The Hain Celestial Group (NASDAQ:HAIN) Price Target Cut to $1.00 by Analysts at Stephens

The Hain Celestial Group (NASDAQ:HAIN) had its target price lowered by Stephens from $2.00 to $1.00 in a research note published on Tuesday,Benzinga reports. The brokerage currently has an equal weight rating on the stock.

Other equities analysts have also recently issued reports about the company. Zacks Research raised The Hain Celestial Group from a “strong sell” rating to a “hold” rating in a report on Wednesday, February 4th. Weiss Ratings reiterated a “sell (e+)” rating on shares of The Hain Celestial Group in a research report on Friday, January 9th. Wall Street Zen upgraded shares of The Hain Celestial Group from a “sell” rating to a “hold” rating in a report on Sunday, November 16th. Finally, DA Davidson reaffirmed a “neutral” rating and set a $1.50 price target on shares of The Hain Celestial Group in a research note on Tuesday, February 3rd. One analyst has rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $2.53.

The Hain Celestial Group Price Performance

Shares of NASDAQ HAIN opened at $0.88 on Tuesday. The firm’s 50-day moving average is $1.13 and its two-hundred day moving average is $1.35. The company has a market capitalization of $80.25 million, a PE ratio of -0.15 and a beta of 0.61. The Hain Celestial Group has a 12-month low of $0.82 and a 12-month high of $4.84.

The Hain Celestial Group (NASDAQ:HAIN) last issued its quarterly earnings data on Monday, February 9th. The company reported ($0.03) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.03). The Hain Celestial Group had a negative net margin of 36.12% and a negative return on equity of 1.15%. The business had revenue of $384.12 million during the quarter, compared to analysts’ expectations of $383.23 million. On average, analysts forecast that The Hain Celestial Group will post 0.4 EPS for the current fiscal year.

Insider Activity at The Hain Celestial Group

In other news, Director Carlyn R. Taylor sold 53,957 shares of the stock in a transaction dated Thursday, December 18th. The shares were sold at an average price of $1.17, for a total transaction of $63,129.69. Following the transaction, the director directly owned 264,203 shares in the company, valued at $309,117.51. This represents a 16.96% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 1.71% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On The Hain Celestial Group

Several institutional investors and hedge funds have recently bought and sold shares of the stock. AQR Capital Management LLC boosted its holdings in shares of The Hain Celestial Group by 151.1% in the 1st 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 increased its holdings in shares of The Hain Celestial Group by 295.4% during the 1st quarter. Millennium Management LLC now owns 4,731,690 shares of the company’s stock worth $19,637,000 after buying an additional 3,535,073 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in shares of The Hain Celestial Group in the 1st quarter worth $162,000. Empowered Funds LLC acquired a new position in The Hain Celestial Group in the first quarter valued at $444,000. Finally, Vanguard Personalized Indexing Management LLC grew its position in The Hain Celestial Group by 45.0% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 30,067 shares of the company’s stock valued at $46,000 after acquiring an additional 9,335 shares during the period. Institutional investors and hedge funds 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.