Piper Sandler Lowers The Hain Celestial Group (NASDAQ:HAIN) Price Target to $7.00

The Hain Celestial Group (NASDAQ:HAIN) had its price target trimmed by Piper Sandler from $8.00 to $7.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has a neutral rating on the stock.

A number of other brokerages have also recently commented on HAIN. Barclays dropped their target price on shares of The Hain Celestial Group from $9.00 to $8.00 and set an “equal weight” rating for the company in a report on Monday, November 11th. DA Davidson dropped their price objective on shares of The Hain Celestial Group from $9.00 to $8.00 and set a “neutral” rating for the company in a research note on Tuesday, November 12th. Six investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $9.00.

The Hain Celestial Group Price Performance

Shares of NASDAQ:HAIN opened at $4.69 on Thursday. The firm has a market capitalization of $422.99 million, a price-to-earnings ratio of -4.99 and a beta of 0.76. 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 business’s 50 day simple moving average is $6.92 and its 200-day simple moving average is $7.53. 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) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.02). The firm 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 revenue for the quarter was down 7.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.04) earnings per share. As a group, equities analysts forecast that The Hain Celestial Group will post 0.43 earnings per share for the current fiscal year.

Hedge Funds Weigh In On The Hain Celestial Group

A number of institutional investors have recently modified their holdings of HAIN. Barclays PLC boosted its position in The Hain Celestial Group by 124.6% during the third quarter. Barclays PLC now owns 182,609 shares of the company’s stock worth $1,576,000 after acquiring an additional 101,290 shares during the last quarter. Quest Partners LLC boosted its holdings in shares of The Hain Celestial Group by 387.1% during the third 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. Deerfield Management Company L.P. Series C grew its position in shares of The Hain Celestial Group by 391.6% in the second quarter. Deerfield Management Company L.P. Series C now owns 124,589 shares of the company’s stock valued at $861,000 after purchasing an additional 99,246 shares during the period. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in The Hain Celestial Group in the third quarter valued at $2,515,000. Finally, Hotchkis & Wiley Capital Management LLC lifted its position in 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. 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.