The Hain Celestial Group, Inc. (NASDAQ:HAIN) Given Average Rating of "Reduce" by Analysts

Key Points

• Analysts rate Hain Celestial “Reduce” on average: Two analysts recommend selling while five recommend holding, with an average 12-month price target of $0.9525. Jefferies also cut its target from $1.03 to $0.81.
• Recent results fell short of expectations: Hain reported a quarterly loss of $0.05 per share versus the expected $0.03 loss, while revenue of $263.07 million missed estimates of $278.04 million.
• The stock remains under pressure: Shares opened at $0.59, near their one-year low of $0.48, and the company reported a negative net margin of 22.53%. Institutional investors own approximately 97% of the stock.

The Hain Celestial Group, Inc. (NASDAQ:HAIN - Get Free Report) has earned an average rating of "Reduce" from the seven research firms that are presently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation and five have assigned a hold recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $0.9525.

Several analysts have recently commented on HAIN shares. 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. Weiss Ratings raised The Hain Celestial Group from a "sell (e)" rating to a "sell (e+)" rating in a report on Monday.

The Hain Celestial Group Price Performance

Shares of HAIN opened at $0.59 on Thursday. The company has a market capitalization of $53.24 million, a P/E ratio of -0.17 and a beta of 0.80. The Hain Celestial Group has a one year low of $0.48 and a one year high of $1.80. The business's 50 day simple moving average is $0.62 and its 200-day simple moving average is $0.68.

The Hain Celestial Group (NASDAQ:HAIN - Get Free Report) last released its quarterly earnings results on Monday, September 14th. The company reported ($0.05) earnings per share for the quarter, missing analysts' consensus estimates 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 business had revenue of $263.07 million for the quarter, compared to analyst estimates of $278.04 million. On average, sell-side analysts anticipate that The Hain Celestial Group will post 0.08 EPS for the current fiscal year.

Hedge Funds Weigh In On The Hain Celestial Group

Institutional investors have recently modified their holdings of the stock. Nantahala Capital Management LLC acquired a new position in shares of The Hain Celestial Group during the second quarter worth approximately $4,777,828. Empowered Funds LLC acquired a new stake in shares of The Hain Celestial Group in the second quarter valued at approximately $42,000. Public Employees Retirement System of Ohio bought a new position in The Hain Celestial Group in the 2nd quarter worth approximately $130,000. Bank of America Corp DE bought a new position in The Hain Celestial Group in the 2nd quarter worth approximately $50,000. Finally, Man Group plc acquired a new position in The Hain Celestial Group during the 2nd quarter worth $750,000. 97.01% of the stock is owned by institutional investors.

The Hain Celestial Group Company Profile

The Hain Celestial Group, Inc is a consumer packaged goods company focused on better-for-you products, including organic, natural, plant-based and specialty foods, as well as personal-care items. Its products are sold through grocery stores, mass retailers, natural-food retailers, e-commerce channels and other outlets.

The company's portfolio has included brands such as Earth's Best, Terra, Garden of Eatin', Celestial Seasonings, Alba Botanica, Avalon Organics and JASON. Its offerings span snacks, cereals, baby and toddler foods, teas, personal-care products and other grocery categories.

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