The Hain Celestial Group (NASDAQ:HAIN) Price Target Lowered to $10.00 at Maxim Group

The Hain Celestial Group (NASDAQ:HAIN) had its target price reduced by Maxim Group from $15.00 to $10.00 in a report published on Tuesday,Benzinga reports. They currently have a buy rating on the stock.

Several other research firms have also recently issued reports on HAIN. DA Davidson lowered their price objective on shares of The Hain Celestial Group from $9.00 to $8.00 and set a “neutral” rating for the company in a research report on Tuesday, November 12th. Piper Sandler lowered 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. Mizuho lowered their price objective on shares of The Hain Celestial Group from $7.00 to $4.50 and set a “neutral” rating for the company in a research report on Tuesday. Stifel Nicolaus lowered their price objective on shares of The Hain Celestial Group from $7.00 to $6.00 and set a “hold” rating for the company in a research report on Tuesday. Finally, Barclays lowered their price objective on shares of The Hain Celestial Group from $6.00 to $5.00 and set an “equal weight” rating for the company in a research report on Tuesday. Six research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $6.64.

The Hain Celestial Group Price Performance

HAIN stock opened at $4.41 on Tuesday. The Hain Celestial Group has a 12 month low of $3.28 and a 12 month high of $10.07. The company has a current ratio of 2.01, a quick ratio of 1.05 and a debt-to-equity ratio of 0.76. The company has a 50-day moving average price of $5.93 and a 200 day moving average price of $7.24. The stock has a market cap of $397.74 million, a PE ratio of -4.69 and a beta of 0.74.

The Hain Celestial Group (NASDAQ:HAIN) last released its quarterly earnings results on Monday, February 10th. The company reported $0.08 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%. Equities research analysts anticipate that The Hain Celestial Group will post 0.43 earnings per share for the current year.

Institutional Investors Weigh In On The Hain Celestial Group

Several hedge funds have recently modified their holdings of HAIN. Allworth Financial LP raised its stake in shares of 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 acquiring an additional 2,423 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. raised its stake in shares of 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 acquiring an additional 3,432 shares in the last quarter. CWA Asset Management Group LLC bought a new position in shares of The Hain Celestial Group during the 3rd quarter worth approximately $87,000. CWM LLC raised its stake in shares of 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 in the last quarter. Finally, Van ECK Associates Corp raised its stake in shares of The Hain Celestial Group by 49.0% during the 4th quarter. Van ECK Associates Corp now owns 10,805 shares of the company’s stock worth $66,000 after acquiring an additional 3,554 shares in the last quarter. Hedge funds and other institutional investors 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.