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

The Hain Celestial Group, Inc. (NASDAQ:HAIN - Get Free Report) has received an average recommendation of "Hold" from the ten research firms that are presently covering the stock, MarketBeat Ratings reports. Nine equities research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $4.22.

A number of analysts have commented on the stock. JPMorgan Chase & Co. reduced their price objective on shares of The Hain Celestial Group from $6.00 to $5.00 and set a "neutral" rating for the company in a research note on Friday, March 14th. Maxim Group reduced their price objective on shares of The Hain Celestial Group from $10.00 to $5.00 and set a "buy" rating for the company in a research note on Thursday, May 8th. Sanford C. Bernstein lowered shares of The Hain Celestial Group from an "outperform" rating to a "market perform" rating and set a $1.50 price objective for the company. in a research note on Thursday, May 8th. Mizuho reduced their price objective on shares of The Hain Celestial Group from $3.50 to $3.00 and set a "neutral" rating for the company in a research note on Wednesday. Finally, Stifel Nicolaus reduced their price objective on shares of The Hain Celestial Group from $4.00 to $1.50 and set a "hold" rating for the company in a research note on Thursday, May 8th.

The Hain Celestial Group Price Performance

HAIN traded up $0.02 on Friday, reaching $1.88. The company had a trading volume of 1,867,720 shares, compared to its average volume of 1,752,326. The company has a fifty day moving average of $2.79 and a 200-day moving average of $4.65. The company has a market capitalization of $169.68 million, a P/E ratio of -0.97 and a beta of 1.05. 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 Hain Celestial Group has a one year low of $1.30 and a one year high of $9.43.

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

Insider Activity

In other news, Director Celeste A. Clark purchased 83,000 shares of the business's stock in a transaction dated Tuesday, May 13th. The shares were purchased at an average cost of $1.79 per share, with a total value of $148,570.00. Following the completion of the purchase, the director now owns 83,000 shares of the company's stock, valued at $148,570. This trade represents a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, Director Dawn M. Zier purchased 200,000 shares of the business's stock in a transaction dated Friday, May 9th. The shares were purchased at an average cost of $1.60 per share, for a total transaction of $320,000.00. Following the completion of the purchase, the director now directly owns 288,229 shares of the company's stock, valued at approximately $461,166.40. This represents a 226.68% increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders purchased 308,640 shares of company stock valued at $518,055. 0.83% of the stock is owned by insiders.

Hedge Funds Weigh In On The Hain Celestial Group

Several institutional investors have recently added to or reduced their stakes in HAIN. Signaturefd LLC grew its holdings in The Hain Celestial Group by 174.5% during the first quarter. Signaturefd LLC now owns 6,858 shares of the company's stock worth $28,000 after buying an additional 4,360 shares in the last quarter. Wedmont Private Capital purchased a new position in shares of The Hain Celestial Group during the 1st quarter valued at $52,000. Brooklyn Investment Group lifted its holdings in The Hain Celestial Group by 6,315.1% during the 1st quarter. Brooklyn Investment Group now owns 12,766 shares of the company's stock worth $53,000 after purchasing an additional 12,567 shares in the last quarter. Byrne Asset Management LLC lifted its holdings in The Hain Celestial Group by 240.0% during the 1st quarter. Byrne Asset Management LLC now owns 13,599 shares of the company's stock worth $56,000 after purchasing an additional 9,599 shares in the last quarter. Finally, State of Wyoming purchased a new stake in The Hain Celestial Group during the 1st quarter worth about $63,000. 97.01% of the stock is owned by institutional investors and hedge funds.

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.