The Hain Celestial Group (NASDAQ:HAIN) Stock Moved Down to Strong Sell by Zacks Research

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

Several other equities research analysts have also recently commented on the company. Jefferies Financial Group decreased their target price on The Hain Celestial Group from $1.03 to $0.81 and set a “hold” rating for the company in a research note on Tuesday, July 7th. Wall Street Zen downgraded The Hain Celestial Group from a “hold” rating to a “sell” rating in a report on Saturday, September 26th. Barclays dropped their price target on The Hain Celestial Group from $0.50 to $0.30 and set an “underweight” rating on the stock in a research note on Friday, October 16th. Finally, Weiss Ratings upgraded The Hain Celestial Group from a “sell (e)” rating to a “sell (e+)” rating in a report on Monday, September 14th. Four investment analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, The Hain Celestial Group currently has an average rating of “Reduce” and a consensus price target of $0.90.

The Hain Celestial Group Stock Down 22.0%

HAIN stock opened at $0.16 on Wednesday. The firm has a market cap of $14.27 million, a price-to-earnings ratio of -0.05 and a beta of 0.95. The company’s fifty day simple moving average is $0.57 and its 200 day simple moving average is $0.64. The Hain Celestial Group has a 12-month low of $0.14 and a 12-month high of $1.52.

The Hain Celestial Group (NASDAQ:HAIN) last issued its quarterly earnings results on Monday, September 14th. The company reported ($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.02). The Hain Celestial Group had a negative return on equity of 5.45% and a negative net margin of 22.53%. The business had revenue of $263.07 million for the quarter, compared to analyst estimates of $261.24 million. Research analysts expect that The Hain Celestial Group will post 0.01 earnings per share for the current year.

Institutional Trading of The Hain Celestial Group

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Empowered Funds LLC acquired a new position in The Hain Celestial Group during the second quarter worth $42,000. Rockefeller Capital Management L.P. grew its holdings in shares of The Hain Celestial Group by 26,624.2% during the fourth quarter. Rockefeller Capital Management L.P. now owns 83,914 shares of the company’s stock valued at $90,000 after buying an additional 83,600 shares during the last quarter. Bank of New York Mellon Corp acquired a new position in shares of The Hain Celestial Group during the second quarter valued at about $50,000. Bank of America Corp DE bought a new stake in shares of The Hain Celestial Group during the second quarter worth about $50,000. Finally, Hsbc Holdings PLC bought a new stake in shares of The Hain Celestial Group during the second quarter worth about $52,000. Institutional investors own 97.01% of the company’s stock.

The Hain Celestial Group Company Profile

The Hain Celestial Group, Inc is a consumer products company focused on better-for-you, natural and organic foods, beverages and personal care products. Its portfolio includes pantry staples, snacks, plant-based foods, teas, infant and children’s foods, and personal care products.

The company’s brands have included Celestial Seasonings, Earth’s Best, Terra, Garden of Eatin’, Imagine, Sensible Portions, The Greek Gods, Alba Botanica, Avalon Organics and Jason. Products are sold through grocery stores, mass retailers, club stores, natural-food retailers, e-commerce channels and other outlets.

Founded in 1993 by Irwin Simon, Hain Celestial expanded through brand development and acquisitions, including its combination with Celestial Seasonings in 2000.