Barclays Lowers The Hain Celestial Group (NASDAQ:HAIN) Price Target to $6.00

The Hain Celestial Group (NASDAQ:HAIN) had its price objective cut by stock analysts at Barclays from $8.00 to $6.00 in a report issued on Friday,Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Barclays‘s price target would suggest a potential upside of 27.93% from the stock’s current price.

HAIN has been the topic of several other reports. DA Davidson dropped 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 report on Tuesday, November 12th. Piper Sandler cut their target price 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. Six research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $9.00.

The Hain Celestial Group Price Performance

NASDAQ HAIN opened at $4.69 on Friday. The stock has a market capitalization of $422.99 million, a P/E ratio of -4.99 and a beta of 0.76. 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 business’s fifty day moving average is $6.92 and its two-hundred day moving average is $7.53. The Hain Celestial Group has a 1 year low of $4.47 and a 1 year high of $11.68.

The Hain Celestial Group (NASDAQ:HAIN) last announced its earnings results on Thursday, November 7th. The company reported ($0.04) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.02). The company 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 company’s revenue for the quarter was down 7.2% on a year-over-year basis. During the same period in the prior year, the company earned ($0.04) earnings per share. On average, research analysts forecast that The Hain Celestial Group will post 0.43 earnings per share for the current fiscal year.

Institutional Investors Weigh In On The Hain Celestial Group

A number of institutional investors have recently modified their holdings of HAIN. Inspire Investing LLC lifted its stake in The Hain Celestial Group by 38.1% in the fourth quarter. Inspire Investing LLC now owns 65,271 shares of the company’s stock valued at $401,000 after acquiring an additional 18,019 shares during the last quarter. First Hawaiian Bank increased its position in The Hain Celestial Group by 15.0% in the 4th quarter. First Hawaiian Bank now owns 65,504 shares of the company’s stock worth $403,000 after buying an additional 8,546 shares during the period. Central Pacific Bank Trust Division raised its stake in The Hain Celestial Group by 14.9% during the 4th quarter. Central Pacific Bank Trust Division now owns 42,512 shares of the company’s stock valued at $261,000 after purchasing an additional 5,517 shares during the last quarter. GAMMA Investing LLC grew its position in The Hain Celestial Group by 20.7% during the fourth quarter. GAMMA Investing LLC now owns 30,650 shares of the company’s stock worth $188,000 after buying an additional 5,250 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of The Hain Celestial Group by 68.7% during the third quarter. JPMorgan Chase & Co. now owns 320,457 shares of the company’s stock valued at $2,766,000 after purchasing an additional 130,477 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.