The Hain Celestial Group (NASDAQ:HAIN) Given New $5.00 Price Target at JPMorgan Chase & Co.

The Hain Celestial Group (NASDAQ:HAIN) had its price objective reduced by stock analysts at JPMorgan Chase & Co. from $6.00 to $5.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price target points to a potential upside of 27.39% from the stock’s previous close.

Several other equities research analysts also recently issued reports on HAIN. Stifel Nicolaus cut their price target on The Hain Celestial Group from $7.00 to $6.00 and set a “hold” rating for the company in a report on Tuesday, February 11th. Maxim Group cut their target price on shares of The Hain Celestial Group from $15.00 to $10.00 and set a “buy” rating for the company in a research note on Tuesday, February 11th. Evercore ISI reduced their target price on shares of The Hain Celestial Group from $9.00 to $6.00 and set an “in-line” rating for the company in a report on Wednesday, February 12th. Mizuho lowered their price target on shares of The Hain Celestial Group from $7.00 to $4.50 and set a “neutral” rating on the stock in a report on Tuesday, February 11th. Finally, Piper Sandler cut their price objective on shares of The Hain Celestial Group from $8.00 to $7.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Seven equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $6.44.

The Hain Celestial Group Stock Performance

Shares of HAIN traded down $0.42 during midday trading on Friday, reaching $3.93. The stock had a trading volume of 295,694 shares, compared to its average volume of 1,958,294. The firm has a market cap of $354.22 million, a PE ratio of -2.02 and a beta of 0.83. The firm has a 50 day simple moving average of $4.58 and a 200-day simple moving average of $6.79. The Hain Celestial Group has a one year low of $3.28 and a one year high of $9.43. The company has a current ratio of 1.90, a quick ratio of 1.00 and a debt-to-equity ratio of 0.90.

The Hain Celestial Group (NASDAQ:HAIN) last issued its earnings results on Monday, February 10th. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.04). The Hain Celestial Group had a negative net margin of 10.51% and a positive return on equity of 2.88%. As a group, sell-side analysts anticipate that The Hain Celestial Group will post 0.4 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in HAIN. US Bancorp DE raised its position in shares of The Hain Celestial Group by 10.3% in the third quarter. US Bancorp DE now owns 19,518 shares of the company’s stock valued at $168,000 after buying an additional 1,815 shares in the last quarter. Illinois Municipal Retirement Fund increased its stake in The Hain Celestial Group by 4.4% during the 4th quarter. Illinois Municipal Retirement Fund now owns 49,113 shares of the company’s stock worth $302,000 after acquiring an additional 2,091 shares during the period. FMR LLC raised its holdings in The Hain Celestial Group by 14.9% in the 3rd quarter. FMR LLC now owns 17,580 shares of the company’s stock valued at $152,000 after acquiring an additional 2,280 shares in the last quarter. Franklin Resources Inc. lifted its position in shares of The Hain Celestial Group by 5.7% during the 3rd quarter. Franklin Resources Inc. now owns 52,507 shares of the company’s stock valued at $445,000 after acquiring an additional 2,814 shares during the period. Finally, Entropy Technologies LP grew its holdings in shares of The Hain Celestial Group by 19.1% during the 3rd quarter. Entropy Technologies LP now owns 18,708 shares of the company’s stock worth $161,000 after purchasing an additional 3,000 shares in the last quarter. Institutional investors and hedge funds 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.