Barclays Issues Pessimistic Forecast for The Hain Celestial Group (NASDAQ:HAIN) Stock Price

The Hain Celestial Group (NASDAQ:HAIN - Free Report) had its target price decreased by Barclays from $4.00 to $2.00 in a research report released on Monday morning,Benzinga reports. Barclays currently has an equal weight rating on the stock.

HAIN has been the subject of several other research reports. CL King reiterated a "neutral" rating on shares of The Hain Celestial Group in a report on Thursday, May 8th. JPMorgan Chase & Co. lowered their price objective on shares of The Hain Celestial Group from $6.00 to $5.00 and set a "neutral" rating on the stock in a research report on Friday, March 14th. Maxim Group lowered their price target on shares of The Hain Celestial Group from $10.00 to $5.00 and set a "buy" rating on the stock in a research report on Thursday, May 8th. Evercore ISI reduced their price objective on shares of The Hain Celestial Group from $6.00 to $5.00 and set an "in-line" rating for the company in a research note on Wednesday, April 23rd. Finally, Sanford C. Bernstein cut shares of The Hain Celestial Group from an "outperform" rating to a "market perform" rating and set a $1.50 price objective for the company. in a research note on Thursday, May 8th. Nine equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $4.39.

The Hain Celestial Group Stock Up 9.4%

Shares of The Hain Celestial Group stock traded up $0.17 during trading hours on Monday, reaching $1.97. The company's stock had a trading volume of 4,015,776 shares, compared to its average volume of 1,720,521. The Hain Celestial Group has a one year low of $1.30 and a one year high of $9.43. The company has a market capitalization of $177.80 million, a P/E ratio of -1.02 and a beta of 1.05. The stock's fifty day simple moving average is $3.18 and its two-hundred day simple moving average is $5.09. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.00 and a current ratio of 1.90.

The Hain Celestial Group (NASDAQ:HAIN - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The company reported $0.07 earnings per share for the quarter, missing analysts' consensus estimates of $0.12 by ($0.05). The Hain Celestial Group had a negative net margin of 10.51% and a positive return on equity of 2.88%. The business had revenue of $390.35 million during the quarter, compared to the consensus estimate of $414.45 million. During the same period last year, the business posted $0.13 earnings per share. The firm's quarterly revenue was down 10.9% on a year-over-year basis. On average, research analysts forecast that The Hain Celestial Group will post 0.4 earnings per share for the current year.

Insider Activity at The Hain Celestial Group

In other The Hain Celestial Group news, Director Dawn M. Zier bought 200,000 shares of The Hain Celestial Group stock in a transaction dated Friday, May 9th. The shares were purchased at an average cost of $1.60 per share, with a total value of $320,000.00. Following the transaction, the director now directly owns 288,229 shares of the company's stock, valued at $461,166.40. This represents a 226.68% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Celeste A. Clark bought 83,000 shares of The Hain Celestial Group stock in a transaction dated Tuesday, May 13th. The stock was acquired at an average cost of $1.79 per share, for a total transaction of $148,570.00. Following the completion of the transaction, the director now directly owns 83,000 shares in the company, valued at approximately $148,570. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought 286,200 shares of company stock worth $481,498 in the last three months. 0.83% of the stock is owned by insiders.

Institutional Trading of The Hain Celestial Group

Institutional investors have recently bought and sold shares of the company. Signaturefd LLC grew its position in The Hain Celestial Group by 174.5% during the 1st quarter. Signaturefd LLC now owns 6,858 shares of the company's stock valued at $28,000 after purchasing an additional 4,360 shares during the last quarter. Van ECK Associates Corp grew its position in The Hain Celestial Group by 49.0% during the 4th quarter. Van ECK Associates Corp now owns 10,805 shares of the company's stock valued at $66,000 after purchasing an additional 3,554 shares during the last quarter. Virtu Financial LLC purchased a new stake in shares of The Hain Celestial Group during the 4th quarter valued at about $73,000. Wedmont Private Capital purchased a new stake in shares of The Hain Celestial Group during the 1st quarter valued at about $52,000. Finally, Brooklyn Investment Group boosted its holdings in shares of The Hain Celestial Group by 6,315.1% during the 1st quarter. Brooklyn Investment Group now owns 12,766 shares of the company's stock valued at $53,000 after acquiring an additional 12,567 shares during the last quarter. 97.01% of the stock is owned by hedge funds and other institutional investors.

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.