The Hain Celestial Group, Inc. (NASDAQ:HAIN) Stock Has Average Target Price of $0.90 According to Analysts

The Hain Celestial Group, Inc. (NASDAQ:HAIN) has been assigned an average recommendation of “Reduce” from the seven research firms that are currently covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $0.90.

Several analysts have commented on the stock. Weiss Ratings upgraded shares of The Hain Celestial Group from a “sell (e)” rating to a “sell (e+)” rating in a report on Monday, September 14th. Barclays cut their price target on shares of The Hain Celestial Group from $0.50 to $0.30 and set an “underweight” rating on the stock in a research note on Friday, October 16th. Wall Street Zen cut shares of The Hain Celestial Group from a “hold” rating to a “sell” rating in a report on Saturday, September 26th. Finally, Zacks Research downgraded shares of The Hain Celestial Group from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 21st.

The Hain Celestial Group Stock Performance

NASDAQ:HAIN opened at $0.15 on Friday. The Hain Celestial Group has a 1 year low of $0.12 and a 1 year high of $1.48. The stock has a 50-day moving average price of $0.45 and a two-hundred day moving average price of $0.67. The stock has a market cap of $13.60 million, a price-to-earnings ratio of -0.04 and a beta of 1.04.

The Hain Celestial Group (NASDAQ:HAIN) last released its quarterly earnings results on Monday, September 14th. The company reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.02). The Hain Celestial Group had a negative return on equity of 5.45% and a negative net margin of 22.53%. The business had revenue of $263.07 million for the quarter, compared to analyst estimates of $261.24 million. Sell-side analysts forecast that The Hain Celestial Group will post 0.01 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Empowered Funds LLC acquired a new stake in The Hain Celestial Group in the 2nd quarter valued at approximately $42,000. Rockefeller Capital Management L.P. lifted its stake in The Hain Celestial Group by 26,624.2% in the 4th quarter. Rockefeller Capital Management L.P. now owns 83,914 shares of the company’s stock valued at $90,000 after acquiring an additional 83,600 shares in the last quarter. Bank of New York Mellon Corp bought a new stake in The Hain Celestial Group in the 2nd quarter valued at approximately $50,000. Bank of America Corp DE acquired a new position in The Hain Celestial Group during the 2nd quarter worth approximately $50,000. Finally, Hsbc Holdings PLC acquired a new position in The Hain Celestial Group during the 2nd quarter worth approximately $52,000. 97.01% of the stock is currently owned by institutional investors.

About The Hain Celestial Group

The Hain Celestial Group, Inc is a natural and organic products company that develops, markets and distributes food, beverage and personal-care products. Its portfolio includes plant-based foods, snacks, pantry staples, beverages, baby and children’s products, and personal-care items sold through grocery stores, mass retailers, specialty retailers, e-commerce channels and other outlets.

The company’s brands have included Celestial Seasonings, Earth’s Best, Terra, Garden of Eatin’, Sensible Portions, Imagine, Alba Botanica, Avalon Organics and JASON.