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

The Hain Celestial Group (NASDAQ:HAIN) had its target price reduced by equities research analysts at Stifel Nicolaus from $9.00 to $7.00 in a report issued on Friday,Benzinga reports. The firm presently has a “hold” rating on the stock. Stifel Nicolaus’ price objective would indicate a potential upside of 35.53% from the company’s previous close.

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

The Hain Celestial Group Stock Performance

Shares of HAIN traded up $0.14 during midday trading on Friday, hitting $5.17. 234,351 shares of the stock traded hands, compared to its average volume of 1,711,141. The Hain Celestial Group has a 1-year low of $4.47 and a 1-year high of $11.68. The firm has a market capitalization of $465.83 million, a PE ratio of -5.49 and a beta of 0.76. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.05 and a current ratio of 2.01. The business’s 50 day moving average price is $6.79 and its two-hundred day moving average price is $7.48.

The Hain Celestial Group (NASDAQ:HAIN) last issued 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 Hain Celestial Group had a negative net margin of 4.94% and a positive return on equity of 3.13%. The company had revenue of $394.60 million for the quarter, compared to the consensus estimate of $394.24 million. During the same quarter in the prior year, the firm earned ($0.04) earnings per share. The Hain Celestial Group’s revenue for the quarter was down 7.2% compared to the same quarter last year. Equities research analysts predict that The Hain Celestial Group will post 0.43 EPS for the current fiscal year.

Hedge Funds Weigh In On The Hain Celestial Group

Several institutional investors and hedge funds have recently bought and sold shares of the business. Allworth Financial LP grew its stake in shares of The Hain Celestial Group by 433.5% in the 3rd quarter. Allworth Financial LP now owns 2,982 shares of the company’s stock valued at $26,000 after buying an additional 2,423 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. grew its stake in shares of The Hain Celestial Group by 225.5% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 4,954 shares of the company’s stock valued at $43,000 after buying an additional 3,432 shares in the last quarter. Evergreen Capital Management LLC bought a new stake in shares of The Hain Celestial Group in the 2nd quarter valued at approximately $72,000. Canada Pension Plan Investment Board bought a new stake in shares of The Hain Celestial Group in the 2nd quarter valued at approximately $82,000. Finally, Intech Investment Management LLC bought a new stake in shares of The Hain Celestial Group in the 2nd quarter valued at approximately $82,000. Hedge funds and other 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.