Barclays Issues Pessimistic Forecast for The Hain Celestial Group (NASDAQ:HAIN) Stock Price

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

HAIN has been the subject of several other research reports. Piper Sandler lowered their price target on The Hain Celestial Group from $8.00 to $7.00 and set a “neutral” rating for the company in a report on Thursday. DA Davidson lowered 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. Six equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $9.00.

The Hain Celestial Group Price Performance

Shares of HAIN stock opened at $4.69 on Friday. The Hain Celestial Group has a 1-year low of $4.47 and a 1-year high of $11.68. The stock’s 50-day moving average is $6.92 and its 200 day moving average is $7.53. The company has a market cap of $422.99 million, a P/E 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 Hain Celestial Group (NASDAQ:HAIN) last issued 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 business had revenue of $394.60 million during the quarter, compared to analyst estimates 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 Hain Celestial Group’s revenue was down 7.2% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.04) EPS. Research analysts predict that The Hain Celestial Group will post 0.43 earnings per share for the current fiscal year.

Institutional Trading of The Hain Celestial Group

Several institutional investors and hedge funds have recently bought and sold shares of HAIN. Choreo LLC purchased a new position in shares of The Hain Celestial Group during the second quarter worth $71,000. American Century Companies Inc. purchased a new position in shares of The Hain Celestial Group during the 2nd quarter valued at about $159,000. Hsbc Holdings PLC lifted its holdings in shares of The Hain Celestial Group by 16.1% in the 2nd quarter. Hsbc Holdings PLC now owns 32,877 shares of the company’s stock valued at $222,000 after buying an additional 4,554 shares during the period. First Eagle Investment Management LLC boosted its stake in shares of The Hain Celestial Group by 12.1% in the second quarter. First Eagle Investment Management LLC now owns 730,854 shares of the company’s stock worth $5,050,000 after buying an additional 79,000 shares during the last quarter. Finally, XTX Topco Ltd boosted its stake in shares of The Hain Celestial Group by 93.9% in the second quarter. XTX Topco Ltd now owns 44,722 shares of the company’s stock worth $309,000 after buying an additional 21,654 shares during the last quarter. 97.01% of the stock is currently owned by institutional investors and hedge funds.

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.