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

The Hain Celestial Group (NASDAQ:HAIN) had its price objective lowered by Stifel Nicolaus from $9.00 to $7.00 in a report released on Friday,Benzinga reports. The firm currently has a hold rating on the stock.

A number of other brokerages have also recently commented on HAIN. DA Davidson cut their price target on shares of 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. Piper Sandler cut their target price on The Hain Celestial Group from $8.00 to $7.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Finally, Barclays lowered their target price on The Hain Celestial Group from $8.00 to $6.00 and set an “equal weight” rating for the company in a report on Friday, January 17th. Six research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $8.71.

The Hain Celestial Group Trading Up 5.8 %

NASDAQ HAIN opened at $5.32 on Friday. The firm has a market capitalization of $479.81 million, a PE ratio of -5.66 and a beta of 0.76. The business’s 50-day moving average price is $6.72 and its two-hundred day moving average price is $7.45. 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 has a 12 month low of $4.47 and a 12 month high of $11.68.

The Hain Celestial Group (NASDAQ:HAIN) last announced its earnings results on Thursday, November 7th. The company reported ($0.04) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.02). The company had revenue of $394.60 million during the quarter, compared to the consensus estimate of $394.24 million. The Hain Celestial Group had a negative net margin of 4.94% and a positive return on equity of 3.13%. The business’s revenue was down 7.2% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.04) earnings per share. On average, analysts expect that The Hain Celestial Group will post 0.43 EPS for the current year.

Institutional Investors Weigh In On The Hain Celestial Group

Several hedge funds and other institutional investors have recently modified their holdings of HAIN. American Century Companies Inc. acquired a new stake in The Hain Celestial Group in the 2nd quarter valued at $159,000. Hsbc Holdings PLC lifted its stake in shares of The Hain Celestial Group by 16.1% in the second quarter. Hsbc Holdings PLC now owns 32,877 shares of the company’s stock valued at $222,000 after buying an additional 4,554 shares in the last quarter. XTX Topco Ltd grew its holdings in shares of The Hain Celestial Group by 93.9% during the second quarter. XTX Topco Ltd now owns 44,722 shares of the company’s stock valued at $309,000 after buying an additional 21,654 shares during the last quarter. Intech Investment Management LLC bought a new stake in shares of The Hain Celestial Group during the second quarter worth about $82,000. Finally, Canada Pension Plan Investment Board acquired a new stake in shares of The Hain Celestial Group in the 2nd quarter worth about $82,000. Institutional investors 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.