The Hain Celestial Group (NASDAQ:HAIN) Lowered to Underweight Rating by Barclays

Barclays cut shares of The Hain Celestial Group (NASDAQ:HAIN) from an equal weight rating to an underweight rating in a report released on Monday morning, Marketbeat reports. Barclays currently has $0.50 price target on the stock, down from their previous price target of $1.50.

Several other brokerages also recently commented on HAIN. DA Davidson reiterated a “neutral” rating and set a $1.50 target price on shares of The Hain Celestial Group in a research note on Tuesday, February 3rd. Stephens dropped their price target on The Hain Celestial Group from $2.00 to $1.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 17th. Zacks Research raised The Hain Celestial Group from a “strong sell” rating to a “hold” rating in a report on Wednesday, February 4th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of The Hain Celestial Group in a research report on Friday, January 9th. Finally, Wall Street Zen downgraded shares of The Hain Celestial Group from a “hold” rating to a “sell” rating in a report on Saturday, February 21st. One research analyst has rated the stock with a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Reduce” and an average price target of $2.14.

The Hain Celestial Group Stock Performance

Shares of HAIN stock opened at $0.66 on Monday. The Hain Celestial Group has a 52-week low of $0.60 and a 52-week high of $4.27. The stock has a market cap of $60.37 million, a price-to-earnings ratio of -0.11 and a beta of 0.65. The firm’s 50-day moving average is $0.99 and its 200-day moving average is $1.22.

The Hain Celestial Group (NASDAQ:HAIN) last posted its quarterly earnings results on Monday, February 9th. The company reported ($0.03) EPS for the quarter, hitting analysts’ consensus estimates 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%. Sell-side analysts predict that The Hain Celestial Group will post 0.4 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Carlyn R. Taylor sold 53,957 shares of the business’s stock in a transaction on Thursday, December 18th. The stock was sold at an average price of $1.17, for a total value of $63,129.69. Following the completion of the sale, the director directly owned 264,203 shares in the company, valued at $309,117.51. The trade was a 16.96% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 1.71% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Coldstream Capital Management Inc. bought a new stake in shares of The Hain Celestial Group in the third quarter valued at about $29,000. Thrivent Financial for Lutherans grew its stake in shares of The Hain Celestial Group by 104.8% in the second quarter. Thrivent Financial for Lutherans now owns 21,500 shares of the company’s stock valued at $32,000 after acquiring an additional 11,000 shares in the last quarter. Mariner LLC increased its position in The Hain Celestial Group by 98.0% during the fourth quarter. Mariner LLC now owns 30,098 shares of the company’s stock worth $32,000 after acquiring an additional 14,895 shares during the period. Stifel Financial Corp acquired a new stake in The Hain Celestial Group in the 4th quarter worth about $36,000. Finally, Amundi acquired a new stake in The Hain Celestial Group in the 4th quarter worth about $37,000. Institutional investors own 97.01% of the company’s stock.

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.