JPMorgan Chase & Co. Lowers The Hain Celestial Group (NASDAQ:HAIN) Price Target to $6.00

The Hain Celestial Group (NASDAQ:HAIN) had its target price reduced by JPMorgan Chase & Co. from $8.00 to $6.00 in a report released on Monday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price objective indicates a potential upside of 21.46% from the company’s current price.

Other research analysts also recently issued reports about the company. DA Davidson decreased their price target on 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. Piper Sandler decreased their target price on shares of The Hain Celestial Group from $8.00 to $7.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Stifel Nicolaus lowered their price target on shares of The Hain Celestial Group from $9.00 to $7.00 and set a “hold” rating on the stock in a report on Friday, January 24th. Finally, Barclays cut their price objective on shares of The Hain Celestial Group from $8.00 to $6.00 and set an “equal weight” rating for the company in a report on Friday, January 17th. Six research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, The Hain Celestial Group presently has a consensus rating of “Hold” and a consensus target price of $8.14.

The Hain Celestial Group Stock Performance

Shares of NASDAQ HAIN opened at $4.94 on Monday. The company has a 50 day simple moving average of $6.32 and a two-hundred day simple moving average of $7.35. The stock has a market cap of $445.54 million, a price-to-earnings ratio of -5.26 and a beta of 0.74. 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 Hain Celestial Group has a 12 month low of $4.47 and a 12 month high of $11.68.

The Hain Celestial Group (NASDAQ:HAIN) last posted its earnings results on Thursday, November 7th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.02). The business had revenue of $394.60 million for the quarter, compared to analyst estimates 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 company’s revenue for the quarter was down 7.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.04) earnings per share. As a group, analysts predict that The Hain Celestial Group will post 0.43 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Barclays PLC lifted its holdings in The Hain Celestial Group by 124.6% in the 3rd quarter. Barclays PLC now owns 182,609 shares of the company’s stock valued at $1,576,000 after purchasing an additional 101,290 shares in the last quarter. Quest Partners LLC raised its position in shares of The Hain Celestial Group by 387.1% in the third quarter. Quest Partners LLC now owns 212,655 shares of the company’s stock valued at $1,835,000 after buying an additional 168,996 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of The Hain Celestial Group by 6.8% in the third quarter. Geode Capital Management LLC now owns 2,229,181 shares of the company’s stock worth $19,241,000 after buying an additional 142,097 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in The Hain Celestial Group during the third quarter worth about $2,515,000. Finally, Hotchkis & Wiley Capital Management LLC grew its stake in The Hain Celestial Group by 54.9% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 1,224,590 shares of the company’s stock valued at $10,568,000 after acquiring an additional 434,070 shares in the last quarter. Institutional investors and hedge funds 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.