The Hain Celestial Group (NASDAQ:HAIN) Cut to “Strong Sell” at Zacks Research

The Hain Celestial Group (NASDAQ:HAIN) was downgraded by Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued to investors on Wednesday, Zacks reports.

A number of other research firms have also weighed in on HAIN. Wall Street Zen lowered shares of The Hain Celestial Group from a “hold” rating to a “sell” rating in a research report on Saturday, September 26th. 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 cut their target price 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. Finally, Barclays reduced their price target on shares of The Hain Celestial Group from $0.50 to $0.30 and set an “underweight” rating on the stock in a research report on Friday, October 16th. Four equities research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Reduce” and an average target price of $0.90.

The Hain Celestial Group Trading Down 22.0%

NASDAQ:HAIN opened at $0.16 on Wednesday. The Hain Celestial Group has a 12 month low of $0.14 and a 12 month high of $1.52. The stock has a 50 day moving average of $0.57 and a two-hundred day moving average of $0.64. The firm has a market cap of $14.27 million, a P/E ratio of -0.05 and a beta of 0.95.

The Hain Celestial Group (NASDAQ:HAIN) last announced its earnings results on Monday, September 14th. The company reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.02). The firm had revenue of $263.07 million for the quarter, compared to analyst estimates of $261.24 million. The Hain Celestial Group had a negative net margin of 22.53% and a negative return on equity of 5.45%. On average, research analysts forecast that The Hain Celestial Group will post 0.01 earnings per share for the current year.

Hedge Funds Weigh In On The Hain Celestial Group

Several large investors have recently bought and sold shares of the stock. Empowered Funds LLC acquired a new stake in shares of The Hain Celestial Group in the 2nd quarter valued at about $42,000. Rockefeller Capital Management L.P. grew its position in The Hain Celestial Group by 26,624.2% in the 4th quarter. Rockefeller Capital Management L.P. now owns 83,914 shares of the company’s stock valued at $90,000 after buying an additional 83,600 shares during the last quarter. Bank of New York Mellon Corp acquired a new position in shares of The Hain Celestial Group during the second quarter worth about $50,000. Bank of America Corp DE acquired a new position in The Hain Celestial Group during the 2nd quarter worth approximately $50,000. Finally, Hsbc Holdings PLC acquired a new position in The Hain Celestial Group during the second quarter worth $52,000. 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 products company focused on better-for-you, natural and organic foods, beverages and personal care products. Its portfolio includes pantry staples, snacks, plant-based foods, teas, infant and children’s foods, and personal care products.

The company’s brands have included Celestial Seasonings, Earth’s Best, Terra, Garden of Eatin’, Imagine, Sensible Portions, The Greek Gods, Alba Botanica, Avalon Organics and Jason. Products are sold through grocery stores, mass retailers, club stores, natural-food retailers, e-commerce channels and other outlets.

Founded in 1993 by Irwin Simon, Hain Celestial expanded through brand development and acquisitions, including its combination with Celestial Seasonings in 2000.