The Hain Celestial Group, Inc. (NASDAQ:HAIN) Given Average Recommendation of "Hold" by Brokerages

The Hain Celestial Group, Inc. (NASDAQ:HAIN - Get Free Report) has earned an average recommendation of "Hold" from the ten analysts that are currently covering the company, MarketBeat.com reports. Nine investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $4.61.

A number of equities analysts have commented on HAIN shares. JPMorgan Chase & Co. dropped their target price on shares of The Hain Celestial Group from $6.00 to $5.00 and set a "neutral" rating on the stock in a research note on Friday, March 14th. Barclays dropped their price objective on The Hain Celestial Group from $5.00 to $4.00 and set an "equal weight" rating on the stock in a research note on Monday, April 14th. Mizuho reduced their price objective on The Hain Celestial Group from $7.00 to $4.50 and set a "neutral" rating on the stock in a report on Tuesday, February 11th. Stifel Nicolaus lowered their target price on The Hain Celestial Group from $4.00 to $1.50 and set a "hold" rating for the company in a report on Thursday. Finally, Evercore ISI dropped their price objective on shares of The Hain Celestial Group from $6.00 to $5.00 and set an "in-line" rating on the stock in a research note on Wednesday, April 23rd.

The Hain Celestial Group Trading Down 1.0 %

Shares of NASDAQ HAIN traded down $0.02 during midday trading on Monday, hitting $1.53. The company's stock had a trading volume of 1,050,810 shares, compared to its average volume of 2,559,500. The business's 50 day moving average is $3.47 and its two-hundred day moving average is $5.37. The Hain Celestial Group has a 12-month low of $1.30 and a 12-month high of $9.43. The company has a current ratio of 1.90, a quick ratio of 1.00 and a debt-to-equity ratio of 0.90. The firm has a market cap of $137.63 million, a P/E ratio of -0.79 and a beta of 1.05.

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

Hedge Funds Weigh In On The Hain Celestial Group

Several institutional investors and hedge funds have recently bought and sold shares of the company. Wealthfront Advisers LLC purchased a new position in The Hain Celestial Group during the 4th quarter worth $370,371,000. Invesco Ltd. grew its stake in shares of The Hain Celestial Group by 272.4% during the fourth quarter. Invesco Ltd. now owns 5,870,075 shares of the company's stock worth $36,101,000 after acquiring an additional 4,293,945 shares during the last quarter. Wellington Management Group LLP acquired a new position in shares of The Hain Celestial Group during the fourth quarter valued at about $14,322,000. Frontier Capital Management Co. LLC raised its position in shares of The Hain Celestial Group by 512.0% in the 4th quarter. Frontier Capital Management Co. LLC now owns 2,520,722 shares of the company's stock valued at $15,502,000 after purchasing an additional 2,108,845 shares during the last quarter. Finally, Raiffeisen Bank International AG acquired a new stake in The Hain Celestial Group in the 4th quarter worth approximately $12,619,000. 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.