The Hain Celestial Group, Inc. (NASDAQ:HAIN) Given Average Rating of “Hold” by Brokerages

The Hain Celestial Group, Inc. (NASDAQ:HAIN – Get Rating) has been given a consensus recommendation of “Hold” by the thirteen analysts that are covering the company, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $23.09.

Several research firms have recently weighed in on HAIN. Sanford C. Bernstein dropped their price objective on shares of The Hain Celestial Group from $30.00 to $23.00 in a report on Wednesday, May 10th. Stifel Nicolaus cut their price objective on The Hain Celestial Group from $20.00 to $17.00 in a research report on Wednesday, May 10th. Mizuho restated a “neutral” rating and set a $16.00 target price on shares of The Hain Celestial Group in a report on Wednesday, February 8th. Barclays cut their price target on The Hain Celestial Group from $19.00 to $17.00 in a report on Thursday, May 11th. Finally, StockNews.com upgraded shares of The Hain Celestial Group from a “sell” rating to a “hold” rating in a research report on Tuesday, May 16th.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Nisa Investment Advisors LLC raised its stake in shares of The Hain Celestial Group by 2,379.3% during the first quarter. Nisa Investment Advisors LLC now owns 1,438 shares of the company’s stock worth $25,000 after buying an additional 1,380 shares during the last quarter. Ameritas Advisory Services LLC bought a new stake in shares of The Hain Celestial Group during the 1st quarter valued at $27,000. National Bank of Canada FI raised its position in shares of The Hain Celestial Group by 97.6% during the 1st quarter. National Bank of Canada FI now owns 1,620 shares of the company’s stock valued at $28,000 after acquiring an additional 800 shares during the last quarter. Versant Capital Management Inc lifted its stake in shares of The Hain Celestial Group by 3,366.7% in the 3rd quarter. Versant Capital Management Inc now owns 1,768 shares of the company’s stock valued at $30,000 after purchasing an additional 1,717 shares during the period. Finally, Quadrant Capital Group LLC boosted its position in shares of The Hain Celestial Group by 87.7% in the 4th quarter. Quadrant Capital Group LLC now owns 2,497 shares of the company’s stock worth $40,000 after purchasing an additional 1,167 shares during the last quarter. 95.49% of the stock is currently owned by institutional investors and hedge funds.

The Hain Celestial Group Price Performance

The Hain Celestial Group stock opened at $13.18 on Thursday. The business has a 50 day simple moving average of $16.43 and a 200 day simple moving average of $17.73. The Hain Celestial Group has a one year low of $12.84 and a one year high of $26.78. The company has a market capitalization of $1.18 billion, a PE ratio of -12.43 and a beta of 0.89. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.40 and a quick ratio of 1.13.

The Hain Celestial Group (NASDAQ:HAIN – Get Rating) last issued its earnings results on Tuesday, May 9th. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.08). The firm had revenue of $455.24 million during the quarter, compared to analyst estimates of $485.34 million. The Hain Celestial Group had a negative net margin of 5.25% and a positive return on equity of 4.00%. The firm’s revenue for the quarter was down 9.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.33 EPS. On average, sell-side analysts forecast that The Hain Celestial Group will post 0.54 EPS for the current fiscal year.

The Hain Celestial Group Company Profile

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The Hain Celestial Group, Inc engages in the production and distribution of organic and natural products. It operates through North America and International geographical segments. The North America segment consists of the United States and Canada. The International segment includes the United Kingdom, Ella’s Kitchen UK, and Europe.