The Hain Celestial Group (NASDAQ:HAIN) Price Target Lowered to $6.00 at Stifel Nicolaus

The Hain Celestial Group (NASDAQ:HAIN) had its target price lowered by Stifel Nicolaus from $7.00 to $6.00 in a report published on Tuesday morning,Benzinga reports. The brokerage currently has a hold rating on the stock.

A number of other equities research analysts also recently weighed in on HAIN. JPMorgan Chase & Co. lowered 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. Mizuho lowered their target price on shares of The Hain Celestial Group from $7.00 to $4.50 and set a “neutral” rating on the stock in a research note on Tuesday. DA Davidson lowered their target price on shares of The Hain Celestial Group from $9.00 to $8.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 12th. Barclays lowered their target price on shares of The Hain Celestial Group from $6.00 to $5.00 and set an “equal weight” rating on the stock in a research note on Tuesday. Finally, Piper Sandler decreased their price target on shares of The Hain Celestial Group from $8.00 to $7.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Seven investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $6.56.

The Hain Celestial Group Trading Up 1.8 %

Shares of The Hain Celestial Group stock 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 company has a market cap of $400.44 million, a price-to-earnings ratio of -4.72 and a beta of 0.74. 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 company’s 50-day moving average price is $5.85 and its 200-day moving average price is $7.22.

The Hain Celestial Group (NASDAQ:HAIN) last announced its earnings results on Monday, February 10th. The company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.04). The Hain Celestial Group had a negative net margin of 4.94% and a positive return on equity of 3.13%. On average, equities analysts expect that The Hain Celestial Group will post 0.43 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in HAIN. SG Americas Securities LLC bought a new position in shares of The Hain Celestial Group in the third quarter worth approximately $260,000. CWM LLC grew its holdings in shares of The Hain Celestial Group by 14.5% in the third quarter. CWM LLC now owns 10,098 shares of the company’s stock worth $87,000 after purchasing an additional 1,276 shares during the last quarter. Creative Planning grew its holdings in shares of The Hain Celestial Group by 3.6% in the third quarter. Creative Planning now owns 36,298 shares of the company’s stock worth $313,000 after purchasing an additional 1,272 shares during the last quarter. Swedbank AB bought a new position in shares of The Hain Celestial Group in the third quarter worth approximately $216,000. Finally, Assenagon Asset Management S.A. grew its holdings in shares of The Hain Celestial Group by 2.1% in the third quarter. Assenagon Asset Management S.A. now owns 637,563 shares of the company’s stock worth $5,502,000 after purchasing an additional 13,376 shares during the last quarter. 97.01% of the stock is owned by hedge funds and other institutional investors.

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.