The Hain Celestial Group’s (HAIN) Neutral Rating Reiterated at DA Davidson

DA Davidson reiterated their neutral rating on shares of The Hain Celestial Group (NASDAQ:HAIN) in a research report released on Tuesday,Benzinga reports. The brokerage currently has a $1.50 price objective on the stock.

A number of other equities research analysts also recently weighed in on the stock. Wall Street Zen upgraded shares of The Hain Celestial Group from a “sell” rating to a “hold” rating in a research note on Sunday, November 16th. Zacks Research downgraded shares of The Hain Celestial Group from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 6th. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of The Hain Celestial Group in a research note on Friday, January 9th. One research analyst has rated the stock with a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Reduce” and an average target price of $2.63.

The Hain Celestial Group Stock Performance

Shares of HAIN opened at $1.18 on Tuesday. The Hain Celestial Group has a 12-month low of $1.00 and a 12-month high of $5.07. The company has a quick ratio of 1.06, a current ratio of 1.89 and a debt-to-equity ratio of 1.59. The firm has a market capitalization of $106.87 million, a price-to-earnings ratio of -0.20 and a beta of 0.61. The stock’s 50-day moving average price is $1.15 and its 200 day moving average price is $1.40.

The Hain Celestial Group (NASDAQ:HAIN) last announced its quarterly earnings data on Friday, November 7th. The company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.04). The firm had revenue of $367.88 million during the quarter, compared to the consensus estimate of $361.09 million. The Hain Celestial Group had a positive return on equity of 0.77% and a negative net margin of 34.69%. As a group, research analysts predict that The Hain Celestial Group will post 0.4 earnings per share for the current year.

Insider Buying and Selling

In other The Hain Celestial Group news, Director Carlyn R. Taylor sold 53,957 shares of the company’s stock in a transaction dated Thursday, December 18th. The shares were sold at an average price of $1.17, for a total transaction of $63,129.69. Following the sale, the director directly owned 264,203 shares of the company’s stock, valued at approximately $309,117.51. This represents a 16.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.71% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Millennium Management LLC increased its holdings in The Hain Celestial Group by 295.4% during the 1st quarter. Millennium Management LLC now owns 4,731,690 shares of the company’s stock valued at $19,637,000 after purchasing an additional 3,535,073 shares in the last quarter. Nantahala Capital Management LLC bought a new stake in shares of The Hain Celestial Group during the second quarter worth $4,560,000. Russell Investments Group Ltd. raised its holdings in shares of The Hain Celestial Group by 7,269.0% in the third quarter. Russell Investments Group Ltd. now owns 1,087,961 shares of the company’s stock valued at $1,719,000 after buying an additional 1,073,197 shares during the last quarter. AQR Capital Management LLC raised its holdings in shares of The Hain Celestial Group by 151.1% in the first quarter. AQR Capital Management LLC now owns 1,066,048 shares of the company’s stock valued at $4,424,000 after buying an additional 641,567 shares during the last quarter. Finally, Vanguard Group Inc. lifted its position in The Hain Celestial Group by 8.0% during the 3rd quarter. Vanguard Group Inc. now owns 7,029,733 shares of the company’s stock worth $11,107,000 after buying an additional 517,777 shares in the last quarter. 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.