Stifel Nicolaus Has Lowered Expectations for The Hain Celestial Group (NASDAQ:HAIN) Stock Price

The Hain Celestial Group (NASDAQ:HAIN) had its price target trimmed by Stifel Nicolaus from $7.00 to $6.00 in a research report sent to investors on Tuesday,Benzinga reports. The brokerage currently has a hold rating on the stock.

Several other equities analysts have also weighed in on HAIN. Piper Sandler reduced 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. Mizuho dropped their target price on The Hain Celestial Group from $7.00 to $4.50 and set a “neutral” rating on the stock in a research report on Tuesday. DA Davidson dropped 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. JPMorgan Chase & Co. dropped their target price on The Hain Celestial Group from $8.00 to $6.00 and set a “neutral” rating on the stock in a research report on Monday, February 3rd. Finally, Barclays lowered their price objective on The Hain Celestial Group from $6.00 to $5.00 and set an “equal weight” rating on the stock in a research report on Tuesday. Six equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, The Hain Celestial Group currently has an average rating of “Hold” and a consensus price target of $6.64.

The Hain Celestial Group Price Performance

Shares of NASDAQ HAIN opened at $4.41 on Tuesday. The stock has a fifty day simple moving average of $5.93 and a two-hundred day simple moving average of $7.24. The Hain Celestial Group has a 1-year low of $3.28 and a 1-year high of $10.07. The firm has a market cap of $397.74 million, a price-to-earnings ratio of -4.69 and a beta of 0.74. 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 announced its quarterly earnings data 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 negative net margin of 4.94% and a positive return on equity of 3.13%. Analysts anticipate 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 large investors have recently added to or reduced their stakes in the company. Perkins Capital Management Inc. purchased a new stake in The Hain Celestial Group during the fourth quarter valued at about $832,000. KLP Kapitalforvaltning AS purchased a new stake in The Hain Celestial Group during the fourth quarter valued at about $116,000. American Century Companies Inc. raised its position in The Hain Celestial Group by 28.2% during the fourth quarter. American Century Companies Inc. now owns 131,012 shares of the company’s stock valued at $806,000 after purchasing an additional 28,852 shares in the last quarter. Virtu Financial LLC purchased a new stake in The Hain Celestial Group during the fourth quarter valued at about $73,000. Finally, Intech Investment Management LLC raised its position in The Hain Celestial Group by 49.7% during the fourth quarter. Intech Investment Management LLC now owns 34,361 shares of the company’s stock valued at $211,000 after purchasing an additional 11,401 shares in the last quarter. Hedge funds and other 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.