Barclays Cuts The Hain Celestial Group (NASDAQ:HAIN) Price Target to $5.00

The Hain Celestial Group (NASDAQ:HAIN) had its price objective lowered by analysts at Barclays from $6.00 to $5.00 in a report released on Tuesday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Barclays‘s target price points to a potential upside of 14.68% from the company’s current price.

HAIN has been the topic of several other research reports. DA Davidson reduced their target price on shares of The Hain Celestial Group from $9.00 to $8.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 12th. Mizuho dropped their target price on The Hain Celestial Group from $7.00 to $4.50 and set a “neutral” rating for the company in a research report on Tuesday. Stifel Nicolaus reduced their price target on The Hain Celestial Group from $9.00 to $7.00 and set a “hold” rating on the stock in a report on Friday, January 24th. 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. Finally, JPMorgan Chase & Co. reduced 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 note on Monday, February 3rd. Seven equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $6.56.

The Hain Celestial Group Stock Down 1.1 %

Shares of HAIN opened at $4.36 on Tuesday. The business’s 50 day simple moving average is $5.85 and its 200-day simple moving average is $7.22. The Hain Celestial Group has a 1 year low of $3.28 and a 1 year high of $10.07. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.01 and a quick ratio of 1.05. The stock has a market capitalization of $393.23 million, a price-to-earnings ratio of -4.64 and a beta of 0.74.

The Hain Celestial Group (NASDAQ:HAIN) last issued its quarterly earnings data on Monday, February 10th. The company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.04). The Hain Celestial Group had a positive return on equity of 3.13% and a negative net margin of 4.94%. As a group, equities analysts expect that The Hain Celestial Group will post 0.43 earnings per share for the current fiscal year.

Institutional Investors Weigh In On The Hain Celestial Group

Large investors have recently modified their holdings of the business. Geode Capital Management LLC boosted its position in The Hain Celestial Group by 0.7% during the 4th quarter. Geode Capital Management LLC now owns 2,243,999 shares of the company’s stock valued at $13,803,000 after acquiring an additional 14,818 shares in the last quarter. Franklin Resources Inc. lifted its stake in shares of The Hain Celestial Group by 7.1% during the 4th quarter. Franklin Resources Inc. now owns 56,239 shares of the company’s stock worth $346,000 after purchasing an additional 3,732 shares during the last quarter. Wellington Management Group LLP bought a new stake in The Hain Celestial Group during the fourth quarter valued at about $14,322,000. Clearbridge Investments LLC boosted its position in The Hain Celestial Group by 16.8% during the fourth quarter. Clearbridge Investments LLC now owns 1,283,033 shares of the company’s stock valued at $7,891,000 after purchasing an additional 184,620 shares in the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC lifted its position 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 buying an additional 555,195 shares during the last quarter. Institutional investors own 97.01% of the company’s stock.

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.