The Hain Celestial Group (NASDAQ:HAIN) Cut to Sell at Wall Street Zen

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

Several other equities analysts have also issued reports on the company. Zacks Research upgraded The Hain Celestial Group from a “strong sell” rating to a “hold” rating in a research note on Wednesday, February 4th. DA Davidson restated a “neutral” rating and issued a $1.50 price target on shares of The Hain Celestial Group in a report on Tuesday, February 3rd. Stephens cut their price objective 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. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of The Hain Celestial Group in a research report on Friday, January 9th. One investment analyst has rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, The Hain Celestial Group has a consensus rating of “Hold” and an average price target of $2.53.

The Hain Celestial Group Stock Performance

NASDAQ HAIN opened at $0.81 on Friday. The company has a market cap of $73.87 million, a PE ratio of -0.13 and a beta of 0.61. The firm’s 50 day moving average price is $1.11 and its 200-day moving average price is $1.34. The Hain Celestial Group has a 52-week low of $0.81 and a 52-week high of $4.84.

The Hain Celestial Group (NASDAQ:HAIN) last posted its earnings results on Monday, February 9th. The company reported ($0.03) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.03). The company 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%. On average, analysts forecast that The Hain Celestial Group will post 0.4 earnings per share for the current fiscal year.

Insider Transactions at The Hain Celestial Group

In other The Hain Celestial Group news, Director Carlyn R. Taylor sold 53,957 shares of the firm’s stock in a transaction on Thursday, December 18th. The shares were sold at an average price of $1.17, for a total value of $63,129.69. Following the completion of the transaction, the director owned 264,203 shares of the company’s stock, 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 is accessible through the SEC website. Insiders own 1.71% of the company’s stock.

Hedge Funds Weigh In On The Hain Celestial Group

Several hedge funds have recently made changes to their positions in the company. Coldstream Capital Management Inc. purchased a new position in The Hain Celestial Group in the 3rd quarter worth $29,000. Thrivent Financial for Lutherans raised its stake 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 worth $32,000 after purchasing an additional 11,000 shares during the last quarter. Mariner LLC lifted its holdings in shares of The Hain Celestial Group by 98.0% during the fourth 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 period. Stifel Financial Corp acquired a new stake in shares of The Hain Celestial Group during the fourth quarter worth about $36,000. Finally, Amundi purchased a new stake in The Hain Celestial Group in 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.