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

Key Points

• Analysts maintain a cautious outlook: Eight analysts give Hain Celestial an average “Reduce” rating, including two sells and six holds. The average 12-month price target is $1.0620, while Jefferies recently cut its target to $0.81.
• Shares remain highly volatile and distressed: HAIN opened at $0.79, with a market capitalization of $71.6 million, a negative P/E ratio of -0.14, and a 52-week range of $0.48 to $2.17.
• Institutional ownership is substantial: Institutional investors and hedge funds own 97.01% of the company’s stock, with several firms—including Nantahala Capital Management and Man Group—recently establishing positions.

Shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN - Get Free Report) have received an average rating of "Reduce" from the eight analysts that are presently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation and six have given a hold recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $1.0620.

HAIN has been the topic of a number of recent research reports. Weiss Ratings upgraded The Hain Celestial Group from a "sell (e)" rating to a "sell (e+)" rating in a report on Tuesday, August 11th. Jefferies Financial Group lowered their price objective on shares of 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. Finally, Wall Street Zen raised shares of The Hain Celestial Group from a "sell" rating to a "hold" rating in a research note on Saturday, May 16th.

The Hain Celestial Group Stock Performance

Shares of NASDAQ:HAIN opened at $0.79 on Friday. The business's 50 day simple moving average is $0.57 and its two-hundred day simple moving average is $0.72. The firm has a market cap of $71.60 million, a P/E ratio of -0.14 and a beta of 0.72. The Hain Celestial Group has a 52-week low of $0.48 and a 52-week high of $2.17.

Institutional Investors Weigh In On The Hain Celestial Group

Institutional investors and hedge funds have recently made changes to their positions in the business. Nantahala Capital Management LLC acquired a new position in The Hain Celestial Group during the 2nd quarter valued at about $4,777,828,000. Empowered Funds LLC purchased a new stake in shares of The Hain Celestial Group in the second quarter worth approximately $42,000. Public Employees Retirement System of Ohio bought a new position in shares of The Hain Celestial Group in the second quarter valued at approximately $130,000. Bank of America Corp DE bought a new position in shares of The Hain Celestial Group in the second quarter valued at approximately $50,000. Finally, Man Group plc bought a new stake in The Hain Celestial Group during the second quarter worth $750,000. Institutional investors and hedge funds own 97.01% of the company's stock.

About The Hain Celestial Group

The Hain Celestial Group, Inc NASDAQ: HAIN is a leading global producer and marketer of natural and organic branded products. The company operates through two principal segments—Grocery and Personal Care—offering a diversified portfolio that spans shelf-stable foods, snacks, beverages, condiments and natural personal care items. Its product lineup addresses growing consumer demand for clean-label, plant-based and ethically sourced offerings in everyday categories.

Within its Grocery segment, Hain Celestial markets well-known brands such as Celestial Seasonings teas, Earth's Best organic baby foods, Rudi's organic bakery items, Terra vegetable chips and Sensible Portions snacks.

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