The Hain Celestial Group (NASDAQ:HAIN) Given New $7.00 Price Target at Stifel Nicolaus

The Hain Celestial Group (NASDAQ:HAIN) had its target price cut by Stifel Nicolaus from $9.00 to $7.00 in a report issued on Friday,Benzinga reports. They currently have a hold rating on the stock.

HAIN has been the topic of several other reports. Barclays cut their price target on shares of The Hain Celestial Group from $8.00 to $6.00 and set an “equal weight” rating on the stock in a report on Friday, January 17th. DA Davidson reduced their price target on shares of 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. Finally, Piper Sandler lowered their price objective on The Hain Celestial Group from $8.00 to $7.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Six equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, The Hain Celestial Group currently has an average rating of “Hold” and a consensus target price of $8.71.

The Hain Celestial Group Trading Up 5.8 %

NASDAQ HAIN opened at $5.32 on Friday. The stock has a market cap of $479.81 million, a P/E ratio of -5.66 and a beta of 0.76. The company’s fifty day simple moving average is $6.72 and its 200-day simple moving average is $7.46. 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 52 week low of $4.47 and a 52 week high of $11.68.

The Hain Celestial Group (NASDAQ:HAIN) last announced 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 Hain Celestial Group had a positive return on equity of 3.13% and a negative net margin of 4.94%. The business had revenue of $394.60 million for the quarter, compared to analysts’ expectations of $394.24 million. During the same period in the previous year, the firm posted ($0.04) earnings per share. The firm’s revenue was down 7.2% compared to the same quarter last year. Equities research analysts predict that The Hain Celestial Group will post 0.43 EPS for the current fiscal year.

Hedge Funds Weigh In On The Hain Celestial Group

Several hedge funds and other institutional investors have recently modified their holdings of HAIN. American Century Companies Inc. bought a new stake in The Hain Celestial Group in the 2nd quarter valued at about $159,000. Hsbc Holdings PLC raised its holdings in shares of The Hain Celestial Group by 16.1% during the second 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 last quarter. XTX Topco Ltd boosted its position in shares of The Hain Celestial Group by 93.9% during 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 period. Intech Investment Management LLC bought a new position in The Hain Celestial Group in the 2nd quarter worth approximately $82,000. Finally, Canada Pension Plan Investment Board acquired a new stake in The Hain Celestial Group in the 2nd quarter valued at approximately $82,000. 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.