The Hain Celestial Group, Inc. (NASDAQ:HAIN) Receives Consensus Rating of "Reduce" from Brokerages

Key Points

• Consensus rating "Reduce": Twelve analysts cover HAIN with a consensus "Reduce" (2 sells, 9 holds, 1 buy) and an average one-year target price of $2.1444.
• Weak fundamentals and mixed results: Shares opened at about $0.65 with a market cap near $59.3M, a negative net margin (−36.12%) and negative ROE, while quarterly EPS of ($0.03) and revenue of $384.1M roughly met expectations.
• Active institutional buying despite downgrades: Hedge funds like AQR and Millennium substantially increased stakes (AQR +151%, Millennium +295%), and institutions now own about 97.01% of the stock.

Shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN - Get Free Report) have received a consensus rating of "Reduce" from the twelve ratings firms that are covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation and one has issued a buy recommendation on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $2.1444.

A number of equities research analysts have recently weighed in on the company. Zacks Research upgraded The Hain Celestial Group from a "strong sell" rating to a "hold" rating in a report on Wednesday, February 4th. Stephens decreased their price objective on shares of The Hain Celestial Group from $2.00 to $1.00 and set an "equal weight" rating for the company in a report on Tuesday, February 17th. Barclays lowered shares of The Hain Celestial Group from an "equal weight" rating to an "underweight" rating and lowered their target price for the company from $1.50 to $0.50 in a research note on Monday, March 16th. DA Davidson reissued a "neutral" rating and set a $1.50 target price on shares of The Hain Celestial Group in a report on Tuesday, February 3rd. Finally, Weiss Ratings restated a "sell (e+)" rating on shares of The Hain Celestial Group in a research report on Friday, January 9th.

The Hain Celestial Group Stock Performance

Shares of HAIN stock opened at $0.65 on Thursday. The stock has a market capitalization of $59.25 million, a price-to-earnings ratio of -0.11 and a beta of 0.65. The Hain Celestial Group has a one year low of $0.58 and a one year high of $4.27. The company's 50-day simple moving average is $0.92 and its 200-day simple moving average is $1.17.

The Hain Celestial Group (NASDAQ:HAIN - Get Free Report) last announced its quarterly earnings data on Monday, February 9th. The company reported ($0.03) earnings per share for the quarter, meeting the consensus estimate of ($0.03). The Hain Celestial Group had a negative return on equity of 1.15% and a negative net margin of 36.12%.The firm had revenue of $384.12 million during the quarter, compared to analyst estimates of $383.23 million. As a group, research analysts forecast that The Hain Celestial Group will post 0.4 EPS for the current year.

Hedge Funds Weigh In On The Hain Celestial Group

Large investors have recently bought and sold shares of the business. AQR Capital Management LLC grew its holdings in shares of The Hain Celestial Group by 151.1% during the first quarter. AQR Capital Management LLC now owns 1,066,048 shares of the company's stock valued at $4,424,000 after purchasing an additional 641,567 shares during the last quarter. Millennium Management LLC lifted its holdings in shares of The Hain Celestial Group by 295.4% in the 1st quarter. Millennium Management LLC now owns 4,731,690 shares of the company's stock worth $19,637,000 after purchasing an additional 3,535,073 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in shares of The Hain Celestial Group in the 1st quarter worth approximately $162,000. Empowered Funds LLC acquired a new position in The Hain Celestial Group during the 1st quarter valued at approximately $444,000. Finally, Cetera Investment Advisers boosted its position in The Hain Celestial Group by 255.1% during the 2nd quarter. Cetera Investment Advisers now owns 43,876 shares of the company's stock valued at $67,000 after purchasing an additional 31,521 shares during the period. Institutional investors own 97.01% of the company's stock.

The Hain Celestial Group Company Profile

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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