Shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN – Get Free Report) have been given a consensus rating of “Reduce” by the seven research firms that are currently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation and five have issued a hold recommendation on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $1.1250.
HAIN has been the topic of several research reports. William Blair lowered shares of The Hain Celestial Group from an “outperform” rating to a “market perform” rating in a research report on Thursday, April 9th. Weiss Ratings upgraded shares of The Hain Celestial Group from a “sell (e)” rating to a “sell (e+)” rating in a research report on Wednesday, June 3rd. Stephens lowered their price target on shares of The Hain Celestial Group from $2.00 to $1.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 17th. Wall Street Zen raised shares of The Hain Celestial Group from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. Finally, Barclays downgraded shares of The Hain Celestial Group from an “equal weight” rating to an “underweight” rating and reduced their price objective for the company from $1.50 to $0.50 in a research note on Monday, March 16th.
Check Out Our Latest Report on HAIN
The Hain Celestial Group Price Performance
The Hain Celestial Group (NASDAQ:HAIN – Get Free Report) last released its quarterly earnings results on Monday, May 11th. The company reported ($0.01) EPS for the quarter, beating the consensus estimate of ($0.02) by $0.01. The business had revenue of $338.36 million for 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%. As a group, sell-side analysts anticipate 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
Several institutional investors and hedge funds have recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC lifted its stake in shares of The Hain Celestial Group by 26.1% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 41,118 shares of the company’s stock valued at $65,000 after buying an additional 8,505 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake 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 valued at $102,000 after buying an additional 9,350 shares during the period. American Century Companies Inc. lifted its stake in shares of The Hain Celestial Group by 8.9% during the second quarter. American Century Companies Inc. now owns 124,721 shares of the company’s stock valued at $190,000 after buying an additional 10,200 shares during the period. Thrivent Financial for Lutherans lifted its stake 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 buying an additional 11,000 shares during the period. Finally, Blair William & Co. IL lifted its stake in shares of The Hain Celestial Group by 5.2% during the third quarter. Blair William & Co. IL now owns 249,838 shares of the company’s stock valued at $395,000 after buying an additional 12,327 shares during the period. Hedge funds and other 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.
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