The Hain Celestial Group, Inc. (NASDAQ:HAIN) Stock Rated “Reduce” by Wall Street Brokerages

Shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN) have been assigned an average rating of “Reduce” from the seven ratings firms that are presently covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation and five 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 $0.90.

HAIN has been the topic of several analyst reports. Wall Street Zen lowered shares of The Hain Celestial Group from a “hold” rating to a “sell” rating in a report on Saturday, September 26th. Weiss Ratings raised The Hain Celestial Group from a “sell (e)” rating to a “sell (e+)” rating in a research report on Monday, September 14th. 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 note on Tuesday, July 7th. Finally, Barclays lowered their price target on The Hain Celestial Group from $0.50 to $0.30 and set an “underweight” rating for the company in a report on Friday.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Nantahala Capital Management LLC purchased a new stake in shares of The Hain Celestial Group in the 2nd quarter valued at $4,777,828. BlackRock Inc. acquired a new position in The Hain Celestial Group during the second quarter valued at $1,624,000. Man Group plc purchased a new stake in The Hain Celestial Group in the second quarter valued at $750,000. Assenagon Asset Management S.A. grew its holdings in 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 worth $850,000 after acquiring an additional 900,831 shares during the period. Finally, Solas Capital Management LLC purchased a new position in The Hain Celestial Group during the second quarter valued at approximately $480,000. Hedge funds and other institutional investors own 97.01% of the company’s stock.

The Hain Celestial Group Price Performance

Shares of NASDAQ HAIN opened at $0.24 on Monday. The Hain Celestial Group has a 1-year low of $0.20 and a 1-year high of $1.64. The business has a fifty day moving average price of $0.60 and a 200 day moving average price of $0.65. The stock has a market capitalization of $21.48 million, a P/E ratio of -0.07 and a beta of 0.95.

The Hain Celestial Group (NASDAQ:HAIN) last posted its earnings results on Monday, September 14th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.02). The Hain Celestial Group had a negative net margin of 22.53% and a negative return on equity of 5.45%. The company had revenue of $263.07 million during the quarter, compared to analysts’ expectations of $261.24 million. As a group, equities research analysts anticipate that The Hain Celestial Group will post 0.01 earnings per share for the current fiscal year.

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.