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

The Hain Celestial Group, Inc. (NASDAQ:HAIN) has received a consensus "Reduce" recommendation from twelve brokerages. Analysts have set an average 1-year target price of $2.7556. Recent reports show mixed ratings, with some downgrades and price target reductions. The stock opened at $1.11, with a market cap of $100.53 million. Insider buying activity was noted, with CEO Alison Lewis and Director Neil Campbell purchasing shares. Institutional investors have also adjusted their positions in the company.

Shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN - Get Free Report) have been given an average recommendation of "Reduce" by the twelve brokerages that are presently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, nine have given a hold recommendation and one has issued a buy recommendation on the company. The average 1 year target price among analysts that have covered the stock in the last year is $2.7556.

HAIN has been the topic of a number of research reports. Barclays decreased their price objective on The Hain Celestial Group from $2.00 to $1.50 and set an "equal weight" rating on the stock in a report on Wednesday, September 17th. Weiss Ratings reissued a "sell (e+)" rating on shares of The Hain Celestial Group in a research note on Tuesday, October 14th. 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. Mizuho cut their price objective on shares of The Hain Celestial Group from $2.50 to $1.50 and set a "neutral" rating for the company in a research note on Tuesday, September 16th. Finally, Stephens cut shares of The Hain Celestial Group from an "overweight" rating to an "equal weight" rating and decreased their target price for the stock from $3.00 to $2.00 in a research report on Wednesday, September 17th.

Read Our Latest Stock Report on The Hain Celestial Group

The Hain Celestial Group Stock Down 7.5%

Shares of NASDAQ:HAIN opened at $1.11 on Friday. The firm has a market capitalization of $100.53 million, a PE ratio of -0.19 and a beta of 0.80. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.02 and a current ratio of 1.91. The Hain Celestial Group has a 52-week low of $1.01 and a 52-week high of $8.85. The firm has a fifty day moving average of $1.40 and a 200 day moving average of $1.64.

The Hain Celestial Group (NASDAQ:HAIN - Get Free Report) last released its quarterly earnings results on Friday, November 7th. The company reported ($0.08) earnings per share for the quarter, missing analysts' consensus estimates of ($0.04) by ($0.04). The Hain Celestial Group had a negative net margin of 34.03% and a positive return on equity of 1.10%. The firm had revenue of $367.88 million for the quarter, compared to analysts' expectations of $361.09 million. As a group, research analysts anticipate that The Hain Celestial Group will post 0.4 EPS for the current fiscal year.

Insider Activity

In related news, CEO Alison Lewis bought 44,895 shares of the stock in a transaction dated Friday, September 19th. The stock was bought at an average price of $1.50 per share, with a total value of $67,342.50. Following the purchase, the chief executive officer owned 74,895 shares in the company, valued at approximately $112,342.50. The trade was a 149.65% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Neil Campbell bought 62,640 shares of the company's stock in a transaction that occurred on Friday, September 19th. The shares were bought at an average price of $1.52 per share, with a total value of $95,212.80. Following the completion of the acquisition, the director directly owned 125,569 shares in the company, valued at $190,864.88. This trade represents a 99.54% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last quarter, insiders bought 137,535 shares of company stock worth $207,255. Company insiders own 1.71% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Signaturefd LLC raised its holdings in The Hain Celestial Group by 174.5% during the 1st quarter. Signaturefd LLC now owns 6,858 shares of the company's stock valued at $28,000 after buying an additional 4,360 shares during the last quarter. Coldstream Capital Management Inc. purchased a new position in shares of The Hain Celestial Group in the third quarter valued at about $29,000. Thrivent Financial for Lutherans raised its stake in shares of The Hain Celestial Group by 104.8% during the second quarter. Thrivent Financial for Lutherans now owns 21,500 shares of the company's stock valued at $32,000 after acquiring an additional 11,000 shares during the last quarter. Rathbones Group PLC purchased a new stake in shares of The Hain Celestial Group during the second quarter worth about $39,000. Finally, Voleon Capital Management LP purchased a new stake in shares of The Hain Celestial Group during the third quarter worth about $43,000. 97.01% of the stock is owned by hedge funds and other institutional investors.

The Hain Celestial Group Company Profile

(Get Free Report)

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.

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