The Hain Celestial Group (NASDAQ:HAIN) Given New $6.00 Price Target at JPMorgan Chase & Co.

The Hain Celestial Group (NASDAQ:HAIN) had its price target lowered by JPMorgan Chase & Co. from $8.00 to $6.00 in a research note published on Monday,Benzinga reports. The brokerage currently has a neutral rating on the stock.

A number of other analysts also recently issued reports on the stock. Stifel Nicolaus dropped their price target on shares of 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. Barclays dropped their price target on shares of The Hain Celestial Group from $8.00 to $6.00 and set an “equal weight” rating on the stock in a report on Friday, January 17th. 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 report on Tuesday, November 12th. Finally, 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 report on Thursday, January 16th. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $8.14.

The Hain Celestial Group Stock Performance

Shares of HAIN stock opened at $4.75 on Monday. The Hain Celestial Group has a one year low of $4.47 and a one year high of $11.68. The company’s 50-day moving average is $6.25 and its 200 day moving average is $7.33. The company has a market capitalization of $428.40 million, a price-to-earnings ratio of -5.05 and a beta of 0.74. 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 Hain Celestial Group (NASDAQ:HAIN) last announced its quarterly earnings data on Thursday, November 7th. The company reported ($0.04) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.02). The firm had revenue of $394.60 million for the quarter, compared to analysts’ expectations of $394.24 million. The Hain Celestial Group had a negative net margin of 4.94% and a positive return on equity of 3.13%. The business’s revenue for the quarter was down 7.2% compared to the same quarter last year. During the same period last year, the company posted ($0.04) earnings per share. Sell-side analysts expect that The Hain Celestial Group will post 0.43 EPS for the current fiscal year.

Institutional Investors Weigh In On The Hain Celestial Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Creative Planning raised its stake in The Hain Celestial Group by 3.6% during the 3rd quarter. Creative Planning now owns 36,298 shares of the company’s stock worth $313,000 after acquiring an additional 1,272 shares during the period. CWM LLC raised its stake in The Hain Celestial Group by 14.5% during the 3rd quarter. CWM LLC now owns 10,098 shares of the company’s stock worth $87,000 after acquiring an additional 1,276 shares during the period. US Bancorp DE raised its stake in The Hain Celestial Group by 10.3% during the 3rd quarter. US Bancorp DE now owns 19,518 shares of the company’s stock worth $168,000 after acquiring an additional 1,815 shares during the period. Illinois Municipal Retirement Fund raised its position in shares of The Hain Celestial Group by 4.4% during the fourth quarter. Illinois Municipal Retirement Fund now owns 49,113 shares of the company’s stock valued at $302,000 after buying an additional 2,091 shares during the last quarter. Finally, FMR LLC raised its position in shares of The Hain Celestial Group by 14.9% during the third quarter. FMR LLC now owns 17,580 shares of the company’s stock valued at $152,000 after buying an additional 2,280 shares during the last quarter. Institutional investors own 97.01% of the company’s stock.

The Hain Celestial Group Company Profile

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.