The Hain Celestial Group (NASDAQ:HAIN) Upgraded by Zacks Research to “Hold” Rating

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

Other equities analysts also recently issued research reports about the company. Weiss Ratings reiterated a “sell (e+)” rating on shares of The Hain Celestial Group in a report on Friday, January 9th. DA Davidson reaffirmed a “neutral” rating and issued a $1.50 target price on shares of The Hain Celestial Group in a research report on Tuesday. Finally, Wall Street Zen raised shares of The Hain Celestial Group from a “sell” rating to a “hold” rating in a research report on Sunday, November 16th. One equities research analyst has rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $2.63.

The Hain Celestial Group Stock Performance

The Hain Celestial Group stock opened at $1.18 on Wednesday. The Hain Celestial Group has a fifty-two week low of $1.00 and a fifty-two week high of $5.07. The stock’s 50 day simple moving average is $1.15 and its two-hundred day simple moving average is $1.40. The company has a debt-to-equity ratio of 1.59, a quick ratio of 1.06 and a current ratio of 1.89. The stock has a market cap of $106.87 million, a price-to-earnings ratio of -0.20 and a beta of 0.61.

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

Insider Buying and Selling

In other The Hain Celestial Group news, Director Carlyn R. Taylor sold 53,957 shares of the firm’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 completion of the sale, the director directly owned 264,203 shares in the company, valued at approximately $309,117.51. This trade represents a 16.96% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.71% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in HAIN. Intech Investment Management LLC increased its position in shares of The Hain Celestial Group by 14.2% during the second quarter. Intech Investment Management LLC now owns 53,821 shares of the company’s stock valued at $82,000 after acquiring an additional 6,673 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in The Hain Celestial Group by 26.1% during the 3rd 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 last quarter. Vanguard Personalized Indexing Management LLC increased its holdings in shares of The Hain Celestial Group by 45.0% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 30,067 shares of the company’s stock worth $46,000 after purchasing an additional 9,335 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake 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 worth $102,000 after purchasing an additional 9,350 shares during the last quarter. Finally, Grace & White Inc. NY lifted its holdings in shares of The Hain Celestial Group by 35.7% during the second quarter. Grace & White Inc. NY now owns 38,000 shares of the company’s stock valued at $58,000 after purchasing an additional 10,000 shares in the last quarter. Institutional investors own 97.01% of the company’s stock.

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.