The Hain Celestial Group (NASDAQ:HAIN) Price Target Cut to $5.00 by Analysts at Barclays

The Hain Celestial Group (NASDAQ:HAIN) had its target price dropped by research analysts at Barclays from $6.00 to $5.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Barclays‘s price target would suggest a potential upside of 27.26% from the stock’s current price.

Several other research firms have also recently weighed in on HAIN. Mizuho dropped their price target on shares of The Hain Celestial Group from $7.00 to $4.50 and set a “neutral” rating for the company in a research note on Tuesday. JPMorgan Chase & Co. decreased their price target on The Hain Celestial Group from $8.00 to $6.00 and set a “neutral” rating on the stock in a research note on Monday, February 3rd. Piper Sandler cut their price objective 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. DA Davidson decreased their target price 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. Finally, Stifel Nicolaus dropped their price target on shares of The Hain Celestial Group from $9.00 to $7.00 and set a “hold” rating for the company in a research report on Friday, January 24th. Six research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $7.50.

The Hain Celestial Group Trading Down 6.2 %

Shares of The Hain Celestial Group stock opened at $3.93 on Tuesday. The Hain Celestial Group has a 1-year low of $3.28 and a 1-year high of $10.07. 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 stock has a market cap of $354.36 million, a P/E ratio of -4.25 and a beta of 0.74. The stock’s 50 day simple moving average is $6.01 and its 200-day simple moving average is $7.27.

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 analysts’ consensus estimates of $0.12 by ($0.04). The Hain Celestial Group had a positive return on equity of 3.13% and a negative net margin of 4.94%. Analysts predict that The Hain Celestial Group will post 0.43 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Allworth Financial LP lifted its holdings in The Hain Celestial Group by 433.5% during the 3rd quarter. Allworth Financial LP now owns 2,982 shares of the company’s stock worth $26,000 after buying an additional 2,423 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. increased its holdings in The Hain Celestial Group by 225.5% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 4,954 shares of the company’s stock worth $43,000 after purchasing an additional 3,432 shares during the period. Van ECK Associates Corp raised its position in The Hain Celestial Group by 49.0% in the 4th quarter. Van ECK Associates Corp now owns 10,805 shares of the company’s stock valued at $66,000 after purchasing an additional 3,554 shares in the last quarter. Grace & White Inc. NY purchased a new position in shares of The Hain Celestial Group in the 4th quarter valued at about $86,000. Finally, CWM LLC grew its position in shares of The Hain Celestial Group by 14.5% during the third quarter. CWM LLC now owns 10,098 shares of the company’s stock worth $87,000 after buying an additional 1,276 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.