Hain Celestial Group (NASDAQ:HAIN) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.

According to Zacks, “Hain Celestial shares have underperformed the industry in the past three months. Stiff competition from companies expanding their presence in the natural & organic food business and foreign currency headwind remain deterrents. However, with an extensive portfolio of well-known brands, it offers investors one of the strongest growth profiles in the industry. Acquisitions have been a key part of the company’s strategy to build market share. A healthy balance sheet enables it to target strategic buyout opportunities. In November, the company reported first-quarter fiscal 2018 results wherein the top line beat estimate but the bottom line came in line with the estimate. The company expects to sustain the momentum into fiscal 2018 with net sales projected to increase in the band of 4-6%. Moreover, Hain Celestial being one of the largest suppliers to Whole Foods is viewing its acquisition by Amazon as a lucrative opportunity.”

A number of other equities research analysts also recently weighed in on HAIN. Wells Fargo & Co reiterated a “market perform” rating and set a $42.00 price target on shares of Hain Celestial Group in a research note on Saturday, September 30th. Sanford C. Bernstein initiated coverage on shares of Hain Celestial Group in a research note on Friday, October 6th. They set a “market perform” rating and a $45.00 price target on the stock. BMO Capital Markets downgraded shares of Hain Celestial Group from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $48.00 to $44.00 in a research note on Thursday, October 19th. TheStreet downgraded shares of Hain Celestial Group from a “b-” rating to a “c” rating in a research note on Tuesday, November 7th. Finally, Royal Bank of Canada reiterated a “hold” rating on shares of Hain Celestial Group in a research note on Thursday, November 9th. Three analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $41.31.

Shares of Hain Celestial Group (NASDAQ:HAIN) traded down $0.04 on Tuesday, reaching $39.41. 738,500 shares of the company traded hands, compared to its average volume of 883,656. The company has a market capitalization of $4,170.00, a price-to-earnings ratio of 52.55, a PEG ratio of 1.68 and a beta of 1.25. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.22 and a current ratio of 2.50. Hain Celestial Group has a 52-week low of $31.01 and a 52-week high of $45.61.

Hain Celestial Group (NASDAQ:HAIN) last announced its quarterly earnings data on Tuesday, November 7th. The company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.01). The company had revenue of $708.30 million during the quarter, compared to analyst estimates of $697.39 million. Hain Celestial Group had a return on equity of 8.03% and a net margin of 2.73%. The company’s revenue was up 3.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.14 EPS. research analysts expect that Hain Celestial Group will post 1.68 EPS for the current year.

In other news, Director Richard Dean Hollis acquired 10,000 shares of the company’s stock in a transaction on Friday, November 10th. The stock was purchased at an average cost of $35.27 per share, with a total value of $352,700.00. Following the acquisition, the director now owns 10,000 shares of the company’s stock, valued at approximately $352,700. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Michael B. Mcguinness acquired 3,500 shares of the company’s stock in a transaction on Thursday, November 9th. The shares were purchased at an average cost of $34.58 per share, with a total value of $121,030.00. Following the completion of the acquisition, the senior vice president now directly owns 55,131 shares in the company, valued at approximately $1,906,429.98. The disclosure for this purchase can be found here. Insiders purchased 68,500 shares of company stock valued at $2,352,730 over the last ninety days. 12.34% of the stock is currently owned by company insiders.

Several institutional investors have recently bought and sold shares of the company. Schwab Charles Investment Management Inc. raised its stake in shares of Hain Celestial Group by 16.7% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 412,233 shares of the company’s stock worth $16,003,000 after purchasing an additional 59,064 shares in the last quarter. Alliancebernstein L.P. boosted its position in shares of Hain Celestial Group by 3.1% during the second quarter. Alliancebernstein L.P. now owns 63,420 shares of the company’s stock valued at $2,462,000 after buying an additional 1,907 shares during the last quarter. Teachers Advisors LLC boosted its position in shares of Hain Celestial Group by 13.2% during the second quarter. Teachers Advisors LLC now owns 123,735 shares of the company’s stock valued at $4,803,000 after buying an additional 14,435 shares during the last quarter. Ameriprise Financial Inc. boosted its position in shares of Hain Celestial Group by 25.8% during the second quarter. Ameriprise Financial Inc. now owns 734,916 shares of the company’s stock valued at $28,531,000 after buying an additional 150,547 shares during the last quarter. Finally, Nationwide Fund Advisors boosted its position in shares of Hain Celestial Group by 46.4% during the second quarter. Nationwide Fund Advisors now owns 252,782 shares of the company’s stock valued at $9,813,000 after buying an additional 80,065 shares during the last quarter. Institutional investors own 89.99% of the company’s stock.

ILLEGAL ACTIVITY WARNING: This article was first published by American Banking News and is the sole property of of American Banking News. If you are viewing this article on another site, it was illegally copied and reposted in violation of U.S. & international copyright & trademark laws. The original version of this article can be viewed at https://www.americanbankingnews.com/2018/01/16/hain-celestial-group-hain-upgraded-to-hold-at-zacks-investment-research.html.

About Hain Celestial Group

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.

Get a free copy of the Zacks research report on Hain Celestial Group (HAIN)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for Hain Celestial Group (NASDAQ:HAIN)

Receive News & Ratings for Hain Celestial Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hain Celestial Group and related companies with MarketBeat.com's FREE daily email newsletter.