JPMorgan Chase & Co. Issues Pessimistic Forecast for The Hain Celestial Group (NASDAQ:HAIN) Stock Price

The Hain Celestial Group (NASDAQ:HAIN) had its target price reduced by research analysts at JPMorgan Chase & Co. from $8.00 to $6.00 in a research report issued on Monday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 21.46% from the company’s previous close.

Several other equities research analysts have also recently issued reports on HAIN. DA Davidson cut their target price on 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. Stifel Nicolaus cut their price objective on The Hain Celestial Group from $9.00 to $7.00 and set a “hold” rating for the company in a research report on Friday, January 24th. Barclays decreased their target price on shares of The Hain Celestial Group from $8.00 to $6.00 and set an “equal weight” rating on the stock in a research report on Friday, January 17th. Finally, Piper Sandler dropped their price target on shares of The Hain Celestial Group from $8.00 to $7.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $8.14.

The Hain Celestial Group Trading Up 2.9 %

Shares of HAIN stock opened at $4.94 on Monday. 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 twelve month low of $4.47 and a twelve month high of $11.68. The company’s 50-day moving average price is $6.32 and its 200-day moving average price is $7.35. The stock has a market cap of $445.54 million, a price-to-earnings ratio of -5.26 and a beta of 0.74.

The Hain Celestial Group (NASDAQ:HAIN) last posted its 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 firm had revenue of $394.60 million during the quarter, compared to analyst estimates 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 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 earned ($0.04) earnings per share. As a group, equities analysts predict that The Hain Celestial Group will post 0.43 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Allworth Financial LP lifted its holdings in The Hain Celestial Group by 433.5% during the 3rd quarter. Allworth Financial LP now owns 2,982 shares of the company’s stock worth $26,000 after buying an additional 2,423 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. raised its stake in shares of The Hain Celestial Group by 225.5% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 4,954 shares of the company’s stock valued at $43,000 after acquiring an additional 3,432 shares in the last quarter. CWA Asset Management Group LLC purchased a new position in The Hain Celestial Group in the third quarter valued at $87,000. CWM LLC grew its stake in The Hain Celestial Group by 14.5% during the 3rd quarter. CWM LLC now owns 10,098 shares of the company’s stock worth $87,000 after purchasing an additional 1,276 shares in the last quarter. Finally, Van ECK Associates Corp increased its holdings in The Hain Celestial Group by 49.0% during the 4th quarter. Van ECK Associates Corp now owns 10,805 shares of the company’s stock worth $66,000 after purchasing an additional 3,554 shares during the period. Institutional investors and hedge funds own 97.01% of the company’s stock.

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.