The Hain Celestial Group, Inc. (NASDAQ:HAIN) Receives $2.76 Consensus Price Target from Analysts

The Hain Celestial Group, Inc. (NASDAQ:HAIN) has been given an average recommendation of “Reduce” by the twelve brokerages that are currently covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has given a buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $2.7556.

A number of research firms have weighed in on HAIN. Zacks Research downgraded The Hain Celestial Group from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 6th. Barclays reduced their price target on shares of The Hain Celestial Group from $2.00 to $1.50 and set an “equal weight” rating for the company in a research report on Wednesday, September 17th. Wall Street Zen raised shares of The Hain Celestial Group from a “sell” rating to a “hold” rating in a report on Sunday, November 16th. Mizuho cut their target price on shares of The Hain Celestial Group from $2.50 to $1.50 and set a “neutral” rating for the company in a research report on Tuesday, September 16th. Finally, Stephens downgraded shares of The Hain Celestial Group from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $3.00 to $2.00 in a research report on Wednesday, September 17th.

The Hain Celestial Group Trading Up 0.8%

NASDAQ:HAIN opened at $1.19 on Friday. The company has a current ratio of 1.89, a quick ratio of 1.06 and a debt-to-equity ratio of 1.59. The Hain Celestial Group has a 12 month low of $1.00 and a 12 month high of $5.66. The company has a market cap of $107.78 million, a PE ratio of -0.20 and a beta of 0.59. The company has a 50 day simple moving average of $1.14 and a two-hundred day simple moving average of $1.45.

The Hain Celestial Group (NASDAQ:HAIN) last released its quarterly earnings results on Friday, November 7th. The company reported ($0.08) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.04). The firm had revenue of $367.88 million for the quarter, compared to the consensus estimate of $361.09 million. The Hain Celestial Group had a negative net margin of 34.69% and a positive return on equity of 0.77%. Research analysts forecast that The Hain Celestial Group will post 0.4 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Carlyn R. Taylor sold 53,957 shares of The Hain Celestial Group stock in a transaction 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 transaction, the director directly owned 264,203 shares in the company, 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.71% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. AQR Capital Management LLC increased its holdings in shares of The Hain Celestial Group by 151.1% during the 1st quarter. AQR Capital Management LLC now owns 1,066,048 shares of the company’s stock worth $4,424,000 after buying an additional 641,567 shares during the last quarter. Millennium Management LLC increased its stake in 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 acquiring an additional 3,535,073 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in The Hain Celestial Group in the first quarter valued at $162,000. Empowered Funds LLC acquired a new position in shares of The Hain Celestial Group in the 1st quarter valued at $444,000. Finally, Inspire Investing LLC grew its holdings in shares of The Hain Celestial Group by 24.3% during the 1st quarter. Inspire Investing LLC now owns 81,122 shares of the company’s stock worth $337,000 after purchasing an additional 15,851 shares during the period. Institutional investors own 97.01% of the company’s stock.

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.