The Hain Celestial Group (NASDAQ:HAIN) Price Target Cut to $8.00 by Analysts at DA Davidson

The Hain Celestial Group (NASDAQ:HAIN) had its price target lowered by investment analysts at DA Davidson from $9.00 to $8.00 in a report issued on Tuesday,Benzinga reports. The firm presently has a “neutral” rating on the stock. DA Davidson’s price objective would suggest a potential upside of 20.85% from the stock’s current price.

Other analysts also recently issued reports about the stock. Stifel Nicolaus increased their price objective on shares of The Hain Celestial Group from $8.00 to $9.00 and gave the company a “hold” rating in a research report on Wednesday, August 28th. Piper Sandler reissued a “neutral” rating and set a $8.00 price objective on shares of The Hain Celestial Group in a research report on Thursday, September 19th. Finally, Barclays cut their price objective on shares of The Hain Celestial Group from $9.00 to $8.00 and set an “equal weight” rating on the stock in a research report on Monday. Six equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, The Hain Celestial Group has a consensus rating of “Hold” and an average price target of $9.43.

The Hain Celestial Group Stock Down 0.9 %

Shares of The Hain Celestial Group stock opened at $6.62 on Tuesday. 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 52-week low of $5.68 and a 52-week high of $11.97. The stock has a market capitalization of $597.06 million, a price-to-earnings ratio of -7.04 and a beta of 0.74. The company’s 50 day moving average price is $8.33 and its 200-day moving average price is $7.58.

The Hain Celestial Group (NASDAQ:HAIN) last announced its quarterly earnings data on Thursday, November 7th. The company reported ($0.04) EPS for the quarter, missing the consensus estimate 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 negative net margin of 4.94% and a positive return on equity of 3.13%. The business’s quarterly 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. Equities research analysts forecast that The Hain Celestial Group will post 0.46 EPS for the current year.

Insider Transactions at The Hain Celestial Group

In other news, insider Chad D. Marquardt bought 5,300 shares of the firm’s stock in a transaction on Wednesday, September 4th. The shares were bought at an average price of $8.32 per share, for a total transaction of $44,096.00. Following the purchase, the insider now owns 15,300 shares in the company, valued at approximately $127,296. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.83% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. boosted its stake in The Hain Celestial Group by 0.8% during the first quarter. Vanguard Group Inc. now owns 10,942,729 shares of the company’s stock worth $86,010,000 after buying an additional 84,689 shares during the period. Barrow Hanley Mewhinney & Strauss LLC boosted its stake in shares of The Hain Celestial Group by 1.1% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 5,698,984 shares of the company’s stock valued at $39,380,000 after purchasing an additional 62,865 shares during the period. PGGM Investments raised its holdings in shares of The Hain Celestial Group by 1.3% in the second quarter. PGGM Investments now owns 4,183,854 shares of the company’s stock valued at $28,910,000 after acquiring an additional 51,912 shares in the last quarter. Millennium Management LLC raised its holdings in shares of The Hain Celestial Group by 171.3% in the second quarter. Millennium Management LLC now owns 2,634,718 shares of the company’s stock valued at $18,206,000 after acquiring an additional 1,663,542 shares in the last quarter. Finally, Invenomic Capital Management LP bought a new stake in shares of The Hain Celestial Group in the first quarter valued at about $11,294,000. 97.01% of the stock is 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.