The Hain Celestial Group (NASDAQ:HAIN) Price Target Lowered to $7.00 at Piper Sandler

The Hain Celestial Group (NASDAQ:HAIN) had its price target reduced by Piper Sandler from $8.00 to $7.00 in a research note released on Thursday,Benzinga reports. They currently have a neutral rating on the stock.

A number of other brokerages have also recently weighed in on HAIN. Barclays reduced their price target on shares of The Hain Celestial Group from $9.00 to $8.00 and set an “equal weight” rating for the company in a research report on Monday, November 11th. DA Davidson cut their target price on The Hain Celestial Group from $9.00 to $8.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 12th. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $9.29.

The Hain Celestial Group Stock Performance

HAIN opened at $4.71 on Thursday. The business’s 50-day simple moving average is $6.97 and its 200-day simple moving average is $7.54. The Hain Celestial Group has a one year low of $4.47 and a one year high of $11.68. The company has a current ratio of 2.01, a quick ratio of 1.05 and a debt-to-equity ratio of 0.76.

The Hain Celestial Group (NASDAQ:HAIN) last released its quarterly earnings data on Thursday, November 7th. The company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.02). The company had revenue of $394.60 million for the quarter, compared to analyst estimates of $394.24 million. The Hain Celestial Group had a positive return on equity of 3.13% and a negative net margin of 4.94%. The firm’s revenue for the quarter was down 7.2% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.04) EPS. As a group, analysts forecast that The Hain Celestial Group will post 0.43 earnings per share for the current year.

Institutional Investors Weigh In On The Hain Celestial Group

A number of institutional investors and hedge funds have recently made changes to their positions in HAIN. First Hawaiian Bank grew its holdings in shares of The Hain Celestial Group by 15.0% during the fourth quarter. First Hawaiian Bank now owns 65,504 shares of the company’s stock worth $403,000 after buying an additional 8,546 shares during the last quarter. Central Pacific Bank Trust Division grew its stake in shares of The Hain Celestial Group by 14.9% in the 4th quarter. Central Pacific Bank Trust Division now owns 42,512 shares of the company’s stock valued at $261,000 after purchasing an additional 5,517 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of The Hain Celestial Group by 20.7% in the fourth quarter. GAMMA Investing LLC now owns 30,650 shares of the company’s stock valued at $188,000 after purchasing an additional 5,250 shares during the period. JPMorgan Chase & Co. raised its stake in shares of The Hain Celestial Group by 68.7% during the third quarter. JPMorgan Chase & Co. now owns 320,457 shares of the company’s stock worth $2,766,000 after purchasing an additional 130,477 shares during the last quarter. Finally, Franklin Resources Inc. raised its stake in shares of The Hain Celestial Group by 5.7% during the third quarter. Franklin Resources Inc. now owns 52,507 shares of the company’s stock worth $445,000 after purchasing an additional 2,814 shares during the last quarter. 97.01% of the stock is owned by hedge funds and other institutional investors.

About The Hain Celestial Group

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.