The Hain Celestial Group, Inc. (HAIN) - What Are Brokerages Saying About This Stock?

Key Points

• Broker sentiment is negative: Hain Celestial has a consensus “Reduce” rating, with two sells and five holds. The average 12-month price target is $0.95, while Jefferies lowered its target to $0.81.
• Shares remain under pressure: HAIN opened at $0.55, near its 52-week low of $0.48, with a market capitalization of approximately $50.4 million.
• Recent earnings missed expectations: The company reported a quarterly loss of $0.05 per share versus the $0.03 expected, despite revenue of $263.1 million exceeding estimates. Institutional investors own approximately 97% of the stock.

Shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN - Get Free Report) have received a consensus rating of "Reduce" from the seven research firms that are presently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating and five have issued a hold rating on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $0.95.

Several equities analysts have weighed in on HAIN shares. Jefferies Financial Group dropped their price objective on The Hain Celestial Group from $1.03 to $0.81 and set a "hold" rating on the stock in a research note on Tuesday, July 7th. Wall Street Zen downgraded shares of The Hain Celestial Group from a "hold" rating to a "sell" rating in a report on Saturday, September 26th. Finally, Weiss Ratings upgraded shares of The Hain Celestial Group from a "sell (e)" rating to a "sell (e+)" rating in a research note on Monday, September 14th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio boosted its stake in shares of The Hain Celestial Group by 6.1% in the 1st quarter. Public Employees Retirement System of Ohio now owns 220,200 shares of the company's stock worth $154,000 after buying an additional 12,654 shares during the last quarter. Gabelli Funds LLC increased its position in shares of The Hain Celestial Group by 126.2% during the first quarter. Gabelli Funds LLC now owns 121,000 shares of the company's stock valued at $84,000 after acquiring an additional 67,500 shares during the last quarter. GatePass Capital LLC increased its position in shares of The Hain Celestial Group by 37.6% during the first quarter. GatePass Capital LLC now owns 259,700 shares of the company's stock valued at $181,000 after acquiring an additional 71,000 shares during the last quarter. Empowered Funds LLC bought a new stake in The Hain Celestial Group during the second quarter worth $42,000. Finally, Rockefeller Capital Management L.P. lifted its holdings in The Hain Celestial Group by 26,624.2% during the fourth quarter. Rockefeller Capital Management L.P. now owns 83,914 shares of the company's stock worth $90,000 after acquiring an additional 83,600 shares during the period. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

The Hain Celestial Group Price Performance

HAIN stock opened at $0.55 on Monday. The Hain Celestial Group has a twelve month low of $0.48 and a twelve month high of $1.64. The stock's 50 day moving average is $0.61 and its 200-day moving average is $0.66. The firm has a market capitalization of $50.37 million, a PE ratio of -0.16 and a beta of 0.95.

The Hain Celestial Group (NASDAQ:HAIN - Get Free Report) last announced its earnings results on Monday, September 14th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.02). The Hain Celestial Group had a negative net margin of 22.53% and a negative return on equity of 5.45%. The company had revenue of $263.07 million for the quarter, compared to analysts' expectations of $261.24 million. On average, equities research analysts anticipate that The Hain Celestial Group will post 0.01 earnings per share for the current fiscal year.

About The Hain Celestial Group

The Hain Celestial Group, Inc is a consumer products company focused on better-for-you, natural and organic foods, beverages and personal care products. Its portfolio includes pantry staples, snacks, plant-based foods, teas, infant and children's foods, and personal care products.

The company's brands have included Celestial Seasonings, Earth's Best, Terra, Garden of Eatin', Imagine, Sensible Portions, The Greek Gods, Alba Botanica, Avalon Organics and Jason. Products are sold through grocery stores, mass retailers, club stores, natural-food retailers, e-commerce channels and other outlets.

Founded in 1993 by Irwin Simon, Hain Celestial expanded through brand development and acquisitions, including its combination with Celestial Seasonings in 2000.

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