Barclays Cuts The Hain Celestial Group (NASDAQ:HAIN) Price Target to $6.00

The Hain Celestial Group (NASDAQ:HAIN) had its price objective trimmed by Barclays from $8.00 to $6.00 in a research report released on Friday morning,Benzinga reports. The brokerage currently has an equal weight rating on the stock.

Several other research firms have also weighed in on HAIN. Piper Sandler decreased their price target on The Hain Celestial Group from $8.00 to $7.00 and set a “neutral” rating on the stock in a report on Thursday. DA Davidson reduced their target price on The Hain Celestial Group from $9.00 to $8.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 12th. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $9.00.

The Hain Celestial Group Stock Performance

NASDAQ:HAIN opened at $4.69 on Friday. The stock’s fifty day moving average is $6.92 and its 200 day moving average is $7.53. 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 $422.99 million, a PE ratio of -4.99 and a beta of 0.76. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.05 and a current ratio of 2.01.

The Hain Celestial Group (NASDAQ:HAIN) last released 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 Hain Celestial Group had a negative net margin of 4.94% and a positive return on equity of 3.13%. The company had revenue of $394.60 million for the quarter, compared to analysts’ expectations of $394.24 million. During the same quarter in the previous year, the company posted ($0.04) EPS. The business’s quarterly revenue was down 7.2% on a year-over-year basis. On average, sell-side analysts anticipate that The Hain Celestial Group will post 0.43 earnings per share for the current year.

Institutional Trading of The Hain Celestial Group

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Allworth Financial LP grew its position 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 buying an additional 2,423 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. grew its position 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 buying an additional 3,432 shares in the last quarter. Choreo LLC bought a new position in shares of The Hain Celestial Group during the 2nd quarter worth $71,000. Evergreen Capital Management LLC bought a new position in shares of The Hain Celestial Group during the 2nd quarter worth $72,000. Finally, Canada Pension Plan Investment Board bought a new position in shares of The Hain Celestial Group during the 2nd quarter worth $82,000. 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.