The Hain Celestial Group (NASDAQ:HAIN) Price Target Cut to $4.00 by Analysts at Barclays

The Hain Celestial Group (NASDAQ:HAIN) had its target price decreased by Barclays from $5.00 to $4.00 in a research report sent to investors on Monday,Benzinga reports. Barclays currently has an equal weight rating on the stock.

Several other equities analysts have also commented on the stock. JPMorgan Chase & Co. dropped their price target on shares of The Hain Celestial Group from $6.00 to $5.00 and set a “neutral” rating for the company in a research report on Friday, March 14th. Piper Sandler dropped their price objective on The Hain Celestial Group from $8.00 to $7.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Stifel Nicolaus reduced their target price on The Hain Celestial Group from $7.00 to $6.00 and set a “hold” rating on the stock in a report on Tuesday, February 11th. Evercore ISI dropped their price target on The Hain Celestial Group from $9.00 to $6.00 and set an “in-line” rating for the company in a research note on Wednesday, February 12th. Finally, Mizuho reduced their price objective on The Hain Celestial Group from $7.00 to $4.50 and set a “neutral” rating on the stock in a research note on Tuesday, February 11th. Seven investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $6.31.

The Hain Celestial Group Trading Down 5.6 %

Shares of HAIN opened at $3.05 on Monday. The Hain Celestial Group has a fifty-two week low of $3.03 and a fifty-two week high of $9.43. The stock has a fifty day moving average of $3.95 and a two-hundred day moving average of $6.06. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.00 and a current ratio of 1.90. The company has a market capitalization of $275.25 million, a PE ratio of -1.57 and a beta of 0.93.

The Hain Celestial Group (NASDAQ:HAIN) last released its earnings results on Monday, February 10th. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.04). The Hain Celestial Group had a positive return on equity of 2.88% and a negative net margin of 10.51%. As a group, analysts forecast that The Hain Celestial Group will post 0.4 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Wedmont Private Capital purchased a new stake in shares of The Hain Celestial Group during the 1st quarter valued at about $52,000. Wellington Management Group LLP acquired a new stake in The Hain Celestial Group in the fourth quarter valued at approximately $14,322,000. Barrow Hanley Mewhinney & Strauss LLC raised its stake 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 during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of The Hain Celestial Group by 13.1% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 248,318 shares of the company’s stock worth $1,527,000 after purchasing an additional 28,788 shares in the last quarter. Finally, Two Sigma Investments LP boosted its stake in shares of The Hain Celestial Group by 3.7% in the fourth quarter. Two Sigma Investments LP now owns 992,063 shares of the company’s stock valued at $6,101,000 after purchasing an additional 35,023 shares during the period. 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.