Barclays Downgrades The Hain Celestial Group (NASDAQ:HAIN) to Underweight

The Hain Celestial Group (NASDAQ:HAIN) was downgraded by analysts at Barclays from an “equal weight” rating to an “underweight” rating in a report released on Monday, MarketBeat.com reports. They presently have a $0.50 price objective on the stock. Barclays‘s price objective suggests a potential downside of 24.77% from the company’s current price.

HAIN has been the topic of a number of other reports. DA Davidson reissued a “neutral” rating and set a $1.50 price target on shares of The Hain Celestial Group in a report on Tuesday, February 3rd. Zacks Research raised shares of The Hain Celestial Group from a “strong sell” rating to a “hold” rating in a report on Wednesday, February 4th. Weiss Ratings reiterated a “sell (e+)” rating on shares of The Hain Celestial Group in a research report on Friday, January 9th. Stephens lowered their target price on shares of 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. Finally, Wall Street Zen downgraded shares of The Hain Celestial Group from a “hold” rating to a “sell” rating in a research report on Saturday, February 21st. One research analyst has rated the stock with a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average target price of $2.14.

The Hain Celestial Group Trading Up 7.0%

HAIN opened at $0.66 on Monday. The business’s 50 day moving average is $1.00 and its 200-day moving average is $1.23. The stock has a market cap of $60.47 million, a PE ratio of -0.11 and a beta of 0.65. The Hain Celestial Group has a twelve month low of $0.60 and a twelve month high of $4.32.

The Hain Celestial Group (NASDAQ:HAIN) last issued its quarterly earnings data on Monday, February 9th. The company reported ($0.03) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.03). The business had revenue of $384.12 million during the quarter, compared to analyst estimates 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%. As a group, analysts forecast that The Hain Celestial Group will post 0.4 EPS for the current year.

Insider Buying and Selling at The Hain Celestial Group

In related news, Director Carlyn R. Taylor sold 53,957 shares of the firm’s stock in a transaction dated Thursday, December 18th. The stock was sold at an average price of $1.17, for a total transaction of $63,129.69. Following the completion of the transaction, the director owned 264,203 shares of the company’s stock, valued at $309,117.51. This trade represents a 16.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.71% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On The Hain Celestial Group

Hedge funds and other institutional investors have recently bought and sold shares of the business. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of The Hain Celestial Group by 28.1% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 606,427 shares of the company’s stock worth $922,000 after purchasing an additional 133,129 shares during the last quarter. Savant Capital LLC acquired a new stake in The Hain Celestial Group during the second quarter valued at approximately $70,000. Rothschild Investment LLC boosted its holdings in The Hain Celestial Group by 30,334.8% during the second quarter. Rothschild Investment LLC now owns 70,000 shares of the company’s stock worth $106,000 after buying an additional 69,770 shares in the last quarter. State of Wyoming boosted its holdings in The Hain Celestial Group by 4,213.7% during the third quarter. State of Wyoming now owns 110,905 shares of the company’s stock worth $175,000 after buying an additional 108,334 shares in the last quarter. Finally, Perkins Capital Management Inc. grew its position in The Hain Celestial Group by 256.4% in the third quarter. Perkins Capital Management Inc. now owns 446,213 shares of the company’s stock worth $705,000 after buying an additional 321,000 shares during the last quarter. 97.01% of the stock is currently owned by institutional investors.

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.