The Hain Celestial Group (NASDAQ:HAIN) PT Lowered to $8.00

The Hain Celestial Group (NASDAQ:HAIN) had its price target cut by analysts at Stifel Nicolaus from $10.00 to $8.00 in a research note issued on Friday, Benzinga reports. The firm currently has a “hold” rating on the stock. Stifel Nicolaus’ price objective suggests a potential upside of 30.29% from the stock’s current price.

A number of other brokerages have also recently issued reports on HAIN. Maxim Group dropped their price objective on The Hain Celestial Group from $25.00 to $18.00 and set a “buy” rating on the stock in a report on Thursday, February 8th. DA Davidson started coverage on The Hain Celestial Group in a report on Friday, March 1st. They set a “neutral” rating and a $10.00 price objective on the stock. Barclays decreased their target price on The Hain Celestial Group from $11.00 to $8.00 and set an “equal weight” rating on the stock in a research note on Friday, April 12th. Mizuho decreased their target price on The Hain Celestial Group from $11.00 to $10.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 3rd. Finally, JPMorgan Chase & Co. decreased their target price on The Hain Celestial Group from $11.00 to $10.00 and set a “neutral” rating on the stock in a research note on Thursday, February 8th. Eight investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $12.70.

The Hain Celestial Group Trading Up 0.8 %

Shares of HAIN opened at $6.14 on Friday. The stock’s 50-day simple moving average is $7.94 and its 200 day simple moving average is $9.78. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.24 and a quick ratio of 1.14. The Hain Celestial Group has a 52-week low of $5.68 and a 52-week high of $18.25.

The Hain Celestial Group (NASDAQ:HAIN) last issued its quarterly earnings data on Wednesday, February 7th. The company reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.01. The business had revenue of $454.10 million for the quarter, compared to analysts’ expectations of $461.31 million. The Hain Celestial Group had a positive return on equity of 2.48% and a negative net margin of 8.88%. The firm’s quarterly revenue was up .0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.20 EPS. Research analysts forecast that The Hain Celestial Group will post 0.29 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Wendy P. Davidson acquired 5,000 shares of The Hain Celestial Group stock in a transaction dated Tuesday, February 13th. The shares were purchased at an average cost of $9.46 per share, for a total transaction of $47,300.00. Following the transaction, the chief executive officer now owns 58,309 shares of the company’s stock, valued at $551,603.14. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.72% of the company’s stock.

Hedge Funds Weigh In On The Hain Celestial Group

Institutional investors have recently modified their holdings of the company. Signaturefd LLC increased its position in shares of The Hain Celestial Group by 265.2% during the 4th quarter. Signaturefd LLC now owns 4,127 shares of the company’s stock valued at $45,000 after purchasing an additional 2,997 shares during the last quarter. Cary Street Partners Investment Advisory LLC boosted its holdings in The Hain Celestial Group by 1,647.1% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 4,455 shares of the company’s stock valued at $46,000 after acquiring an additional 4,200 shares during the period. CWM LLC boosted its holdings in The Hain Celestial Group by 231.8% during the 3rd quarter. CWM LLC now owns 4,556 shares of the company’s stock valued at $47,000 after acquiring an additional 3,183 shares during the period. Quadrant Capital Group LLC boosted its holdings in The Hain Celestial Group by 204.3% during the 4th quarter. Quadrant Capital Group LLC now owns 8,221 shares of the company’s stock valued at $90,000 after acquiring an additional 5,519 shares during the period. Finally, Oak Thistle LLC purchased a new stake in The Hain Celestial Group during the 4th quarter valued at about $111,000. 97.01% of the stock is currently owned by institutional investors.

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.