The Hain Celestial Group, Inc. (NASDAQ:HAIN) Receives $2.76 Consensus PT from Brokerages

The Hain Celestial Group, Inc. (NASDAQ:HAIN) has earned a consensus recommendation of “Hold” from the twelve ratings firms that are presently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and one has given a buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $2.7556.

Several equities research analysts recently weighed in on HAIN shares. Mizuho decreased their price objective on The Hain Celestial Group from $2.50 to $1.50 and set a “neutral” rating for the company in a report on Tuesday, September 16th. Wall Street Zen upgraded shares of The Hain Celestial Group from a “sell” rating to a “hold” rating in a research note on Sunday, November 16th. Stephens lowered shares of The Hain Celestial Group from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $3.00 to $2.00 in a research report on Wednesday, September 17th. Barclays cut their price objective on shares of The Hain Celestial Group from $2.00 to $1.50 and set an “equal weight” rating for the company in a report on Wednesday, September 17th. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of The Hain Celestial Group in a research note on Tuesday, October 14th.

Institutional Trading of The Hain Celestial Group

A number of institutional investors have recently added to or reduced their stakes in the stock. Intech Investment Management LLC grew its holdings in The Hain Celestial Group by 14.2% during the 2nd quarter. Intech Investment Management LLC now owns 53,821 shares of the company’s stock valued at $82,000 after buying an additional 6,673 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in shares of The Hain Celestial Group by 26.1% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 41,118 shares of the company’s stock valued at $65,000 after acquiring an additional 8,505 shares during the period. Vanguard Personalized Indexing Management LLC grew its stake in The Hain Celestial Group by 45.0% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 30,067 shares of the company’s stock valued at $46,000 after acquiring an additional 9,335 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in The Hain Celestial Group by 16.2% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 67,194 shares of the company’s stock worth $102,000 after acquiring an additional 9,350 shares during the period. Finally, Grace & White Inc. NY lifted its stake in The Hain Celestial Group by 35.7% in the 2nd quarter. Grace & White Inc. NY now owns 38,000 shares of the company’s stock worth $58,000 after purchasing an additional 10,000 shares in the last quarter. Hedge funds and other institutional investors own 97.01% of the company’s stock.

The Hain Celestial Group Price Performance

The Hain Celestial Group stock opened at $1.15 on Tuesday. The business’s 50 day simple moving average is $1.21 and its 200 day simple moving average is $1.52. The Hain Celestial Group has a 12 month low of $1.00 and a 12 month high of $7.19. The company has a market cap of $104.16 million, a price-to-earnings ratio of -0.19 and a beta of 0.61. The company has a current ratio of 1.89, a quick ratio of 1.06 and a debt-to-equity ratio of 1.59.

The Hain Celestial Group (NASDAQ:HAIN) last issued its earnings results on Friday, November 7th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.04). The Hain Celestial Group had a negative net margin of 34.69% and a positive return on equity of 0.77%. The firm had revenue of $367.88 million during the quarter, compared to the consensus estimate of $361.09 million. Sell-side analysts forecast that The Hain Celestial Group will post 0.4 EPS for the current year.

About The Hain Celestial Group

The Hain Celestial Group, Inc manufactures, markets, and sells organic and natural products in United States, United Kingdom, Europe, and internationally. It operates through two segments: North America and International. The company offers infant formula; infant, toddler, and kids' food; plant-based beverages and frozen desserts, such as soy, rice, oat, and spelt; and condiments.