The Hain Celestial Group (NASDAQ:HAIN) Price Target Cut to $1.50 by Analysts at Barclays

The Hain Celestial Group (NASDAQ:HAIN) had its target price lowered by Barclays from $2.00 to $1.50 in a report published on Wednesday morning,Benzinga reports. Barclays currently has an equal weight rating on the stock.

A number of other research firms also recently commented on HAIN. Stephens downgraded The Hain Celestial Group from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $3.00 to $2.00 in a report on Wednesday. Zacks Research raised The Hain Celestial Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 19th. Mizuho reduced their target price on The Hain Celestial Group from $2.50 to $1.50 and set a “neutral” rating for the company in a report on Tuesday. Finally, Piper Sandler reduced their target price on The Hain Celestial Group from $2.00 to $1.80 and set a “neutral” rating for the company in a report on Tuesday, June 3rd. One research analyst has rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $3.28.

The Hain Celestial Group Price Performance

Shares of NASDAQ HAIN opened at $1.44 on Wednesday. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.91 and a quick ratio of 0.99. The stock has a fifty day moving average price of $1.74 and a 200 day moving average price of $2.35. The Hain Celestial Group has a 1-year low of $1.30 and a 1-year high of $9.43. The company has a market cap of $130.02 million, a PE ratio of -0.24 and a beta of 0.79.

The Hain Celestial Group (NASDAQ:HAIN) last issued its quarterly earnings results on Monday, September 15th. The company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.06). The Hain Celestial Group had a positive return on equity of 1.10% and a negative net margin of 34.03%.The company had revenue of $363.35 million for the quarter, compared to analyst estimates of $371.58 million. During the same period in the prior year, the business earned $0.13 earnings per share. The Hain Celestial Group’s revenue for the quarter was down 13.4% compared to the same quarter last year. Sell-side analysts forecast that The Hain Celestial Group will post 0.4 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in HAIN. Northern Trust Corp raised its stake in The Hain Celestial Group by 8.7% in the 4th quarter. Northern Trust Corp now owns 972,548 shares of the company’s stock valued at $5,981,000 after purchasing an additional 77,919 shares during the last quarter. Deutsche Bank AG raised its stake in The Hain Celestial Group by 54.4% in the 4th quarter. Deutsche Bank AG now owns 84,044 shares of the company’s stock valued at $517,000 after purchasing an additional 29,605 shares during the last quarter. Quantinno Capital Management LP raised its stake in The Hain Celestial Group by 51.1% in the 4th quarter. Quantinno Capital Management LP now owns 18,949 shares of the company’s stock valued at $117,000 after purchasing an additional 6,407 shares during the last quarter. ProShare Advisors LLC raised its stake in The Hain Celestial Group by 44.5% in the 4th quarter. ProShare Advisors LLC now owns 27,039 shares of the company’s stock valued at $166,000 after purchasing an additional 8,322 shares during the last quarter. Finally, Two Sigma Investments LP increased its stake in shares of The Hain Celestial Group by 3.7% during the 4th quarter. Two Sigma Investments LP now owns 992,063 shares of the company’s stock valued at $6,101,000 after acquiring an additional 35,023 shares during 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.