The Hain Celestial Group (NASDAQ:HAIN) Stock Rating Cut to Strong Sell at Zacks Research

The Hain Celestial Group (NASDAQ:HAIN) was downgraded by equities researchers at Zacks Research from a “hold” rating to a “strong sell” rating in a report issued on Wednesday, Zacks reports.

Several other equities research analysts also recently weighed in on HAIN. Barclays reduced their price target on The Hain Celestial Group from $0.50 to $0.30 and set an “underweight” rating on the stock in a report on Friday, October 16th. Jefferies Financial Group dropped their price objective on The Hain Celestial Group from $1.03 to $0.81 and set a “hold” rating for the company in a report on Tuesday, July 7th. Weiss Ratings raised The Hain Celestial Group from a “sell (e)” rating to a “sell (e+)” rating in a research report on Monday, September 14th. Finally, Wall Street Zen downgraded The Hain Celestial Group from a “hold” rating to a “sell” rating in a research report on Saturday, September 26th. Four investment analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Reduce” and a consensus price target of $0.90.

The Hain Celestial Group Price Performance

Shares of NASDAQ HAIN opened at $0.16 on Wednesday. The stock has a market capitalization of $14.27 million, a P/E ratio of -0.05 and a beta of 0.95. The business’s 50 day moving average is $0.57 and its two-hundred day moving average is $0.64. The Hain Celestial Group has a 1-year low of $0.14 and a 1-year high of $1.52.

The Hain Celestial Group (NASDAQ:HAIN) last released its earnings results on Monday, September 14th. The company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.02). The Hain Celestial Group had a negative net margin of 22.53% and a negative return on equity of 5.45%. The company had revenue of $263.07 million for the quarter, compared to the consensus estimate of $261.24 million. As a group, equities research analysts anticipate that The Hain Celestial Group will post 0.01 earnings per share for the current fiscal year.

Institutional Investors Weigh In On The Hain Celestial Group

Several large investors have recently modified their holdings of the business. Nantahala Capital Management LLC acquired a new position in The Hain Celestial Group during the 2nd quarter valued at about $4,777,828. BlackRock Inc. purchased a new stake in The Hain Celestial Group in the second quarter valued at $1,624,000. Assenagon Asset Management S.A. boosted its stake in shares of 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 buying an additional 900,831 shares during the last quarter. Man Group plc acquired a new stake in shares of The Hain Celestial Group during the 2nd quarter worth approximately $750,000. Finally, Solas Capital Management LLC acquired a new stake in The Hain Celestial Group during the second quarter valued at $480,000. Institutional investors own 97.01% of the company’s stock.

The Hain Celestial Group Company Profile

The Hain Celestial Group, Inc is a consumer products company focused on better-for-you, natural and organic foods, beverages and personal care products. Its portfolio includes pantry staples, snacks, plant-based foods, teas, infant and children’s foods, and personal care products.

The company’s brands have included Celestial Seasonings, Earth’s Best, Terra, Garden of Eatin’, Imagine, Sensible Portions, The Greek Gods, Alba Botanica, Avalon Organics and Jason. Products are sold through grocery stores, mass retailers, club stores, natural-food retailers, e-commerce channels and other outlets.

Founded in 1993 by Irwin Simon, Hain Celestial expanded through brand development and acquisitions, including its combination with Celestial Seasonings in 2000.