DA Davidson Reiterates “Neutral” Rating for The Hain Celestial Group (NASDAQ:HAIN)

The Hain Celestial Group (NASDAQ:HAIN)‘s stock had its “neutral” rating restated by research analysts at DA Davidson in a research report issued on Tuesday,Benzinga reports. They currently have a $1.50 price objective on the stock. DA Davidson’s target price suggests a potential upside of 27.12% from the company’s current price.

Other equities analysts have also issued reports about the company. Wall Street Zen raised The Hain Celestial Group from a “sell” rating to a “hold” rating in a research note on Sunday, November 16th. Weiss Ratings reiterated a “sell (e+)” rating on shares of The Hain Celestial Group in a research report on Friday, January 9th. Finally, Zacks Research lowered shares of The Hain Celestial Group from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 6th. One research analyst has rated the stock with a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, The Hain Celestial Group has an average rating of “Reduce” and an average target price of $2.63.

The Hain Celestial Group Stock Down 1.7%

NASDAQ:HAIN opened at $1.18 on Tuesday. The Hain Celestial Group has a one year low of $1.00 and a one year high of $5.07. The company has a debt-to-equity ratio of 1.59, a current ratio of 1.89 and a quick ratio of 1.06. The company has a market cap of $106.87 million, a PE ratio of -0.20 and a beta of 0.61. The firm’s 50 day simple moving average is $1.14 and its 200 day simple moving average is $1.40.

The Hain Celestial Group (NASDAQ:HAIN) last announced its quarterly earnings results on Friday, November 7th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.04). The business had revenue of $367.88 million during the quarter, compared to analyst estimates of $361.09 million. The Hain Celestial Group had a negative net margin of 34.69% and a positive return on equity of 0.77%. On average, research analysts anticipate that The Hain Celestial Group will post 0.4 earnings per share for the current year.

Insider Activity at The Hain Celestial Group

In related news, Director Carlyn R. Taylor sold 53,957 shares of the company’s stock in a transaction dated Thursday, December 18th. The shares were sold at an average price of $1.17, for a total value of $63,129.69. Following the sale, the director owned 264,203 shares in the company, valued at $309,117.51. This represents a 16.96% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.71% of the stock is currently owned by insiders.

Institutional Trading of The Hain Celestial Group

Several institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. boosted its position in shares of The Hain Celestial Group by 8.0% during the third quarter. Vanguard Group Inc. now owns 7,029,733 shares of the company’s stock valued at $11,107,000 after buying an additional 517,777 shares during the last quarter. Millennium Management LLC lifted its stake in The Hain Celestial Group by 295.4% during the 1st quarter. Millennium Management LLC now owns 4,731,690 shares of the company’s stock valued at $19,637,000 after acquiring an additional 3,535,073 shares in the last quarter. Nantahala Capital Management LLC purchased a new position in The Hain Celestial Group during the 2nd quarter worth $4,560,000. Ameriprise Financial Inc. grew its stake in shares of The Hain Celestial Group by 17.7% in the 2nd quarter. Ameriprise Financial Inc. now owns 2,047,304 shares of the company’s stock worth $3,112,000 after acquiring an additional 307,857 shares in the last quarter. Finally, Prudential Financial Inc. raised its holdings in shares of The Hain Celestial Group by 20.9% in the second quarter. Prudential Financial Inc. now owns 1,925,253 shares of the company’s stock valued at $2,926,000 after purchasing an additional 332,862 shares during 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 (NASDAQ: HAIN) is a leading global producer and marketer of natural and organic branded products. The company operates through two principal segments—Grocery and Personal Care—offering a diversified portfolio that spans shelf-stable foods, snacks, beverages, condiments and natural personal care items. Its product lineup addresses growing consumer demand for clean-label, plant-based and ethically sourced offerings in everyday categories.

Within its Grocery segment, Hain Celestial markets well-known brands such as Celestial Seasonings teas, Earth’s Best organic baby foods, Rudi’s organic bakery items, Terra vegetable chips and Sensible Portions snacks.