The Hain Celestial Group (NASDAQ:HAIN) Upgraded at Zacks Research

Zacks Research upgraded shares of The Hain Celestial Group (NASDAQ:HAIN) from a strong sell rating to a hold rating in a research report sent to investors on Wednesday,Zacks.com reports.

A number of other analysts have also weighed in on HAIN. Weiss Ratings restated a “sell (e+)” rating on shares of The Hain Celestial Group in a report on Friday, January 9th. Wall Street Zen upgraded The Hain Celestial Group from a “sell” rating to a “hold” rating in a research note on Sunday, November 16th. Finally, DA Davidson reaffirmed a “neutral” rating and set a $1.50 price objective on shares of The Hain Celestial Group in a research report on Tuesday. One research analyst has rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, The Hain Celestial Group has a consensus rating of “Hold” and a consensus price target of $2.63.

The Hain Celestial Group Trading Up 4.2%

NASDAQ HAIN opened at $1.23 on Wednesday. The Hain Celestial Group has a one year low of $1.00 and a one year high of $5.07. The company has a debt-to-equity ratio of 1.59, a quick ratio of 1.06 and a current ratio of 1.89. The company has a market capitalization of $111.40 million, a price-to-earnings ratio of -0.21 and a beta of 0.61. The company’s 50-day simple moving average is $1.15 and its two-hundred day simple moving average is $1.40.

The Hain Celestial Group (NASDAQ:HAIN) last announced its quarterly earnings results on Friday, November 7th. The company reported ($0.08) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.04). The Hain Celestial Group had a positive return on equity of 0.77% and a negative net margin of 34.69%.The business had revenue of $367.88 million during the quarter, compared to analysts’ expectations of $361.09 million. Equities analysts forecast that The Hain Celestial Group will post 0.4 EPS for the current fiscal year.

Insider Buying and Selling

In other The Hain Celestial Group news, Director Carlyn R. Taylor sold 53,957 shares of the stock in a transaction dated 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 approximately $309,117.51. This trade represents a 16.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 1.71% of the company’s stock.

Hedge Funds Weigh In On The Hain Celestial Group

Hedge funds have recently modified their holdings of the stock. Intech Investment Management LLC raised its position in shares of The Hain Celestial Group by 14.2% in the 2nd quarter. Intech Investment Management LLC now owns 53,821 shares of the company’s stock valued at $82,000 after purchasing an additional 6,673 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in The Hain Celestial Group by 26.1% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 41,118 shares of the company’s stock valued at $65,000 after purchasing an additional 8,505 shares in the last quarter. Vanguard Personalized Indexing Management LLC increased its stake in 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 valued at $46,000 after purchasing an additional 9,335 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of The Hain Celestial Group by 16.2% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 67,194 shares of the company’s stock worth $102,000 after buying an additional 9,350 shares during the last quarter. Finally, Grace & White Inc. NY lifted its stake in shares of The Hain Celestial Group by 35.7% during the second quarter. Grace & White Inc. NY now owns 38,000 shares of the company’s stock worth $58,000 after buying an additional 10,000 shares during the period. Institutional investors and hedge funds 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.