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

The Hain Celestial Group (NASDAQ:HAIN) had its target price lowered by Barclays from $6.00 to $5.00 in a research note published on Tuesday morning,Benzinga reports. The firm currently has an equal weight rating on the stock.

A number of other research firms have also recently commented on HAIN. JPMorgan Chase & Co. decreased their target price on shares of The Hain Celestial Group from $8.00 to $6.00 and set a “neutral” rating on the stock in a research note on Monday, February 3rd. Stifel Nicolaus decreased their target price on shares of The Hain Celestial Group from $9.00 to $7.00 and set a “hold” rating on the stock in a research note on Friday, January 24th. Mizuho cut their price objective on shares of The Hain Celestial Group from $7.00 to $4.50 and set a “neutral” rating for the company in a report on Tuesday. DA Davidson cut 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 report on Tuesday, November 12th. Finally, Piper Sandler cut their price objective on shares of 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. Seven analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, The Hain Celestial Group has a consensus rating of “Hold” and an average target price of $6.56.

The Hain Celestial Group Price Performance

NASDAQ HAIN opened at $4.44 on Tuesday. The Hain Celestial Group has a 12 month low of $3.28 and a 12 month high of $10.07. The stock has a market cap of $400.44 million, a price-to-earnings ratio of -4.72 and a beta of 0.74. The company’s 50 day moving average is $5.85 and its two-hundred day moving average is $7.22. 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 (NASDAQ:HAIN) last released its earnings results on Monday, February 10th. The company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.04). The Hain Celestial Group had a positive return on equity of 3.13% and a negative net margin of 4.94%. As a group, research analysts anticipate that The Hain Celestial Group will post 0.43 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Allworth Financial LP grew its holdings in shares of The Hain Celestial Group by 433.5% in the third quarter. Allworth Financial LP now owns 2,982 shares of the company’s stock valued at $26,000 after purchasing an additional 2,423 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. grew its holdings 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 purchasing an additional 3,432 shares in the last quarter. Van ECK Associates Corp grew its holdings in shares of The Hain Celestial Group by 49.0% in the fourth quarter. Van ECK Associates Corp now owns 10,805 shares of the company’s stock valued at $66,000 after purchasing an additional 3,554 shares in the last quarter. Virtu Financial LLC purchased a new position in shares of The Hain Celestial Group in the fourth quarter valued at $73,000. Finally, Grace & White Inc. NY purchased a new position in shares of The Hain Celestial Group in the fourth quarter valued at $86,000. 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.