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

Key Points

• The Hain Celestial Group has received a consensus rating of "Hold" from twelve research firms, with one sell rating, ten hold ratings, and one buy rating, and an average 1-year price target of $3.28.
• Recent earnings results showed a loss of ($0.02) EPS, missing expectations, and a significant 13.4% decline in quarterly revenue compared to the previous year.
• Insider trading activity included substantial purchases, with the Director and CEO increasing their ownership stakes dramatically by 99.54% and 149.65%, respectively.

Shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN - Get Free Report) have earned an average rating of "Hold" from the twelve research firms that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and one has issued a buy rating on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $3.28.

Several research analysts have weighed in on HAIN shares. Zacks Research downgraded The Hain Celestial Group from a "hold" rating to a "strong sell" rating in a research note on Wednesday, September 17th. Mizuho lowered their target price on The Hain Celestial Group from $2.50 to $1.50 and set a "neutral" rating on the stock in a research note on Tuesday, September 16th. Barclays lowered their target price on The Hain Celestial Group from $2.00 to $1.50 and set an "equal weight" rating on the stock in a research note on Wednesday, September 17th. Stephens downgraded The Hain Celestial Group from an "overweight" rating to an "equal weight" rating and lowered their target price for the company from $3.00 to $2.00 in a research note on Wednesday, September 17th. Finally, Wall Street Zen downgraded The Hain Celestial Group from a "hold" rating to a "sell" rating in a research note on Saturday, September 20th.

The Hain Celestial Group Price Performance

Shares of NASDAQ HAIN opened at $1.56 on Thursday. The stock's 50-day simple moving average is $1.72 and its 200-day simple moving average is $2.18. The firm has a market capitalization of $140.85 million, a PE ratio of -0.26 and a beta of 0.82. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.02 and a current ratio of 1.91. The Hain Celestial Group has a fifty-two week low of $1.30 and a fifty-two week high of $9.43.

The Hain Celestial Group (NASDAQ:HAIN - Get Free Report) last released its quarterly earnings results on Monday, September 15th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.04 by ($0.06). The firm had revenue of $363.35 million for the quarter, compared to analysts' expectations of $371.58 million. The Hain Celestial Group had a positive return on equity of 1.10% and a negative net margin of 34.03%.The company's quarterly revenue was down 13.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.13 EPS. As a group, equities research analysts forecast that The Hain Celestial Group will post 0.4 EPS for the current fiscal year.

Insider Buying and Selling

In other The Hain Celestial Group news, Director Neil Campbell purchased 62,640 shares of the firm's stock in a transaction that occurred on Friday, September 19th. The shares were purchased at an average cost of $1.52 per share, for a total transaction of $95,212.80. Following the completion of the purchase, the director directly owned 125,569 shares in the company, valued at $190,864.88. This represents a 99.54% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Alison Lewis purchased 44,895 shares of the firm's stock in a transaction that occurred on Friday, September 19th. The stock was acquired at an average price of $1.50 per share, for a total transaction of $67,342.50. Following the completion of the purchase, the chief executive officer owned 74,895 shares of the company's stock, valued at approximately $112,342.50. This represents a 149.65% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders purchased 137,535 shares of company stock worth $207,255. Company insiders own 1.71% of the company's stock.

Institutional Trading of The Hain Celestial Group

Institutional investors have recently modified their holdings of the business. Assenagon Asset Management S.A. boosted its stake in shares of The Hain Celestial Group by 89.0% in the first quarter. Assenagon Asset Management S.A. now owns 567,234 shares of the company's stock valued at $2,354,000 after buying an additional 267,161 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in The Hain Celestial Group by 32.5% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,595,704 shares of the company's stock worth $6,622,000 after purchasing an additional 391,034 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in The Hain Celestial Group by 45.6% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 23,592 shares of the company's stock worth $98,000 after purchasing an additional 7,389 shares during the last quarter. Jump Financial LLC acquired a new position in The Hain Celestial Group during the first quarter worth $814,000. Finally, Janney Montgomery Scott LLC raised its holdings in The Hain Celestial Group by 16.1% during the first quarter. Janney Montgomery Scott LLC now owns 84,143 shares of the company's stock worth $349,000 after purchasing an additional 11,675 shares during the last quarter. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

The Hain Celestial Group Company Profile

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.

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