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

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

Other analysts have also recently issued reports about the company. Jefferies Financial Group lowered their target price on The Hain Celestial Group from $1.03 to $0.81 and set a “hold” rating on the stock in a research report on Tuesday, July 7th. Weiss Ratings upgraded shares of The Hain Celestial Group from a “sell (e)” rating to a “sell (e+)” rating in a research report on Monday, September 14th. Five investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, The Hain Celestial Group currently has a consensus rating of “Reduce” and an average price target of $0.95.

The Hain Celestial Group Stock Performance

The Hain Celestial Group stock opened at $0.50 on Friday. The company has a market cap of $45.27 million, a P/E ratio of -0.15 and a beta of 0.80. The Hain Celestial Group has a 1 year low of $0.48 and a 1 year high of $1.69. The firm’s 50-day moving average is $0.61 and its 200-day moving average is $0.67.

The Hain Celestial Group (NASDAQ:HAIN) last announced its quarterly earnings results on Monday, September 14th. The company reported ($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.02). The Hain Celestial Group had a negative return on equity of 5.45% and a negative net margin of 22.53%.The company had revenue of $263.07 million for the quarter, compared to analyst estimates of $261.24 million. As a group, sell-side analysts predict that The Hain Celestial Group will post 0.08 earnings per share for the current year.

Hedge Funds Weigh In On The Hain Celestial Group

Several institutional investors and hedge funds have recently modified their holdings of the stock. Nantahala Capital Management LLC bought a new position in The Hain Celestial Group in the second quarter worth $4,777,828. BlackRock Inc. bought a new position in The Hain Celestial Group during the 2nd quarter valued at about $1,624,000. Man Group plc acquired a new position in shares of The Hain Celestial Group in the 2nd quarter worth approximately $750,000. Assenagon Asset Management S.A. boosted its stake in The Hain Celestial Group by 283.4% in the first quarter. Assenagon Asset Management S.A. now owns 1,218,733 shares of the company’s stock worth $850,000 after purchasing an additional 900,831 shares in the last quarter. Finally, Solas Capital Management LLC bought a new stake in shares of The Hain Celestial Group during the second quarter worth $480,000. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

About The Hain Celestial Group

The Hain Celestial Group, Inc is a consumer packaged goods company focused on better-for-you products, including organic, natural, plant-based and specialty foods, as well as personal-care items. Its products are sold through grocery stores, mass retailers, natural-food retailers, e-commerce channels and other outlets.

The company’s portfolio has included brands such as Earth’s Best, Terra, Garden of Eatin’, Celestial Seasonings, Alba Botanica, Avalon Organics and JASON. Its offerings span snacks, cereals, baby and toddler foods, teas, personal-care products and other grocery categories.