Wall Street Zen Downgrades The Hain Celestial Group (NASDAQ:HAIN) to Sell

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

A number of other equities analysts also recently commented on the company. Stephens decreased their target price on 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. DA Davidson restated a “neutral” rating and set a $1.50 price target on shares of The Hain Celestial Group in a research report on Tuesday, February 3rd. Weiss Ratings reissued a “sell (e+)” rating on shares of The Hain Celestial Group in a report on Friday, January 9th. Finally, Zacks Research upgraded The Hain Celestial Group from a “strong sell” rating to a “hold” rating in a report on Wednesday, February 4th. One research analyst has rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $2.53.

The Hain Celestial Group Stock Down 5.6%

Shares of NASDAQ:HAIN opened at $0.85 on Friday. The company has a market cap 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 business has a fifty day simple moving average of $1.12 and a 200-day simple moving average of $1.34.

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

Insider Buying and Selling at The Hain Celestial Group

In other The Hain Celestial Group news, Director Carlyn R. Taylor sold 53,957 shares of the stock in a transaction that occurred on Thursday, December 18th. The shares were sold at an average price of $1.17, for a total value of $63,129.69. Following the completion of the sale, the director owned 264,203 shares in the company, valued at $309,117.51. This represents a 16.96% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.71% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On The Hain Celestial Group

A number of institutional investors have recently modified their holdings of the company. Ingalls & Snyder LLC bought a new stake in The Hain Celestial Group in the 2nd quarter valued at $311,000. Ethic Inc. raised its position in The Hain Celestial Group by 287.1% in the 2nd quarter. Ethic Inc. now owns 58,371 shares of the company’s stock worth $87,000 after purchasing an additional 43,292 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of The Hain Celestial Group by 28.1% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 606,427 shares of the company’s stock valued at $922,000 after acquiring an additional 133,129 shares during the period. Vanguard Personalized Indexing Management LLC grew its position in shares of The Hain Celestial Group by 45.0% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 30,067 shares of the company’s stock worth $46,000 after buying an additional 9,335 shares during the period. Finally, Savant Capital LLC acquired a new stake in The Hain Celestial Group during the 2nd quarter worth $70,000. Institutional investors own 97.01% of the company’s stock.

About The Hain Celestial Group

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.