Inc is a consumer products company focused on better-for-you, natural and organic foods, beverages and personal care products. Its portfolio includes pantry staples, snacks, plant-based foods, teas, infant and children’s foods, and personal care products.

The company’s brands have included Celestial Seasonings, Earth’s Best, Terra, Garden of Eatin’, Imagine, Sensible Portions, The Greek Gods, Alba Botanica, Avalon Organics and Jason. Products are sold through grocery stores, mass retailers, club stores, natural-food retailers, e-commerce channels and other outlets.

Founded in 1993 by Irwin Simon, Hain Celestial expanded through brand development and acquisitions, including its combination with Celestial Seasonings in 2000.