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

The Hain Celestial Group (NASDAQ:HAIN) was downgraded by investment analysts at William Blair from an “outperform” rating to a “market perform” rating in a research note issued on Thursday.

A number of other equities research analysts have also recently weighed in on the stock. DA Davidson restated a “neutral” rating and set a $1.50 price objective on shares of The Hain Celestial Group in a research note on Tuesday, February 3rd. Barclays cut shares of The Hain Celestial Group from an “equal weight” rating to an “underweight” rating and lowered their target price for the company from $1.50 to $0.50 in a research note on Monday, March 16th. Zacks Research upgraded shares of The Hain Celestial Group from a “strong sell” rating to a “hold” rating in a research report on Wednesday, February 4th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of The Hain Celestial Group in a research note on Friday, January 9th. Finally, Stephens decreased their price objective on shares of The Hain Celestial Group from $2.00 to $1.00 and set an “equal weight” rating for the company in a report on Tuesday, February 17th. One research analyst has rated the stock with a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, The Hain Celestial Group currently has an average rating of “Reduce” and an average price target of $2.14.

The Hain Celestial Group Price Performance

Shares of HAIN stock opened at $0.88 on Thursday. The Hain Celestial Group has a 12-month low of $0.58 and a 12-month high of $3.51. The firm has a market capitalization of $79.82 million, a price-to-earnings ratio of -0.14 and a beta of 0.65. The business has a 50 day simple moving average of $0.82 and a 200 day simple moving average of $1.10.

The Hain Celestial Group (NASDAQ:HAIN) last announced its earnings results on Monday, February 9th. The company reported ($0.03) earnings per share for the quarter, meeting the consensus estimate of ($0.03). The Hain Celestial Group had a negative return on equity of 1.15% and a negative net margin of 36.12%.The firm had revenue of $384.12 million for the quarter, compared to the consensus estimate of $383.23 million. On average, equities analysts anticipate that The Hain Celestial Group will post 0.4 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Coldstream Capital Management Inc. bought a new stake in The Hain Celestial Group in the third quarter worth about $29,000. Thrivent Financial for Lutherans boosted its position in shares of The Hain Celestial Group by 104.8% during the 2nd quarter. Thrivent Financial for Lutherans now owns 21,500 shares of the company’s stock valued at $32,000 after purchasing an additional 11,000 shares in the last quarter. Mariner LLC grew its stake in shares of The Hain Celestial Group by 98.0% in the 4th quarter. Mariner LLC now owns 30,098 shares of the company’s stock worth $32,000 after purchasing an additional 14,895 shares during the last quarter. Stifel Financial Corp bought a new stake in shares of The Hain Celestial Group in the 4th quarter worth approximately $36,000. Finally, Amundi acquired a new stake in The Hain Celestial Group during the fourth quarter valued at approximately $37,000. 97.01% of the stock is owned by institutional investors and hedge funds.

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.