Weiss Ratings Reiterates "Sell (E+)" Rating for The Hain Celestial Group (NASDAQ:HAIN)

Key Points

• Weiss Ratings has reiterated a "sell (E+)" rating for The Hain Celestial Group, indicating ongoing bearish sentiment among analysts towards the stock.
• The Hain Celestial Group's stock has seen significant price target reductions, with Mizuho lowering its target from $2.50 to $1.50, and Zacks Research downgrading the stock to a "strong sell" rating.
• Despite recent insider buying, with the Director and CEO purchasing a total of over 100,000 shares, the company reported disappointing financial results, missing earnings expectations and showing a 13.4% decline in revenue compared to the previous year.

The Hain Celestial Group (NASDAQ:HAIN - Get Free Report)'s stock had its "sell (e+)" rating reiterated by investment analysts at Weiss Ratings in a research note issued on Tuesday,Weiss Ratings reports.

HAIN has been the topic of a number of other research reports. Mizuho lowered their price target 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 downgraded The Hain Celestial Group from a "hold" rating to a "strong sell" rating in a research report on Wednesday, September 17th. Stephens downgraded The Hain Celestial Group from an "overweight" rating to an "equal weight" rating and lowered their price target for the stock from $3.00 to $2.00 in a research report on Wednesday, September 17th. Wall Street Zen cut The Hain Celestial Group from a "hold" rating to a "sell" rating in a report on Saturday, September 20th. Finally, Barclays reduced their price objective on The Hain Celestial Group from $2.00 to $1.50 and set an "equal weight" rating for the company in a 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. According to data from MarketBeat, The Hain Celestial Group has a consensus rating of "Reduce" and a consensus target price of $3.28.

The Hain Celestial Group Stock Down 1.9%

Shares of HAIN traded down $0.03 during midday trading on Tuesday, hitting $1.32. The stock had a trading volume of 971,006 shares, compared to its average volume of 2,087,099. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.91 and a quick ratio of 1.02. The company has a 50 day simple moving average of $1.68 and a two-hundred day simple moving average of $2.01. The firm has a market cap of $118.73 million, a price-to-earnings ratio of -0.22 and a beta of 0.82. The Hain Celestial Group has a twelve month low of $1.29 and a twelve month high of $9.43.

The Hain Celestial Group (NASDAQ:HAIN - Get Free Report) last released its earnings results on Monday, September 15th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.04 by ($0.06). The company had revenue of $363.35 million during the quarter, compared to analyst estimates of $371.58 million. The Hain Celestial Group had a negative net margin of 34.03% and a positive return on equity of 1.10%. The Hain Celestial Group's revenue was down 13.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.13 EPS. On average, analysts anticipate that The Hain Celestial Group will post 0.4 EPS for the current year.

Insider Buying and Selling

In related news, Director Neil Campbell purchased 62,640 shares of The Hain Celestial Group stock in a transaction that occurred on Friday, September 19th. The shares were acquired at an average price 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 represents a 99.54% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Alison Lewis purchased 44,895 shares of The Hain Celestial Group stock in a transaction that occurred on Friday, September 19th. The shares were bought at an average cost of $1.50 per share, for a total transaction of $67,342.50. Following the transaction, the chief executive officer directly owned 74,895 shares of the company's stock, valued at $112,342.50. This represents a 149.65% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased 137,535 shares of company stock worth $207,255 in the last three months. 1.71% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On The Hain Celestial Group

A number of large investors have recently modified their holdings of HAIN. Signaturefd LLC boosted its holdings in shares of The Hain Celestial Group by 174.5% in the 1st quarter. Signaturefd LLC now owns 6,858 shares of the company's stock valued at $28,000 after purchasing an additional 4,360 shares in the last quarter. Thrivent Financial for Lutherans boosted its holdings in shares of The Hain Celestial Group by 104.8% in the 2nd quarter. Thrivent Financial for Lutherans now owns 21,500 shares of the company's stock valued at $32,000 after purchasing an additional 11,000 shares in the last quarter. Rathbones Group PLC acquired a new stake in shares of The Hain Celestial Group in the 2nd quarter valued at $39,000. Cim Investment Management Inc. boosted its holdings in shares of The Hain Celestial Group by 100.7% in the 2nd quarter. Cim Investment Management Inc. now owns 28,793 shares of the company's stock valued at $44,000 after purchasing an additional 14,450 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC boosted its holdings in shares of The Hain Celestial Group by 45.0% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 30,067 shares of the company's stock valued at $46,000 after purchasing an additional 9,335 shares in the last quarter. Institutional investors and hedge funds own 97.01% of the company's stock.

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.

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