The Hain Celestial Group (NASDAQ:HAIN) Downgraded to “Sell” Rating by Wall Street Zen

Wall Street Zen lowered shares of The Hain Celestial Group (NASDAQ:HAIN) from a hold rating to a sell rating in a research note issued to investors on Saturday morning.

Several other analysts have also weighed in on HAIN. Stephens lowered their target price on shares of The Hain Celestial Group from $2.00 to $1.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 17th. DA Davidson reaffirmed a “neutral” rating and issued a $1.50 price target on shares of The Hain Celestial Group in a report on Tuesday, February 3rd. Zacks Research upgraded shares of The Hain Celestial Group from a “strong sell” rating to a “hold” rating in a research note on Wednesday, February 4th. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of The Hain Celestial Group in a report on Friday, January 9th. One analyst has rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $2.53.

The Hain Celestial Group Stock Performance

NASDAQ:HAIN opened at $0.85 on Friday. The company has a market capitalization of $77.71 million, a price-to-earnings ratio of -0.14 and a beta of 0.61. The Hain Celestial Group has a one year low of $0.82 and a one year high of $4.84. The stock has a 50-day simple moving average of $1.12 and a 200 day simple moving average of $1.34.

The Hain Celestial Group (NASDAQ:HAIN) last released its earnings results on Monday, February 9th. The company reported ($0.03) EPS for the quarter, hitting analysts’ consensus estimates 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 company had revenue of $384.12 million for the quarter, compared to the consensus estimate of $383.23 million. On average, equities research analysts forecast that The Hain Celestial Group will post 0.4 EPS for the current fiscal year.

Insiders Place Their Bets

In other The Hain Celestial Group news, Director Carlyn R. Taylor sold 53,957 shares of the business’s 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 completion of the transaction, the director directly owned 264,203 shares of the company’s stock, valued at $309,117.51. The trade was a 16.96% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.71% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On The Hain Celestial Group

Hedge funds have recently made changes to their positions in the business. Coldstream Capital Management Inc. bought a new position in The Hain Celestial Group in the 3rd quarter worth approximately $29,000. Thrivent Financial for Lutherans boosted its position in The Hain Celestial Group by 104.8% during the 2nd quarter. Thrivent Financial for Lutherans now owns 21,500 shares of the company’s stock worth $32,000 after acquiring an additional 11,000 shares during the period. Rathbones Group PLC bought a new position in shares of The Hain Celestial Group in the second quarter worth $39,000. Voleon Capital Management LP bought a new position in shares of The Hain Celestial Group in the third quarter worth $43,000. Finally, Cim Investment Management Inc. increased its holdings in shares of The Hain Celestial Group by 100.7% during the second quarter. Cim Investment Management Inc. now owns 28,793 shares of the company’s stock valued at $44,000 after purchasing an additional 14,450 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.