The Hain Celestial Group (NASDAQ:HAIN) Downgraded to Market Perform Rating by William Blair

William Blair downgraded shares of The Hain Celestial Group (NASDAQ:HAIN) from an outperform rating to a market perform rating in a research report report published on Thursday morning, MarketBeat.com reports.

HAIN has been the topic of several other research reports. Stephens dropped their price objective 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. Weiss Ratings restated a “sell (e+)” rating on shares of The Hain Celestial Group in a report on Friday, January 9th. DA Davidson restated a “neutral” rating and set a $1.50 price objective on shares of The Hain Celestial Group in a report on Tuesday, February 3rd. Barclays downgraded shares of The Hain Celestial Group from an “equal weight” rating to an “underweight” rating and dropped their price objective for the stock from $1.50 to $0.50 in a report on Monday, March 16th. Finally, Zacks Research raised shares of The Hain Celestial Group from a “strong sell” rating to a “hold” rating in a research note on Wednesday, February 4th. One investment analyst has rated the stock with a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Reduce” and an average price target of $2.14.

The Hain Celestial Group Stock Performance

NASDAQ:HAIN opened at $0.86 on Thursday. The firm’s 50-day moving average is $0.82 and its 200-day moving average is $1.10. The Hain Celestial Group has a 52-week low of $0.58 and a 52-week high of $3.40. The company has a market cap of $78.22 million, a price-to-earnings ratio of -0.14 and a beta of 0.65.

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

Institutional Trading of The Hain Celestial Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Divisadero Street Capital Management LP bought a new stake in The Hain Celestial Group during the third quarter worth about $610,000. Rathbones Group PLC lifted its position in shares of The Hain Celestial Group by 244.3% during the third quarter. Rathbones Group PLC now owns 88,280 shares of the company’s stock worth $139,000 after purchasing an additional 62,640 shares in the last quarter. Ingalls & Snyder LLC lifted its position in shares of The Hain Celestial Group by 90.9% during the third quarter. Ingalls & Snyder LLC now owns 390,568 shares of the company’s stock worth $617,000 after purchasing an additional 185,968 shares in the last quarter. Allianz Asset Management GmbH lifted its position in shares of The Hain Celestial Group by 25.3% during the third quarter. Allianz Asset Management GmbH now owns 236,198 shares of the company’s stock worth $373,000 after purchasing an additional 47,746 shares in the last quarter. Finally, Baader Bank Aktiengesellschaft acquired a new position in shares of The Hain Celestial Group during the third quarter worth approximately $213,000. 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.