Stifel Nicolaus Cuts The Hain Celestial Group (NASDAQ:HAIN) Price Target to $7.00

The Hain Celestial Group (NASDAQ:HAIN) had its target price reduced by Stifel Nicolaus from $9.00 to $7.00 in a research report released on Friday morning,Benzinga reports. They currently have a hold rating on the stock.

Several other brokerages have also issued reports on HAIN. Piper Sandler decreased their target price on 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. Barclays reduced their price target on shares of The Hain Celestial Group from $8.00 to $6.00 and set an “equal weight” rating for the company in a research report on Friday, January 17th. Finally, DA Davidson lowered their price objective on shares of The Hain Celestial Group from $9.00 to $8.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 12th. Six analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $8.71.

The Hain Celestial Group Stock Up 5.8 %

HAIN opened at $5.32 on Friday. The Hain Celestial Group has a fifty-two week low of $4.47 and a fifty-two week high of $11.68. The firm has a market capitalization of $479.81 million, a P/E ratio of -5.66 and a beta of 0.76. The company’s 50-day moving average is $6.72 and its 200 day moving average is $7.45. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.01 and a quick ratio of 1.05.

The Hain Celestial Group (NASDAQ:HAIN) last posted its earnings results 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 the consensus estimate 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 Hain Celestial Group’s quarterly revenue was down 7.2% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.04) EPS. Research analysts expect that The Hain Celestial Group will post 0.43 earnings per share for the current fiscal year.

Institutional Investors Weigh In On The Hain Celestial Group

Several institutional investors have recently added to or reduced their stakes in HAIN. American Century Companies Inc. bought a new stake in shares of The Hain Celestial Group in the second quarter valued at approximately $159,000. Hsbc Holdings PLC raised its holdings in The Hain Celestial Group by 16.1% during the 2nd quarter. Hsbc Holdings PLC now owns 32,877 shares of the company’s stock valued at $222,000 after acquiring an additional 4,554 shares during the period. XTX Topco Ltd lifted its position in shares of The Hain Celestial Group by 93.9% during the second quarter. XTX Topco Ltd now owns 44,722 shares of the company’s stock worth $309,000 after acquiring an additional 21,654 shares in the last quarter. Intech Investment Management LLC bought a new position in shares of The Hain Celestial Group in the second quarter worth $82,000. Finally, Canada Pension Plan Investment Board purchased a new position in shares of The Hain Celestial Group in the second quarter valued at $82,000. 97.01% of the stock is owned by hedge funds and other institutional investors.

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.