The Hain Celestial Group, Inc. (NASDAQ:HAIN – Get Free Report) has received an average rating of “Reduce” from the eight research firms that are 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 target price among brokers that have updated their coverage on the stock in the last year is $1.0620.
A number of equities analysts have weighed in on HAIN shares. Weiss Ratings downgraded The Hain Celestial Group from a “sell (e+)” rating to a “sell (e)” rating in a research report on Friday, July 24th. Wall Street Zen raised The Hain Celestial Group from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. William Blair downgraded The Hain Celestial Group from an “outperform” rating to a “market perform” rating in a research note on Thursday, April 9th. Finally, Jefferies Financial Group decreased their target price on The Hain Celestial Group from $1.03 to $0.81 and set a “hold” rating on the stock in a report on Tuesday, July 7th.
View Our Latest Analysis on The Hain Celestial Group
The Hain Celestial Group Price Performance
The Hain Celestial Group (NASDAQ:HAIN – Get Free Report) last issued its earnings results on Monday, May 11th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.01. The Hain Celestial Group had a negative net margin of 35.47% and a negative return on equity of 3.52%. The company had revenue of $338.36 million for the quarter, compared to analysts’ expectations of $341.99 million. As a group, analysts expect that The Hain Celestial Group will post -0.15 EPS for the current year.
Hedge Funds Weigh In On The Hain Celestial Group
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Coldstream Capital Management Inc. acquired a new position in shares of The Hain Celestial Group in the third quarter valued at $29,000. Thrivent Financial for Lutherans lifted its stake in shares of The Hain Celestial Group by 104.8% during the 2nd quarter. Thrivent Financial for Lutherans now owns 21,500 shares of the company’s stock worth $32,000 after buying an additional 11,000 shares during the last quarter. Mariner LLC lifted its stake in shares of The Hain Celestial Group by 98.0% during the 4th quarter. Mariner LLC now owns 30,098 shares of the company’s stock worth $32,000 after buying an additional 14,895 shares during the last quarter. Stifel Financial Corp bought a new stake in shares of The Hain Celestial Group during the 4th quarter worth about $36,000. Finally, Amundi bought a new stake in shares of The Hain Celestial Group during the 4th quarter worth about $37,000. 97.01% of the stock is owned by institutional investors.
About The Hain Celestial Group
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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