Zacks Investment Research upgraded shares of Hain Celestial Group (NASDAQ:HAIN) from a sell rating to a hold rating in a research report report published on Friday morning.

According to Zacks, “Shares of Hain Celestial have declined and underperformed the industry in the past six months. The stock further came under pressure after it concluded second-quarter fiscal 2018 on a soft note. The company posted earnings of 41 cents a share that missed the consensus mark by a penny. Net sales also came marginally below the estimate, after surpassing the same in the preceding quarter. The company also witnessed low-single digit decline in sales in the United States and hinted about its plan to divest Hain Pure Protein business to increase efficiencies and simplify brand portfolio. This is inevitable given stiff competition from companies expanding their presence in the natural & organic food business. Nevertheless, with an extensive portfolio of well-known brands, Hain Celestial offers one of the strongest growth profiles in the industry. Acquisitions have been a key part of the company’s strategy to build market share.”

Several other research firms have also commented on HAIN. BMO Capital Markets lowered Hain Celestial Group from an outperform rating to a market perform rating and reduced their price target for the stock from $48.00 to $44.00 in a research report on Thursday, October 19th. Jefferies Group reissued a buy rating and issued a $52.00 price target on shares of Hain Celestial Group in a research report on Wednesday, February 7th. BidaskClub lowered Hain Celestial Group from a sell rating to a strong sell rating in a research report on Saturday, January 13th. Loop Capital reissued a hold rating and issued a $38.00 price target on shares of Hain Celestial Group in a research report on Friday, December 22nd. Finally, TheStreet lowered Hain Celestial Group from a b- rating to a c rating in a research report on Tuesday, November 7th. Three investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus price target of $40.72.

Shares of Hain Celestial Group (NASDAQ HAIN) opened at $33.73 on Friday. Hain Celestial Group has a 1-year low of $31.01 and a 1-year high of $45.61. The firm has a market capitalization of $3,505.15, a price-to-earnings ratio of 24.09, a price-to-earnings-growth ratio of 1.45 and a beta of 1.09. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.44 and a quick ratio of 1.19.

Hain Celestial Group (NASDAQ:HAIN) last issued its earnings results on Wednesday, February 7th. The company reported $0.41 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by ($0.01). Hain Celestial Group had a return on equity of 8.35% and a net margin of 3.38%. The firm had revenue of $775.20 million during the quarter, compared to analysts’ expectations of $774.50 million. During the same quarter in the prior year, the company posted $0.32 earnings per share. Hain Celestial Group’s quarterly revenue was up 4.8% compared to the same quarter last year. sell-side analysts predict that Hain Celestial Group will post 1.66 earnings per share for the current fiscal year.

A number of large investors have recently made changes to their positions in HAIN. Calton & Associates Inc. acquired a new position in Hain Celestial Group during the 4th quarter valued at about $110,000. Saratoga Research & Investment Management acquired a new position in Hain Celestial Group during the 3rd quarter valued at about $124,000. Stuart Chaussee & Associates Inc. acquired a new position in Hain Celestial Group during the 4th quarter valued at about $127,000. KBC Group NV increased its position in Hain Celestial Group by 106.9% during the 4th quarter. KBC Group NV now owns 3,752 shares of the company’s stock valued at $159,000 after buying an additional 1,939 shares in the last quarter. Finally, First National Trust Co. acquired a new position in Hain Celestial Group during the 3rd quarter valued at about $201,000. 90.03% of the stock is currently owned by institutional investors.

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Hain Celestial Group Company Profile

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.

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