DA Davidson Issues Pessimistic Forecast for The Hain Celestial Group (NASDAQ:HAIN) Stock Price

The Hain Celestial Group (NASDAQ:HAIN) had its price objective decreased by DA Davidson from $9.00 to $8.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has a “neutral” rating on the stock. DA Davidson’s target price suggests a potential upside of 20.85% from the company’s current price.

HAIN has been the subject of several other research reports. Stifel Nicolaus increased their price target on shares of The Hain Celestial Group from $8.00 to $9.00 and gave the company a “hold” rating in a research report on Wednesday, August 28th. Barclays reduced their price target on shares of The Hain Celestial Group from $9.00 to $8.00 and set an “equal weight” rating for the company in a research report on Monday. Finally, Piper Sandler reiterated a “neutral” rating and set a $8.00 target price on shares of The Hain Celestial Group in a research report on Thursday, September 19th. Six equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $9.43.

The Hain Celestial Group Stock Performance

NASDAQ HAIN opened at $6.62 on Tuesday. The firm has a market cap of $597.06 million, a price-to-earnings ratio of -7.04 and a beta of 0.74. The company has a fifty day moving average price of $8.33 and a 200-day moving average price of $7.58. 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 has a 1 year low of $5.68 and a 1 year high of $11.97.

The Hain Celestial Group (NASDAQ:HAIN) last posted its quarterly earnings results on Thursday, November 7th. The company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.02). The company had revenue of $394.60 million for the quarter, compared to the consensus estimate of $394.24 million. The Hain Celestial Group had a negative net margin of 4.94% and a positive return on equity of 3.13%. The Hain Celestial Group’s quarterly revenue was down 7.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.04) EPS. As a group, equities research analysts predict that The Hain Celestial Group will post 0.46 EPS for the current fiscal year.

Insider Transactions at The Hain Celestial Group

In other news, insider Chad D. Marquardt purchased 5,300 shares of the stock in a transaction dated Wednesday, September 4th. The shares were purchased at an average cost of $8.32 per share, with a total value of $44,096.00. Following the completion of the acquisition, the insider now owns 15,300 shares in the company, valued at $127,296. This represents a 0.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 0.83% of the company’s stock.

Institutional Investors Weigh In On The Hain Celestial Group

Institutional investors and hedge funds have recently bought and sold shares of the stock. Allworth Financial LP raised its stake in The Hain Celestial Group by 433.5% in the third quarter. Allworth Financial LP now owns 2,982 shares of the company’s stock valued at $26,000 after purchasing an additional 2,423 shares in the last quarter. Signaturefd LLC raised its stake in shares of The Hain Celestial Group by 125.9% during the second quarter. Signaturefd LLC now owns 3,994 shares of the company’s stock worth $28,000 after acquiring an additional 2,226 shares in the last quarter. nVerses Capital LLC raised its stake in shares of The Hain Celestial Group by 161.1% during the second quarter. nVerses Capital LLC now owns 4,700 shares of the company’s stock worth $32,000 after acquiring an additional 2,900 shares in the last quarter. CWM LLC raised its stake in shares of The Hain Celestial Group by 357.8% during the second quarter. CWM LLC now owns 8,822 shares of the company’s stock worth $61,000 after acquiring an additional 6,895 shares in the last quarter. Finally, CWA Asset Management Group LLC purchased a new position in shares of The Hain Celestial Group during the third quarter worth approximately $87,000. 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.