BidaskClub downgraded shares of Hain Celestial Group (NASDAQ:HAIN) from a hold rating to a sell rating in a report issued on Friday morning.

Several other equities research analysts have also recently weighed in on HAIN. Wells Fargo & Co reaffirmed a market perform rating and issued a $42.00 price target on shares of Hain Celestial Group in a research report on Saturday, September 30th. Loop Capital reaffirmed a hold rating and issued a $38.00 price target on shares of Hain Celestial Group in a research report on Friday, December 22nd. Susquehanna Bancshares reaffirmed a hold rating and issued a $45.00 price target on shares of Hain Celestial Group in a research report on Thursday, September 14th. SunTrust Banks reaffirmed a hold rating and issued a $35.00 price target on shares of Hain Celestial Group in a research report on Friday, November 10th. Finally, Zacks Investment Research cut shares of Hain Celestial Group from a buy rating to a hold rating in a research report on Thursday, November 9th. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of Hold and a consensus target price of $41.31.

Shares of Hain Celestial Group (NASDAQ HAIN) traded down $0.09 on Friday, hitting $40.51. 1,549,095 shares of the stock traded hands, compared to its average volume of 1,500,000. Hain Celestial Group has a 52-week low of $31.01 and a 52-week high of $45.61. The stock has a market cap of $4,220.00, a PE ratio of 54.01, a PEG ratio of 1.75 and a beta of 1.25. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.50 and a quick ratio of 1.22.

Hain Celestial Group (NASDAQ:HAIN) last announced its quarterly earnings results on Tuesday, November 7th. The company reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.01). Hain Celestial Group had a return on equity of 8.03% and a net margin of 2.73%. The business had revenue of $708.30 million during the quarter, compared to analysts’ expectations of $697.39 million. During the same period in the previous year, the company posted $0.14 EPS. Hain Celestial Group’s revenue for the quarter was up 3.9% on a year-over-year basis. equities analysts expect that Hain Celestial Group will post 1.66 earnings per share for the current fiscal year.

In related news, Director Richard Dean Hollis purchased 10,000 shares of the business’s stock in a transaction on Friday, November 10th. The shares were acquired at an average price of $35.27 per share, for a total transaction of $352,700.00. Following the purchase, the director now owns 10,000 shares of the company’s stock, valued at approximately $352,700. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO James M. Langrock purchased 5,000 shares of the business’s stock in a transaction on Thursday, November 9th. The shares were bought at an average price of $34.40 per share, for a total transaction of $172,000.00. Following the purchase, the chief financial officer now directly owns 59,233 shares in the company, valued at approximately $2,037,615.20. The disclosure for this purchase can be found here. Insiders have acquired a total of 68,500 shares of company stock worth $2,352,730 in the last 90 days. 12.34% of the stock is currently owned by company insiders.

A number of institutional investors have recently modified their holdings of the business. Saratoga Research & Investment Management acquired a new stake in shares of Hain Celestial Group in the third quarter worth $124,000. Miles Capital Inc. acquired a new stake in shares of Hain Celestial Group in the second quarter worth $201,000. First National Trust Co. acquired a new stake in shares of Hain Celestial Group in the third quarter worth $201,000. Oakbrook Investments LLC acquired a new stake in shares of Hain Celestial Group in the third quarter worth $202,000. Finally, GSA Capital Partners LLP acquired a new stake in shares of Hain Celestial Group in the third quarter worth $228,000. Institutional investors and hedge funds own 89.95% of the company’s stock.

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Hain Celestial Group Company Profile

The Hain Celestial Group, Inc is an organic and natural products company. The Company and its subsidiaries manufacture, market, distribute and sell organic and natural products under brand names which are sold as better-for-you products. The Company’s segments include United States, United Kingdom, Hain Pure Protein and Rest of World.

Analyst Recommendations for Hain Celestial Group (NASDAQ:HAIN)

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