CL King Reaffirms Neutral Rating for The Hain Celestial Group (NASDAQ:HAIN)

The Hain Celestial Group (NASDAQ:HAIN)‘s stock had its “neutral” rating restated by equities research analysts at CL King in a report issued on Thursday, MarketBeat Ratings reports.

Other research analysts also recently issued reports about the company. Mizuho dropped their price target on The Hain Celestial Group from $7.00 to $4.50 and set a “neutral” rating for the company in a research note on Tuesday, February 11th. Barclays dropped their target price on shares of The Hain Celestial Group from $5.00 to $4.00 and set an “equal weight” rating for the company in a research report on Monday, April 14th. Piper Sandler reduced their price target on shares of The Hain Celestial Group from $8.00 to $7.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. JPMorgan Chase & Co. dropped their price objective on shares of The Hain Celestial Group from $6.00 to $5.00 and set a “neutral” rating for the company in a report on Friday, March 14th. Finally, Maxim Group reduced their target price on The Hain Celestial Group from $15.00 to $10.00 and set a “buy” rating on the stock in a report on Tuesday, February 11th. Nine analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $4.61.

The Hain Celestial Group Price Performance

Shares of NASDAQ:HAIN opened at $1.59 on Thursday. The firm’s 50 day simple moving average is $3.43 and its two-hundred day simple moving average is $5.32. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.90 and a quick ratio of 1.00. The company has a market capitalization of $143.04 million, a P/E ratio of -0.82 and a beta of 1.05. The Hain Celestial Group has a 1-year low of $1.30 and a 1-year high of $9.43.

The Hain Celestial Group (NASDAQ:HAIN) last issued its earnings results on Wednesday, May 7th. The company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.05). The firm had revenue of $390.35 million during the quarter, compared to the consensus estimate of $414.45 million. The Hain Celestial Group had a positive return on equity of 2.88% and a negative net margin of 10.51%. The company’s quarterly revenue was down 10.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.13 EPS. Research analysts expect that The Hain Celestial Group will post 0.4 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Signaturefd LLC grew its position in The Hain Celestial Group by 174.5% in the 1st quarter. Signaturefd LLC now owns 6,858 shares of the company’s stock valued at $28,000 after acquiring an additional 4,360 shares during the last quarter. Wedmont Private Capital bought a new position in shares of The Hain Celestial Group in the first quarter worth about $52,000. Byrne Asset Management LLC increased its stake in The Hain Celestial Group by 240.0% in the 1st quarter. Byrne Asset Management LLC now owns 13,599 shares of the company’s stock worth $56,000 after buying an additional 9,599 shares during the period. CWM LLC lifted its holdings in The Hain Celestial Group by 106.8% during the 1st quarter. CWM LLC now owns 15,493 shares of the company’s stock valued at $64,000 after buying an additional 8,000 shares in the last quarter. Finally, Van ECK Associates Corp boosted its position in The Hain Celestial Group by 49.0% in the 4th quarter. Van ECK Associates Corp now owns 10,805 shares of the company’s stock valued at $66,000 after buying an additional 3,554 shares during the period. 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.