The Hain Celestial Group, Inc. (NASDAQ:HAIN) Receives Average Rating of “Reduce” from Analysts

Shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN) have received a consensus rating of “Reduce” from the thirteen ratings firms that are covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and one has issued a buy rating on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $3.28.

Several analysts have recently commented on HAIN shares. Barclays decreased their price target on shares of The Hain Celestial Group from $2.00 to $1.50 and set an “equal weight” rating on the stock in a research note on Wednesday, September 17th. Mizuho cut their target price on shares of The Hain Celestial Group from $2.50 to $1.50 and set a “neutral” rating on the stock in a report on Tuesday, September 16th. Weiss Ratings reiterated a “sell (e)” rating on shares of The Hain Celestial Group in a report on Saturday, September 27th. Zacks Research downgraded shares of The Hain Celestial Group from a “hold” rating to a “strong sell” rating in a research report on Wednesday, September 17th. Finally, Wall Street Zen downgraded shares of The Hain Celestial Group from a “hold” rating to a “sell” rating in a research report on Saturday, September 20th.

Insider Transactions at The Hain Celestial Group

In other news, Director Neil Campbell acquired 62,640 shares of the firm’s stock in a transaction dated Friday, September 19th. The stock was bought at an average price of $1.52 per share, with a total value of $95,212.80. Following the transaction, the director directly owned 125,569 shares in the company, valued at approximately $190,864.88. The trade was a 99.54% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Alison Lewis acquired 44,895 shares of the firm’s stock in a transaction dated Friday, September 19th. The stock was purchased at an average cost of $1.50 per share, with a total value of $67,342.50. Following the transaction, the chief executive officer owned 74,895 shares in the company, valued at approximately $112,342.50. This trade represents a 149.65% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders bought 137,535 shares of company stock valued at $207,255. Insiders own 1.71% of the company’s stock.

Institutional Trading of The Hain Celestial Group

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Allianz Asset Management GmbH grew its holdings in shares of The Hain Celestial Group by 1.3% during the 1st quarter. Allianz Asset Management GmbH now owns 294,715 shares of the company’s stock valued at $1,223,000 after purchasing an additional 3,715 shares during the last quarter. Signaturefd LLC lifted its position in shares of The Hain Celestial Group by 174.5% in the 1st quarter. Signaturefd LLC now owns 6,858 shares of the company’s stock worth $28,000 after purchasing an additional 4,360 shares during the period. Cerity Partners LLC lifted its position in shares of The Hain Celestial Group by 50.8% in the 1st quarter. Cerity Partners LLC now owns 16,708 shares of the company’s stock worth $69,000 after purchasing an additional 5,625 shares during the period. Intech Investment Management LLC lifted its position in shares of 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 during the period. Finally, Wealth Enhancement Advisory Services LLC lifted its position in shares of The Hain Celestial Group by 45.6% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 23,592 shares of the company’s stock valued at $98,000 after acquiring an additional 7,389 shares during the period. Institutional investors and hedge funds own 97.01% of the company’s stock.

The Hain Celestial Group Price Performance

HAIN opened at $1.42 on Thursday. The Hain Celestial Group has a one year low of $1.30 and a one year high of $9.43. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.91 and a quick ratio of 1.02. The company’s 50 day simple moving average is $1.69 and its 200-day simple moving average is $2.09. The stock has a market capitalization of $128.21 million, a P/E ratio of -0.24 and a beta of 0.82.

The Hain Celestial Group (NASDAQ:HAIN) last released its quarterly earnings results on Monday, September 15th. The company reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.04 by ($0.06). The Hain Celestial Group had a negative net margin of 34.03% and a positive return on equity of 1.10%. The company had revenue of $363.35 million for the quarter, compared to the consensus estimate of $371.58 million. During the same period last year, the company earned $0.13 earnings per share. The Hain Celestial Group’s revenue for the quarter was down 13.4% compared to the same quarter last year. Sell-side analysts anticipate that The Hain Celestial Group will post 0.4 earnings per share for the current fiscal 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.