The Hain Celestial Group (NASDAQ:HAIN) Raised to Hold at Zacks Research

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

Other analysts also recently issued research reports about the stock. Barclays dropped their target price on shares of The Hain Celestial Group from $4.00 to $2.00 and set an “equal weight” rating on the stock in a research report on Monday, May 12th. Maxim Group reduced their price objective on The Hain Celestial Group from $10.00 to $5.00 and set a “buy” rating for the company in a research note on Thursday, May 8th. Stifel Nicolaus reduced their price objective on The Hain Celestial Group from $4.00 to $1.50 and set a “hold” rating for the company in a research note on Thursday, May 8th. Piper Sandler reduced their price objective on The Hain Celestial Group from $2.00 to $1.80 and set a “neutral” rating for the company in a research note on Tuesday, June 3rd. Finally, Sanford C. Bernstein cut The Hain Celestial Group from an “outperform” rating to a “market perform” rating and set a $1.50 price objective for the company. in a research note on Thursday, May 8th. One analyst has rated the stock with a Buy rating and ten have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $3.59.

The Hain Celestial Group Stock Down 3.9%

NASDAQ:HAIN opened at $1.72 on Tuesday. The company has a market cap of $155.23 million, a PE ratio of -0.60 and a beta of 0.76. The Hain Celestial Group has a twelve month low of $1.30 and a twelve month high of $9.43. The company has a current ratio of 1.81, a quick ratio of 0.99 and a debt-to-equity ratio of 1.01. The company’s 50 day moving average is $1.66 and its two-hundred day moving average is $2.69.

Institutional Trading of The Hain Celestial Group

Several hedge funds and other institutional investors have recently bought and sold shares of HAIN. Millennium Management LLC grew its holdings in The Hain Celestial Group by 295.4% during the first quarter. Millennium Management LLC now owns 4,731,690 shares of the company’s stock worth $19,637,000 after acquiring an additional 3,535,073 shares during the period. Nantahala Capital Management LLC acquired a new stake in The Hain Celestial Group during the second quarter worth about $4,560,000. Wellington Management Group LLP acquired a new position in shares of The Hain Celestial Group during the fourth quarter valued at approximately $14,322,000. Frontier Capital Management Co. LLC raised its holdings in shares of The Hain Celestial Group by 512.0% during the fourth quarter. Frontier Capital Management Co. LLC now owns 2,520,722 shares of the company’s stock valued at $15,502,000 after acquiring an additional 2,108,845 shares during the last quarter. Finally, Raiffeisen Bank International AG acquired a new position in shares of The Hain Celestial Group during the fourth quarter valued at approximately $12,619,000. 97.01% of the stock is owned by institutional investors and hedge funds.

The Hain Celestial Group Company Profile

The Hain Celestial Group, Inc manufactures, markets, and sells organic and natural products in United States, United Kingdom, Europe, and internationally. It operates through two segments: North America and International. The company offers infant formula; infant, toddler, and kids' food; plant-based beverages and frozen desserts, such as soy, rice, oat, and spelt; and condiments.