Hain Celestial Group Inc (HAIN) is Downgraded by BofA/Merrill to Underperform

Hain Celestial Group Inc (HAIN) was Downgraded by BofA/Merrill to ” Underperform”. Earlier the firm had a rating of “Buy ” on the company shares. BofA/Merrill advised their investors in a research report released on Aug 16, 2016.

Many Wall Street Analysts have commented on Hain Celestial Group Inc. Shares were Downgraded by Piper Jaffray on Aug 16, 2016 to ” Underweight” and Lowered the Price Target to $ 35 from a previous price target of $43 .Shares were Downgraded by Wedbush on Aug 16, 2016 to ” Neutral” and Lowered the Price Target to $ 37 from a previous price target of $51 .Hain Celestial Group Inc was Downgraded by Atlantic Equities to ” Underweight” on Aug 16, 2016.

On the company’s financial health, Hain Celestial Group Inc reported $0.49 EPS for the quarter, based on the information available during the earnings call on May 4, 2016. Analyst had a consensus estimate of $0.49. The company had revenue of $749.86 million for the quarter, compared to analysts expectations of $733.54 million. The company’s revenue was up 13.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.45 EPS.

Hain Celestial Group Inc closed down -1.95 points or -3.52% at $53.4 with 33,10,433 shares getting traded on Monday. Post opening the session at $55.62, the shares hit an intraday low of $52.9 and an intraday high of $55.62 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

In a different news, on May 21, 2015, Ross Weiner (VP & Chief Accounting Officer) sold 378 shares at $62.11 per share price. According to the SEC, on May 11, 2015, Irwin D Simon (Pres., CEO & Chairman of Bd) sold 250,000 shares at $58.99 per share price. On Mar 9, 2015, John Carroll (Executive Vice President) sold 100,000 shares at $62.80 per share price, according to the Form-4 filing with the securities and exchange commission.

The Hain Celestial Group Inc. manufactures markets distributes and sells organic and natural products under brand names which are sold as better-for-you products. The Company operates in five segments: the United States the United Kingdom Canada Europe and Hain Pure Protein. The Company’s brands include Almond Dream Arrowhead Mills BluePrint Celestial Seasonings Cully & Sully Danival DeBoles Earth’s Best Ella’s Kitchen Europe’s Best Farmhouse Fare Frank Cooper’s Gale’s Garden of Eatin’ GG UniqueFiber Hartley’s Health Valley Imagine Johnson’s Juice Co. Lima Linda McCartney MaraNatha New Covent Garden Soup Co. Rice Dream Robertson’s Rudi’s Organic Bakery Rudi’s Gluten-Free Bakery Sensible Portions Spectrum Spectrum Essentials and Soy Dream among others. Its markets its personal care products under the Alba Botanica Avalon Organics Earth’s Best JASON and Queen Helene brands. In addition it offers the Joya and Happy brands.

Hain Celestial Group Inc

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