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

The Hain Celestial Group, Inc. (NASDAQ:HAIN) has received an average rating of “Hold” from the ten research firms that are currently covering the stock, Marketbeat reports. Nine analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $3.64.

HAIN has been the topic of a number of research reports. CL King reiterated a “neutral” rating on shares of The Hain Celestial Group in a research note on Thursday, May 8th. Maxim Group cut 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 report on Thursday, May 8th. Sanford C. Bernstein cut shares of The Hain Celestial Group from an “outperform” rating to a “market perform” rating and set a $1.50 target price for the company. in a research note on Thursday, May 8th. Stifel Nicolaus cut their target price 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. Finally, Evercore ISI cut their target price on shares of The Hain Celestial Group from $6.00 to $5.00 and set an “in-line” rating for the company in a research note on Wednesday, April 23rd.

The Hain Celestial Group Stock Down 1.3%

NASDAQ:HAIN opened at $1.55 on Friday. The firm has a market capitalization of $139.89 million, a P/E ratio of -0.54 and a beta of 0.78. The Hain Celestial Group has a 1-year low of $1.30 and a 1-year high of $9.43. The company’s fifty day moving average price is $1.72 and its 200-day moving average price is $3.24. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.81 and a quick ratio of 0.99.

The Hain Celestial Group (NASDAQ:HAIN) last released its quarterly earnings data on Wednesday, May 7th. The company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.05). The business had revenue of $390.35 million during the quarter, compared to analyst estimates of $414.45 million. The Hain Celestial Group had a positive return on equity of 2.47% and a negative net margin of 16.17%. The firm’s revenue was down 10.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.13 EPS. As a group, equities research analysts anticipate that The Hain Celestial Group will post 0.4 EPS for the current year.

Insider Activity at The Hain Celestial Group

In other The Hain Celestial Group news, Director Neil Campbell acquired 25,640 shares of the company’s stock in a transaction that occurred on Thursday, May 22nd. The stock was bought at an average price of $1.93 per share, with a total value of $49,485.20. Following the purchase, the director owned 62,929 shares in the company, valued at approximately $121,452.97. The trade was a 68.76% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Celeste A. Clark acquired 83,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 13th. The shares were acquired at an average cost of $1.79 per share, with a total value of $148,570.00. Following the purchase, the director owned 83,000 shares in the company, valued at $148,570. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 308,640 shares of company stock valued at $518,055. Corporate insiders own 0.83% of the company’s stock.

Hedge Funds Weigh In On The Hain Celestial Group

Several institutional investors and hedge funds have recently bought and sold shares of HAIN. Invesco Ltd. boosted its holdings in The Hain Celestial Group by 272.4% in the 4th quarter. Invesco Ltd. now owns 5,870,075 shares of the company’s stock valued at $36,101,000 after purchasing an additional 4,293,945 shares during the last quarter. Millennium Management LLC boosted its holdings in 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 valued at $19,637,000 after purchasing an additional 3,535,073 shares during the last quarter. Wellington Management Group LLP acquired a new position in The Hain Celestial Group in the 4th quarter valued at about $14,322,000. Frontier Capital Management Co. LLC boosted its holdings in The Hain Celestial Group by 512.0% in the 4th quarter. Frontier Capital Management Co. LLC now owns 2,520,722 shares of the company’s stock valued at $15,502,000 after purchasing an additional 2,108,845 shares during the last quarter. Finally, Raiffeisen Bank International AG acquired a new position in The Hain Celestial Group in the 4th quarter valued at about $12,619,000. 97.01% of the stock is currently owned by institutional investors and hedge funds.

About The Hain Celestial Group

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.