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 published on Saturday,Wall Street Zen reports.

Other equities research analysts also recently issued research reports about the company. Weiss Ratings raised The Hain Celestial Group from a “sell (e)” rating to a “sell (e+)” rating in a research report on Monday, September 14th. Jefferies Financial Group reduced their price target on The Hain Celestial Group from $1.03 to $0.81 and set a “hold” rating on the stock in a research report on Tuesday, July 7th. Five investment analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Reduce” and an average target price of $0.95.

The Hain Celestial Group Trading Down 1.5%

Shares of HAIN stock opened at $0.49 on Friday. The company’s fifty day simple moving average is $0.61 and its 200-day simple moving average is $0.67. The Hain Celestial Group has a 52 week low of $0.48 and a 52 week high of $1.69. The company has a market cap of $44.58 million, a PE ratio of -0.15 and a beta of 0.80.

The Hain Celestial Group (NASDAQ:HAIN) last announced its quarterly earnings results on Monday, September 14th. The company reported ($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.02). The Hain Celestial Group had a negative return on equity of 5.45% and a negative net margin of 22.53%.The business had revenue of $263.07 million for the quarter, compared to analysts’ expectations of $261.24 million. Equities research analysts expect that The Hain Celestial Group will post 0.08 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Nantahala Capital Management LLC bought a new position in The Hain Celestial Group in the second quarter worth about $4,777,828. BlackRock Inc. bought a new position in shares of The Hain Celestial Group during the second quarter valued at approximately $1,624,000. Man Group plc bought a new position in shares of The Hain Celestial Group during the second quarter valued at approximately $750,000. Assenagon Asset Management S.A. raised its position in shares of The Hain Celestial Group by 283.4% during the 1st quarter. Assenagon Asset Management S.A. now owns 1,218,733 shares of the company’s stock worth $850,000 after purchasing an additional 900,831 shares during the period. Finally, Solas Capital Management LLC bought a new stake in shares of The Hain Celestial Group in the 2nd quarter worth approximately $480,000. Institutional investors and hedge funds own 97.01% of the company’s stock.

About The Hain Celestial Group

The Hain Celestial Group, Inc is a consumer packaged goods company focused on better-for-you products, including organic, natural, plant-based and specialty foods, as well as personal-care items. Its products are sold through grocery stores, mass retailers, natural-food retailers, e-commerce channels and other outlets.

The company’s portfolio has included brands such as Earth’s Best, Terra, Garden of Eatin’, Celestial Seasonings, Alba Botanica, Avalon Organics and JASON. Its offerings span snacks, cereals, baby and toddler foods, teas, personal-care products and other grocery categories.