The Hain Celestial Group (NASDAQ:HAIN) Stock Rating Lowered by Wall Street Zen

The Hain Celestial Group (NASDAQ:HAIN) was downgraded by investment analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a report issued on Saturday.

Several other research analysts have also recently issued reports on HAIN. Stephens dropped their target price on shares of The Hain Celestial Group from $2.00 to $1.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 17th. Zacks Research raised shares of The Hain Celestial Group from a “strong sell” rating to a “hold” rating in a research report on Wednesday, February 4th. DA Davidson reiterated a “neutral” rating and set a $1.50 price objective on shares of The Hain Celestial Group in a research note on Tuesday, February 3rd. 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 given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $2.53.

The Hain Celestial Group Stock Down 5.6%

HAIN opened at $0.85 on Friday. The stock’s fifty day moving average is $1.12 and its two-hundred day moving average is $1.34. The company has a market capitalization of $77.71 million, a P/E ratio of -0.14 and a beta of 0.61. The Hain Celestial Group has a 52 week low of $0.82 and a 52 week high of $4.84.

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

Insider Transactions at The Hain Celestial Group

In other news, Director Carlyn R. Taylor sold 53,957 shares of the company’s stock in a transaction on Thursday, December 18th. The stock was 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 of the company’s stock, valued at approximately $309,117.51. This represents a 16.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.71% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Intech Investment Management LLC raised its stake in The Hain Celestial Group by 14.2% in the second quarter. Intech Investment Management LLC now owns 53,821 shares of the company’s stock valued at $82,000 after buying an additional 6,673 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in shares of The Hain Celestial Group by 26.1% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 41,118 shares of the company’s stock worth $65,000 after acquiring an additional 8,505 shares during the last quarter. Vanguard Personalized Indexing Management LLC increased its holdings in shares of 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 in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of The Hain Celestial Group by 16.2% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 67,194 shares of the company’s stock valued at $102,000 after acquiring an additional 9,350 shares in the last quarter. Finally, American Century Companies Inc. raised its position in shares of The Hain Celestial Group by 8.9% in the 2nd quarter. American Century Companies Inc. now owns 124,721 shares of the company’s stock valued at $190,000 after purchasing an additional 10,200 shares during the last quarter. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

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.