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

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

Several other analysts have also weighed in on the company. Barclays lowered their target price on The Hain Celestial Group from $8.00 to $6.00 and set an “equal weight” rating on the stock in a report on Friday, January 17th. DA Davidson dropped their target price on shares of The Hain Celestial Group from $9.00 to $8.00 and set a “neutral” rating for the company in a report on Tuesday, November 12th. Finally, Piper Sandler reduced their price target on shares of The Hain Celestial Group from $8.00 to $7.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. Six analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $8.71.

The Hain Celestial Group Price Performance

Shares of NASDAQ HAIN opened at $5.32 on Friday. 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 has a one year low of $4.47 and a one year 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 fifty day moving average is $6.72 and its two-hundred day moving average is $7.46.

The Hain Celestial Group (NASDAQ:HAIN) last released its quarterly earnings data on Thursday, November 7th. The company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.02). The company had revenue of $394.60 million for the quarter, compared to analysts’ expectations 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 firm’s quarterly revenue was down 7.2% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.04) EPS. Analysts forecast that The Hain Celestial Group will post 0.43 EPS for the current fiscal year.

Institutional Trading of The Hain Celestial Group

A number of hedge funds have recently bought and sold shares of the company. Allworth Financial LP boosted its holdings in shares of The Hain Celestial Group by 433.5% during the third quarter. Allworth Financial LP now owns 2,982 shares of the company’s stock worth $26,000 after purchasing an additional 2,423 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. boosted its stake in The Hain Celestial Group by 225.5% in 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 during the last quarter. Evergreen Capital Management LLC purchased a new stake in The Hain Celestial Group in the 2nd quarter valued at about $72,000. Canada Pension Plan Investment Board acquired a new position in shares of The Hain Celestial Group during the 2nd quarter valued at about $82,000. Finally, Intech Investment Management LLC purchased a new position in shares of The Hain Celestial Group during the 2nd quarter worth about $82,000. 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.