The Hain Celestial Group (NASDAQ:HAIN) Downgraded to “Underweight” Rating by Barclays

The Hain Celestial Group (NASDAQ:HAIN) was downgraded by analysts at Barclays from an “equal weight” rating to an “underweight” rating in a research report issued on Monday, MarketBeat Ratings reports. They presently have a $0.50 price target on the stock. Barclays‘s price objective would indicate a potential downside of 24.77% from the company’s current price.

Other equities research analysts have also issued research reports about the stock. DA Davidson restated a “neutral” rating and set a $1.50 price target on shares of The Hain Celestial Group in a report on Tuesday, February 3rd. Zacks Research raised shares of The Hain Celestial Group from a “strong sell” rating to a “hold” rating in a research note on Wednesday, February 4th. Stephens lowered 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. Weiss Ratings reissued a “sell (e+)” rating on shares of The Hain Celestial Group in a research note on Friday, January 9th. Finally, Wall Street Zen lowered The Hain Celestial Group from a “hold” rating to a “sell” rating in a report on Saturday, February 21st. One equities research analyst has rated the stock with a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce” and an average price target of $2.14.

The Hain Celestial Group Stock Up 7.0%

NASDAQ:HAIN opened at $0.66 on Monday. The stock has a fifty day simple moving average of $1.00 and a 200 day simple moving average of $1.23. The firm has a market capitalization of $60.47 million, a price-to-earnings ratio of -0.11 and a beta of 0.65. The Hain Celestial Group has a 1-year low of $0.60 and a 1-year high of $4.32.

The Hain Celestial Group (NASDAQ:HAIN) last posted its quarterly earnings data on Monday, February 9th. The company reported ($0.03) earnings per share (EPS) for the quarter, hitting 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. Equities analysts predict that The Hain Celestial Group will post 0.4 earnings per share for the current year.

Insiders Place Their Bets

In other The Hain Celestial Group news, Director Carlyn R. Taylor sold 53,957 shares of the company’s stock in a transaction that occurred 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 transaction, the director owned 264,203 shares in the company, valued at approximately $309,117.51. This represents a 16.96% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.71% of the company’s stock.

Hedge Funds Weigh In On The Hain Celestial Group

Several institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in shares of The Hain Celestial Group by 8.0% in the third quarter. Vanguard Group Inc. now owns 7,029,733 shares of the company’s stock worth $11,107,000 after acquiring an additional 517,777 shares during the last quarter. Nantahala Capital Management LLC boosted its position in The Hain Celestial Group by 117.6% during the fourth quarter. Nantahala Capital Management LLC now owns 6,528,789 shares of the company’s stock valued at $6,986,000 after purchasing an additional 3,528,789 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in The Hain Celestial Group by 33.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,853,731 shares of the company’s stock valued at $6,263,000 after purchasing an additional 1,470,360 shares in the last quarter. Millennium Management LLC increased its position in The Hain Celestial Group by 295.4% in the 1st quarter. Millennium Management LLC now owns 4,731,690 shares of the company’s stock worth $19,637,000 after purchasing an additional 3,535,073 shares during the last quarter. Finally, AQR Capital Management LLC increased its position in The Hain Celestial Group by 12.0% in the 4th quarter. AQR Capital Management LLC now owns 2,067,043 shares of the company’s stock worth $2,212,000 after purchasing an additional 221,269 shares during the last quarter. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

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.