The Hain Celestial Group (NASDAQ:HAIN) Upgraded by Zacks Research to "Hold" Rating

Key Points

• The Hain Celestial Group was upgraded from a "strong sell" to a "hold" rating by Zacks Research, reflecting improved market sentiment.
• Several analysts have lowered their price targets for the stock, with a consensus average target price of $3.59 despite a mix of hold and buy ratings.
• The company's stock recently opened at $1.72, marking a significant decline from a twelve-month high of $9.43, indicating volatility in its market performance.

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

Several other equities research analysts have also weighed in on HAIN. Mizuho dropped their price target on The Hain Celestial Group from $3.00 to $2.50 and set a "neutral" rating on the stock in a research report on Monday, July 28th. Stifel Nicolaus dropped their price target on The Hain Celestial Group from $4.00 to $1.50 and set a "hold" rating on the stock in a research report on Thursday, May 8th. Maxim Group dropped their price target 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. Sanford C. Bernstein downgraded The Hain Celestial Group from an "outperform" rating to a "market perform" rating and set a $1.50 target price on the stock. in a report on Thursday, May 8th. Finally, Evercore ISI dropped their target price on The Hain Celestial Group from $6.00 to $5.00 and set an "in-line" rating on the stock in a report on Wednesday, April 23rd. One analyst has rated the stock with a Buy rating and ten have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $3.59.

The Hain Celestial Group Stock Up 9.4%

Shares of NASDAQ HAIN traded up $0.16 during mid-day trading on Tuesday, hitting $1.86. 992,425 shares of the stock traded hands, compared to its average volume of 1,106,840. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.99 and a current ratio of 1.81. The Hain Celestial Group has a 52 week low of $1.30 and a 52 week high of $9.43. The company has a market cap of $167.87 million, a price-to-earnings ratio of -0.64 and a beta of 0.76. The stock has a fifty day moving average price of $1.67 and a 200-day moving average price of $2.63.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Barrow Hanley Mewhinney & Strauss LLC lifted its holdings in shares of The Hain Celestial Group by 9.8% during the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 6,223,817 shares of the company's stock valued at $38,276,000 after purchasing an additional 555,195 shares in the last quarter. Millennium Management LLC lifted its holdings in shares of 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 valued at $19,637,000 after purchasing an additional 3,535,073 shares in the last quarter. Nantahala Capital Management LLC bought a new position in shares of The Hain Celestial Group during the second quarter valued at $4,560,000. Frontier Capital Management Co. LLC lifted 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 purchasing an additional 2,108,845 shares in the last quarter. Finally, Wellington Management Group LLP lifted its holdings in shares of The Hain Celestial Group by 5.6% during the first quarter. Wellington Management Group LLP now owns 2,459,465 shares of the company's stock valued at $10,207,000 after purchasing an additional 130,642 shares in the last quarter. 97.01% of the stock is owned by institutional investors.

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.