The Hain Celestial Group (NASDAQ:HAIN) Price Target Cut to $12.00

The Hain Celestial Group (NASDAQ:HAIN) had its price objective cut by research analysts at Barclays from $14.00 to $12.00 in a research report issued on Friday, Marketbeat reports. The firm presently has an “equal weight” rating on the stock. Barclays‘s price target points to a potential upside of 20.12% from the stock’s previous close.

Several other brokerages have also recently weighed in on HAIN. JPMorgan Chase & Co. decreased their target price on The Hain Celestial Group from $14.00 to $11.00 and set a “neutral” rating for the company in a research note on Monday, August 28th. Stephens initiated coverage on shares of The Hain Celestial Group in a report on Thursday, June 22nd. They issued an “overweight” rating and a $17.00 target price on the stock. StockNews.com upgraded shares of The Hain Celestial Group from a “sell” rating to a “hold” rating in a report on Thursday, August 31st. Stifel Nicolaus dropped their price target on The Hain Celestial Group from $13.00 to $11.00 and set a “hold” rating on the stock in a report on Thursday. Finally, Evercore ISI reduced their price objective on The Hain Celestial Group from $14.00 to $13.00 and set an “in-line” rating for the company in a research note on Monday, August 28th. Seven equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, The Hain Celestial Group currently has an average rating of “Hold” and an average target price of $17.36.

The Hain Celestial Group Stock Performance

HAIN stock opened at $9.99 on Friday. The Hain Celestial Group has a 1 year low of $9.36 and a 1 year high of $22.14. The stock has a market capitalization of $893.81 million, a price-to-earnings ratio of -7.68 and a beta of 0.94. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.22 and a current ratio of 2.56. The stock’s fifty day moving average is $11.71 and its two-hundred day moving average is $13.95.

The Hain Celestial Group (NASDAQ:HAIN) last announced its quarterly earnings results on Thursday, August 24th. The company reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.01. The Hain Celestial Group had a positive return on equity of 4.30% and a negative net margin of 6.49%. The company had revenue of $447.80 million during the quarter, compared to analyst estimates of $435.61 million. During the same quarter in the previous year, the firm posted $0.08 EPS. The firm’s quarterly revenue was down 2.0% on a year-over-year basis. On average, research analysts predict that The Hain Celestial Group will post 0.45 EPS for the current year.

Hedge Funds Weigh In On The Hain Celestial Group

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Nisa Investment Advisors LLC grew its stake in shares of The Hain Celestial Group by 2,379.3% in the 1st quarter. Nisa Investment Advisors LLC now owns 1,438 shares of the company’s stock valued at $25,000 after purchasing an additional 1,380 shares during the period. Ameritas Advisory Services LLC acquired a new position in The Hain Celestial Group during the first quarter worth $27,000. National Bank of Canada FI lifted its holdings in shares of The Hain Celestial Group by 97.6% during the first quarter. National Bank of Canada FI now owns 1,620 shares of the company’s stock valued at $28,000 after acquiring an additional 800 shares during the period. Covestor Ltd boosted its stake in shares of The Hain Celestial Group by 130.7% in the 1st quarter. Covestor Ltd now owns 2,469 shares of the company’s stock valued at $85,000 after purchasing an additional 1,399 shares in the last quarter. Finally, Quadrant Capital Group LLC grew its holdings in shares of The Hain Celestial Group by 87.7% in the 4th quarter. Quadrant Capital Group LLC now owns 2,497 shares of the company’s stock worth $40,000 after purchasing an additional 1,167 shares during the last quarter. 89.11% 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.