Stifel Nicolaus Lowers The Hain Celestial Group (NASDAQ:HAIN) Price Target to $6.00

The Hain Celestial Group (NASDAQ:HAIN) had its price objective cut by equities research analysts at Stifel Nicolaus from $7.00 to $6.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a “hold” rating on the stock. Stifel Nicolaus’ price objective would indicate a potential upside of 46.88% from the stock’s previous close.

Several other brokerages have also weighed in on HAIN. JPMorgan Chase & Co. cut their price target on The Hain Celestial Group from $8.00 to $6.00 and set a “neutral” rating for the company in a research note on Monday, February 3rd. Mizuho cut their price objective on The Hain Celestial Group from $7.00 to $4.50 and set a “neutral” rating for the company in a research report on Tuesday. DA Davidson decreased 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 report on Tuesday, November 12th. Barclays cut their price target on shares of The Hain Celestial Group from $6.00 to $5.00 and set an “equal weight” rating for the company in a report on Tuesday. Finally, Piper Sandler dropped their target price on shares of The Hain Celestial Group from $8.00 to $7.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Six research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, The Hain Celestial Group has an average rating of “Hold” and a consensus target price of $7.36.

The Hain Celestial Group Stock Down 2.5 %

NASDAQ HAIN traded down $0.11 on Tuesday, hitting $4.09. The stock had a trading volume of 216,910 shares, compared to its average volume of 1,745,982. The business’s fifty day moving average price is $6.01 and its 200 day moving average price is $7.27. 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 52-week low of $3.28 and a 52-week high of $10.07. The stock has a market cap of $368.43 million, a price-to-earnings ratio of -4.35 and a beta of 0.74.

The Hain Celestial Group (NASDAQ:HAIN) last released its quarterly earnings data on Monday, February 10th. The company reported $0.08 earnings per share 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.

Hedge Funds Weigh In On The Hain Celestial Group

Several hedge funds have recently added to or reduced their stakes in the stock. Barclays PLC lifted its stake in The Hain Celestial Group by 124.6% in the third quarter. Barclays PLC now owns 182,609 shares of the company’s stock valued at $1,576,000 after buying an additional 101,290 shares during the last quarter. Quest Partners LLC grew its position in The Hain Celestial Group by 387.1% during the 3rd quarter. Quest Partners LLC now owns 212,655 shares of the company’s stock worth $1,835,000 after purchasing an additional 168,996 shares during the last quarter. Geode Capital Management LLC increased its stake in 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 valued at $19,241,000 after purchasing an additional 142,097 shares during the period. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of The Hain Celestial Group in the third quarter valued at about $2,515,000. Finally, Hotchkis & Wiley Capital Management LLC boosted its stake in shares of The Hain Celestial Group by 54.9% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 1,224,590 shares of the company’s stock worth $10,568,000 after buying an additional 434,070 shares during the period. 97.01% of the stock is currently 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.