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

Zacks Research upgraded shares of The Hain Celestial Group (NASDAQ:HAIN) from a strong sell rating to a hold rating in a research report report published on Tuesday morning,Zacks.com reports.

Other analysts have also issued reports about the company. Barclays dropped their target price on 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. Evercore ISI lowered their price objective on The Hain Celestial Group from $6.00 to $5.00 and set an “in-line” rating for the company in a research note on Wednesday, April 23rd. Maxim Group cut their target price on The Hain Celestial Group from $10.00 to $5.00 and set a “buy” rating on the stock in a research report on Thursday, May 8th. Stifel Nicolaus reduced their target price 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. Finally, CL King restated a “neutral” rating on shares of The Hain Celestial Group in a research note on Thursday, May 8th. One equities research analyst has rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat.com, The Hain Celestial Group presently has an average rating of “Hold” and a consensus price target of $3.59.

The Hain Celestial Group Stock Performance

The Hain Celestial Group stock opened at $1.72 on Tuesday. The Hain Celestial Group has a 12-month low of $1.30 and a 12-month high of $9.43. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.81 and a quick ratio of 0.99. The company has a market capitalization of $155.23 million, a price-to-earnings ratio of -0.60 and a beta of 0.76. The firm’s fifty day moving average price is $1.66 and its 200 day moving average price is $2.69.

Institutional Trading of The Hain Celestial Group

A number of institutional investors and hedge funds have recently modified their holdings of the business. Wells Fargo & Company MN boosted its holdings in shares of The Hain Celestial Group by 29.1% in the 4th quarter. Wells Fargo & Company MN now owns 65,227 shares of the company’s stock valued at $401,000 after buying an additional 14,722 shares during the period. Barclays PLC lifted its holdings in The Hain Celestial Group by 7.1% in the fourth quarter. Barclays PLC now owns 195,494 shares of the company’s stock worth $1,203,000 after acquiring an additional 12,885 shares during the last quarter. Guggenheim Capital LLC acquired a new position in The Hain Celestial Group in the fourth quarter valued at approximately $136,000. CANADA LIFE ASSURANCE Co grew its holdings in shares of The Hain Celestial Group by 9.0% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 87,558 shares of the company’s stock valued at $538,000 after purchasing an additional 7,211 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of The Hain Celestial Group by 24.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,067,866 shares of the company’s stock valued at $12,717,000 after purchasing an additional 412,658 shares during the last quarter. 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.