The Hain Celestial Group (NASDAQ:HAIN) Price Target Lowered to $8.00 at Barclays

The Hain Celestial Group (NASDAQ:HAIN) had its price objective cut by Barclays from $9.00 to $8.00 in a report issued on Monday,Benzinga reports. They currently have an equal weight rating on the stock.

Other research analysts have also issued reports about the company. Piper Sandler reiterated a “neutral” rating and set a $8.00 price objective on shares of The Hain Celestial Group in a research note on Thursday, September 19th. DA Davidson reiterated a “neutral” rating and set a $8.00 price objective on shares of The Hain Celestial Group in a research note on Wednesday, August 28th. Finally, Stifel Nicolaus increased their price objective on The Hain Celestial Group from $8.00 to $9.00 and gave the stock a “hold” rating in a research note on Wednesday, August 28th. Six investment 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 presently has a consensus rating of “Hold” and an average target price of $9.43.

The Hain Celestial Group Stock Down 2.1 %

Shares of The Hain Celestial Group stock opened at $7.25 on Monday. The stock has a market capitalization of $651.41 million, a P/E ratio of -7.71 and a beta of 0.74. The company has a quick ratio of 1.01, a current ratio of 2.01 and a debt-to-equity ratio of 0.76. The stock has a 50 day moving average price of $8.40 and a two-hundred day moving average price of $7.59. The Hain Celestial Group has a 12-month low of $5.68 and a 12-month high of $11.97.

The Hain Celestial Group (NASDAQ:HAIN) last announced its earnings results on Thursday, November 7th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.02). The Hain Celestial Group had a positive return on equity of 3.09% and a negative net margin of 4.94%. The company had revenue of $394.60 million for the quarter, compared to the consensus estimate of $394.24 million. During the same period in the previous year, the company earned ($0.04) EPS. The firm’s revenue for the quarter was down 7.2% compared to the same quarter last year. Equities analysts expect that The Hain Celestial Group will post 0.48 earnings per share for the current year.

Insider Transactions at The Hain Celestial Group

In other The Hain Celestial Group news, insider Chad D. Marquardt purchased 5,300 shares of the company’s stock in a transaction dated Wednesday, September 4th. The shares were bought at an average price of $8.32 per share, with a total value of $44,096.00. Following the completion of the transaction, the insider now directly owns 15,300 shares in the company, valued at $127,296. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.83% of the stock is currently owned by insiders.

Institutional Investors Weigh In On The Hain Celestial Group

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Creative Planning raised its position in The Hain Celestial Group by 3.6% in the 3rd quarter. Creative Planning now owns 36,298 shares of the company’s stock valued at $313,000 after buying an additional 1,272 shares during the last quarter. CWM LLC raised its position in The Hain Celestial Group by 14.5% in the 3rd quarter. CWM LLC now owns 10,098 shares of the company’s stock valued at $87,000 after buying an additional 1,276 shares during the last quarter. Illinois Municipal Retirement Fund raised its position in The Hain Celestial Group by 3.3% in the 1st quarter. Illinois Municipal Retirement Fund now owns 54,172 shares of the company’s stock valued at $426,000 after buying an additional 1,710 shares during the last quarter. US Bancorp DE raised its position in The Hain Celestial Group by 10.3% in the 3rd 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 during the last quarter. Finally, Signaturefd LLC raised its position in The Hain Celestial Group by 125.9% in the 2nd quarter. Signaturefd LLC now owns 3,994 shares of the company’s stock valued at $28,000 after buying an additional 2,226 shares during the last quarter. Institutional investors and hedge funds 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.