Brokerages Set The Hain Celestial Group, Inc. (NASDAQ:HAIN) PT at $1.06

Shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN) have been assigned an average rating of “Reduce” from the eight brokerages that are presently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation and six have given a hold recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $1.0620.

HAIN has been the topic of several recent analyst reports. 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. Weiss Ratings upgraded The Hain Celestial Group from a “sell (e)” rating to a “sell (e+)” rating in a research note on Tuesday, August 11th. Finally, Jefferies Financial Group lowered their price objective on The Hain Celestial Group from $1.03 to $0.81 and set a “hold” rating for the company in a research report on Tuesday, July 7th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in HAIN. AQR Capital Management LLC raised its holdings in shares of The Hain Celestial Group by 151.1% in the 1st quarter. AQR Capital Management LLC now owns 1,066,048 shares of the company’s stock valued at $4,424,000 after purchasing an additional 641,567 shares in the last quarter. Millennium Management LLC grew its stake in shares of The Hain Celestial Group by 295.4% during the first quarter. Millennium Management LLC now owns 4,731,690 shares of the company’s stock worth $19,637,000 after purchasing an additional 3,535,073 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in shares of The Hain Celestial Group during the first quarter worth $162,000. Empowered Funds LLC purchased a new position in The Hain Celestial Group in the first quarter valued at $444,000. Finally, Cetera Investment Advisers increased its holdings in The Hain Celestial Group by 255.1% in the second quarter. Cetera Investment Advisers now owns 43,876 shares of the company’s stock valued at $67,000 after buying an additional 31,521 shares during the last quarter. Institutional investors and hedge funds own 97.01% of the company’s stock.

The Hain Celestial Group Stock Performance

Shares of The Hain Celestial Group stock opened at $0.73 on Friday. The stock has a 50 day moving average of $0.59 and a 200 day moving average of $0.70. The firm has a market capitalization of $66.05 million, a price-to-earnings ratio of -0.13 and a beta of 0.72. The Hain Celestial Group has a fifty-two week low of $0.48 and a fifty-two week high of $2.17.

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.