The Hain Celestial Group’s (HAIN) “Sell (E+)” Rating Reiterated at Weiss Ratings

Weiss Ratings restated their sell (e+) rating on shares of The Hain Celestial Group (NASDAQ:HAIN) in a research report released on Tuesday morning,Weiss Ratings reports.

Several other equities research analysts have also recently issued reports on HAIN. Wall Street Zen cut The Hain Celestial Group from a “hold” rating to a “sell” rating in a report on Saturday, September 20th. Barclays cut their target price on The Hain Celestial Group from $2.00 to $1.50 and set an “equal weight” rating on the stock in a research report on Wednesday, September 17th. Mizuho cut their target price on The Hain Celestial Group from $2.50 to $1.50 and set a “neutral” rating on the stock in a research report on Tuesday, September 16th. Zacks Research lowered The Hain Celestial Group from a “hold” rating to a “strong sell” rating in a research report on Wednesday, September 17th. Finally, Stephens lowered The Hain Celestial Group from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $3.00 to $2.00 in a research report on Wednesday, September 17th. One research analyst has rated the stock with a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, The Hain Celestial Group presently has a consensus rating of “Reduce” and an average target price of $3.28.

The Hain Celestial Group Price Performance

HAIN stock opened at $1.33 on Tuesday. The Hain Celestial Group has a 52-week low of $1.29 and a 52-week high of $9.43. The stock’s fifty day simple moving average is $1.67 and its 200-day simple moving average is $1.99. The company has a quick ratio of 1.02, a current ratio of 1.91 and a debt-to-equity ratio of 1.47. The stock has a market capitalization of $120.09 million, a price-to-earnings ratio of -0.22 and a beta of 0.82.

The Hain Celestial Group (NASDAQ:HAIN) last posted its quarterly earnings data on Monday, September 15th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.06). The Hain Celestial Group had a positive return on equity of 1.10% and a negative net margin of 34.03%.The business had revenue of $363.35 million for the quarter, compared to analyst estimates of $371.58 million. During the same quarter last year, the business earned $0.13 EPS. The Hain Celestial Group’s revenue for the quarter was down 13.4% compared to the same quarter last year. Equities research analysts expect that The Hain Celestial Group will post 0.4 EPS for the current year.

Insider Activity

In related news, Director Neil Campbell acquired 62,640 shares of the business’s stock in a transaction on Friday, September 19th. The shares were bought at an average cost of $1.52 per share, with a total value of $95,212.80. Following the completion of the transaction, the director directly owned 125,569 shares of the company’s stock, valued at $190,864.88. This trade represents a 99.54% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Alison Lewis acquired 44,895 shares of the business’s stock in a transaction on Friday, September 19th. The stock was bought at an average cost of $1.50 per share, for a total transaction of $67,342.50. Following the completion of the transaction, the chief executive officer directly owned 74,895 shares of the company’s stock, valued at $112,342.50. This trade represents a 149.65% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired 137,535 shares of company stock worth $207,255 over the last three months. 1.71% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Signaturefd LLC raised its position in The Hain Celestial Group by 174.5% in the first quarter. Signaturefd LLC now owns 6,858 shares of the company’s stock valued at $28,000 after purchasing an additional 4,360 shares during the period. Brooklyn Investment Group raised its position in The Hain Celestial Group by 6,315.1% in the first quarter. Brooklyn Investment Group now owns 12,766 shares of the company’s stock valued at $53,000 after purchasing an additional 12,567 shares during the period. State of Wyoming purchased a new position in The Hain Celestial Group in the first quarter valued at about $63,000. CWM LLC raised its position in The Hain Celestial Group by 106.8% in the first quarter. CWM LLC now owns 15,493 shares of the company’s stock valued at $64,000 after purchasing an additional 8,000 shares during the period. Finally, Cerity Partners LLC grew its stake in shares of The Hain Celestial Group by 50.8% during the first quarter. Cerity Partners LLC now owns 16,708 shares of the company’s stock valued at $69,000 after acquiring an additional 5,625 shares in the last quarter. 97.01% of the stock is owned by hedge funds and other institutional investors.

About The Hain Celestial Group

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.