Piper Sandler Cuts The Hain Celestial Group (NASDAQ:HAIN) Price Target to $7.00

The Hain Celestial Group (NASDAQ:HAIN) had its target price lowered by Piper Sandler from $8.00 to $7.00 in a research note released on Thursday,Benzinga reports. The brokerage currently has a neutral rating on the stock.

HAIN has been the subject of a number of other research reports. Barclays cut their price target on shares of The Hain Celestial Group from $9.00 to $8.00 and set an “equal weight” rating for the company in a report on Monday, November 11th. DA Davidson dropped their target price on shares of The Hain Celestial Group from $9.00 to $8.00 and set a “neutral” rating for the company in a report on Tuesday, November 12th. Six investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $9.29.

The Hain Celestial Group Stock Performance

NASDAQ HAIN opened at $4.71 on Thursday. The business’s 50 day moving average is $6.97 and its two-hundred day moving average is $7.54. The Hain Celestial Group has a 12-month low of $4.47 and a 12-month high of $11.68. 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 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 business had revenue of $394.60 million for the quarter, compared to analyst estimates of $394.24 million. The Hain Celestial Group had a positive return on equity of 3.13% and a negative net margin of 4.94%. The company’s revenue was down 7.2% on a year-over-year basis. During the same period in the prior year, the company earned ($0.04) EPS. As a group, analysts expect that The Hain Celestial Group will post 0.43 earnings per share for the current fiscal year.

Institutional Trading of The Hain Celestial Group

Several large investors have recently modified their holdings of HAIN. Millennium Management LLC raised its position in shares of The Hain Celestial Group by 171.3% during the 2nd quarter. Millennium Management LLC now owns 2,634,718 shares of the company’s stock worth $18,206,000 after purchasing an additional 1,663,542 shares during the last quarter. Federated Hermes Inc. increased its position in The Hain Celestial Group by 224.9% during the second quarter. Federated Hermes Inc. now owns 860,471 shares of the company’s stock worth $5,946,000 after buying an additional 595,649 shares in the last quarter. AQR Capital Management LLC acquired a new position in shares of The Hain Celestial Group in the second quarter worth $3,942,000. Hotchkis & Wiley Capital Management LLC lifted its position in shares of The Hain Celestial Group by 54.9% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 1,224,590 shares of the company’s stock valued at $10,568,000 after acquiring an additional 434,070 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of The Hain Celestial Group by 257.0% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 496,842 shares of the company’s stock valued at $4,288,000 after acquiring an additional 357,669 shares during the last quarter. 97.01% of the stock is currently owned by institutional investors and hedge funds.

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.