The Hain Celestial Group (NASDAQ:HAIN) Upgraded to Hold at Wall Street Zen

Wall Street Zen upgraded shares of The Hain Celestial Group (NASDAQ:HAIN) from a sell rating to a hold rating in a research note released on Saturday.

Several other analysts have also commented on HAIN. Stephens dropped their price target 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 report on Tuesday, February 17th. 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. Barclays lowered shares of The Hain Celestial Group from an “equal weight” rating to an “underweight” rating and dropped their price target for the company from $1.50 to $0.50 in a research report on Monday, March 16th. William Blair lowered shares of The Hain Celestial Group from an “outperform” rating to a “market perform” rating in a research report on Thursday, April 9th. Finally, DA Davidson reiterated a “neutral” rating and issued a $1.50 target price on shares of The Hain Celestial Group in a research report on Tuesday, February 3rd. Six analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Reduce” and an average price target of $1.26.

The Hain Celestial Group Stock Performance

HAIN stock opened at $0.78 on Friday. The firm has a market cap of $70.21 million, a PE ratio of -0.14 and a beta of 0.61. The firm’s fifty day moving average is $0.75 and its 200 day moving average is $0.98. The Hain Celestial Group has a one year low of $0.55 and a one year high of $2.22.

The Hain Celestial Group (NASDAQ:HAIN) last released its quarterly earnings results on Monday, May 11th. The company reported ($0.01) EPS for the quarter, beating the consensus estimate of ($0.02) by $0.01. The company had revenue of $338.36 million for the quarter, compared to analyst estimates of $341.99 million. The Hain Celestial Group had a negative net margin of 35.47% and a negative return on equity of 3.52%. Research analysts predict that The Hain Celestial Group will post -0.16 earnings per share for the current fiscal year.

Institutional Trading of The Hain Celestial Group

Several institutional investors have recently modified their holdings of the stock. Wealth Enhancement Advisory Services LLC grew its position in shares of The Hain Celestial Group by 26.1% in the third 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 during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position 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 valued at $102,000 after purchasing an additional 9,350 shares during the period. American Century Companies Inc. grew its position in shares of The Hain Celestial Group by 8.9% in the second quarter. American Century Companies Inc. now owns 124,721 shares of the company’s stock valued at $190,000 after purchasing an additional 10,200 shares during the period. Thrivent Financial for Lutherans grew its position 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 purchasing an additional 11,000 shares during the period. Finally, Blair William & Co. IL grew its position in shares of The Hain Celestial Group by 5.2% in the third quarter. Blair William & Co. IL now owns 249,838 shares of the company’s stock valued at $395,000 after purchasing an additional 12,327 shares during the period. Institutional investors and hedge funds 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.