The Hain Celestial Group, Inc. (NASDAQ:HAIN) Receives $2.53 Consensus Price Target from Analysts

Shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN) have been assigned an average rating of “Hold” from the thirteen research firms that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, eleven have assigned a hold recommendation and one has given a buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $2.53.

A number of equities research analysts have issued reports on the company. DA Davidson reiterated a “neutral” rating and issued a $1.50 target price on shares of The Hain Celestial Group in a research note on Tuesday, February 3rd. Weiss Ratings restated a “sell (e+)” rating on shares of The Hain Celestial Group in a research report on Friday, January 9th. Zacks Research raised shares of The Hain Celestial Group from a “strong sell” rating to a “hold” rating in a report on Wednesday, February 4th. Stephens cut their price objective on shares of The Hain Celestial Group from $2.00 to $1.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 17th. Finally, Wall Street Zen lowered shares of The Hain Celestial Group from a “hold” rating to a “sell” rating in a research note on Saturday, February 21st.

The Hain Celestial Group Trading Down 3.4%

NASDAQ:HAIN opened at $0.68 on Friday. The stock has a 50 day moving average of $1.04 and a 200-day moving average of $1.27. The firm has a market capitalization of $61.97 million, a PE ratio of -0.11 and a beta of 0.65. The Hain Celestial Group has a 52 week low of $0.66 and a 52 week high of $4.84.

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

Insider Buying and Selling at The Hain Celestial Group

In other news, Director Carlyn R. Taylor sold 53,957 shares of The Hain Celestial Group stock in a transaction that occurred on Thursday, December 18th. The stock was 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 approximately $309,117.51. The trade was a 16.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 1.71% of the company’s stock.

Institutional Trading of The Hain Celestial Group

Several large investors have recently added to or reduced their stakes in HAIN. Intech Investment Management LLC raised its stake 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 acquiring an additional 6,673 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its stake 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 worth $65,000 after purchasing an additional 8,505 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of The Hain Celestial Group by 16.2% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 67,194 shares of the company’s stock valued at $102,000 after purchasing an additional 9,350 shares during the period. American Century Companies Inc. increased its holdings in shares of The Hain Celestial Group by 8.9% during the second quarter. American Century Companies Inc. now owns 124,721 shares of the company’s stock valued at $190,000 after purchasing an additional 10,200 shares during the period. Finally, Thrivent Financial for Lutherans raised its stake in shares of The Hain Celestial Group by 104.8% during the second quarter. Thrivent Financial for Lutherans now owns 21,500 shares of the company’s stock valued at $32,000 after purchasing an additional 11,000 shares in the last quarter. 97.01% of the stock is currently owned by institutional investors and hedge funds.

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.