ValuEngine downgraded shares of Hain Celestial Group (NASDAQ:HAIN) from a sell rating to a strong sell rating in a research report report published on Tuesday morning.

HAIN has been the subject of several other research reports. BidaskClub raised Hain Celestial Group from a sell rating to a hold rating in a research report on Wednesday, June 20th. Deutsche Bank began coverage on Hain Celestial Group in a research report on Tuesday, June 5th. They issued a buy rating and a $33.00 target price for the company. Maxim Group reissued a buy rating and issued a $40.00 target price on shares of Hain Celestial Group in a research report on Tuesday, August 28th. Jefferies Financial Group set a $40.00 target price on Hain Celestial Group and gave the stock a buy rating in a research report on Wednesday, August 29th. Finally, Zacks Investment Research lowered Hain Celestial Group from a hold rating to a sell rating in a research report on Tuesday, July 24th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the company’s stock. Hain Celestial Group currently has a consensus rating of Hold and a consensus price target of $33.53.

Shares of NASDAQ:HAIN opened at $26.60 on Tuesday. Hain Celestial Group has a 52-week low of $25.41 and a 52-week high of $44.37. The company has a market capitalization of $2.88 billion, a PE ratio of 22.93, a PEG ratio of 3.00 and a beta of 1.10. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.49 and a quick ratio of 1.56.

Hain Celestial Group (NASDAQ:HAIN) last announced its earnings results on Tuesday, August 28th. The company reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.01. Hain Celestial Group had a return on equity of 7.37% and a net margin of 0.35%. The firm had revenue of $619.60 million during the quarter, compared to analyst estimates of $629.25 million. During the same quarter in the prior year, the company earned $0.41 EPS. The business’s revenue was up 2.8% compared to the same quarter last year. equities research analysts forecast that Hain Celestial Group will post 1.23 EPS for the current year.

A number of hedge funds have recently bought and sold shares of the stock. Arizona State Retirement System increased its position in Hain Celestial Group by 2.6% during the 2nd quarter. Arizona State Retirement System now owns 72,153 shares of the company’s stock valued at $2,150,000 after buying an additional 1,845 shares in the last quarter. HGK Asset Management Inc. boosted its stake in Hain Celestial Group by 19.4% during the 2nd quarter. HGK Asset Management Inc. now owns 11,872 shares of the company’s stock valued at $354,000 after purchasing an additional 1,930 shares during the last quarter. Mitsubishi UFJ Asset Management UK Ltd. boosted its stake in Hain Celestial Group by 13.3% during the 2nd quarter. Mitsubishi UFJ Asset Management UK Ltd. now owns 17,000 shares of the company’s stock valued at $660,000 after purchasing an additional 2,000 shares during the last quarter. Rand Wealth LLC boosted its stake in Hain Celestial Group by 5.7% during the 2nd quarter. Rand Wealth LLC now owns 37,294 shares of the company’s stock valued at $1,111,000 after purchasing an additional 2,000 shares during the last quarter. Finally, Strategic Financial Services Inc boosted its stake in Hain Celestial Group by 3.2% during the 2nd quarter. Strategic Financial Services Inc now owns 76,806 shares of the company’s stock valued at $2,289,000 after purchasing an additional 2,359 shares during the last quarter. 92.47% of the stock is owned by institutional investors.

Hain Celestial Group Company Profile

The Hain Celestial Group, Inc manufactures, markets, distributes, and sells organic and natural products. The company operates in seven segments: the United States, United Kingdom, Tilda, Ella's Kitchen UK, Canada, Europe, and Cultivate. It offers infant formula; infant, toddler, and kids foods; diapers and wipes; rice and grain-based products; plant-based beverages and frozen desserts, such as soy, rice, oat, almond, and coconut; flour and baking mixes; breads, hot and cold cereals, pasta, condiments, cooking and culinary oils, granolas, and cereal bars; canned, chilled fresh, aseptic, and instant soups; yogurts; chilies; chocolates; and nut butters.

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Analyst Recommendations for Hain Celestial Group (NASDAQ:HAIN)

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