Jefferies Financial Group Lowers The Hain Celestial Group (NASDAQ:HAIN) Price Target to $0.81

The Hain Celestial Group (NASDAQ:HAIN) had its price objective cut by equities research analysts at Jefferies Financial Group from $1.03 to $0.81 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm currently has a “hold” rating on the stock. Jefferies Financial Group’s target price would indicate a potential upside of 41.86% from the stock’s previous close.

Several other brokerages have also commented on HAIN. William Blair lowered The Hain Celestial Group from an “outperform” rating to a “market perform” rating in a research report on Thursday, April 9th. Weiss Ratings cut shares of The Hain Celestial Group from a “sell (e+)” rating to a “sell (e)” rating in a report on Wednesday, June 17th. Wall Street Zen upgraded shares of The Hain Celestial Group from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. Finally, Barclays cut The Hain Celestial Group from an “equal weight” rating to an “underweight” rating and dropped their price target for the stock from $1.50 to $0.50 in a research report on Monday, March 16th. Six research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Reduce” and an average price target of $1.06.

The Hain Celestial Group Trading Up 0.4%

HAIN stock traded up $0.00 during midday trading on Tuesday, hitting $0.57. The company had a trading volume of 842,283 shares, compared to its average volume of 1,579,179. The Hain Celestial Group has a 52 week low of $0.53 and a 52 week high of $2.17. The stock has a market cap of $51.53 million, a price-to-earnings ratio of -0.10 and a beta of 0.73. The stock’s 50 day moving average price is $0.69 and its 200 day moving average price is $0.86.

The Hain Celestial Group (NASDAQ:HAIN) last posted its quarterly earnings results on Monday, May 11th. The company reported ($0.01) EPS for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.01. The company had revenue of $338.36 million during the quarter, compared to analyst estimates of $341.99 million. The Hain Celestial Group had a negative net margin of 35.47% and a negative return on equity of 3.52%. Analysts predict that The Hain Celestial Group will post -0.16 earnings per share for the current year.

Hedge Funds Weigh In On The Hain Celestial Group

A number of institutional investors have recently bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position 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 worth $102,000 after acquiring an additional 9,350 shares during the last quarter. American Century Companies Inc. boosted its holdings in shares of The Hain Celestial Group by 8.9% during the 2nd 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 last quarter. Thrivent Financial for Lutherans grew its position 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. Blair William & Co. IL increased its holdings in shares of The Hain Celestial Group by 5.2% in the third quarter. Blair William & Co. IL now owns 249,838 shares of the company’s stock worth $395,000 after purchasing an additional 12,327 shares during the last quarter. Finally, Public Employees Retirement System of Ohio boosted its stake in The Hain Celestial Group by 6.1% during the first quarter. Public Employees Retirement System of Ohio now owns 220,200 shares of the company’s stock valued at $154,000 after buying an additional 12,654 shares during the last quarter. 97.01% of the stock is owned by institutional investors.

About The Hain Celestial Group

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.