Barclays Lowers The Hain Celestial Group (NASDAQ:HAIN) Price Target to $4.00

The Hain Celestial Group (NASDAQ:HAIN) had its target price lowered by Barclays from $5.00 to $4.00 in a report issued on Monday,Benzinga reports. The brokerage currently has an equal weight rating on the stock.

Several other equities analysts have also recently commented on HAIN. Stifel Nicolaus reduced their price target on shares of The Hain Celestial Group from $7.00 to $6.00 and set a “hold” rating on the stock in a research report on Tuesday, February 11th. Mizuho reduced their target price on The Hain Celestial Group from $7.00 to $4.50 and set a “neutral” rating on the stock in a report on Tuesday, February 11th. JPMorgan Chase & Co. lowered their price target on The Hain Celestial Group from $6.00 to $5.00 and set a “neutral” rating for the company in a report on Friday, March 14th. Maxim Group reduced their price objective on The Hain Celestial Group from $15.00 to $10.00 and set a “buy” rating on the stock in a research note on Tuesday, February 11th. Finally, Piper Sandler lowered their target price on shares of The Hain Celestial Group from $8.00 to $7.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Seven 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 data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $6.31.

The Hain Celestial Group Stock Performance

Shares of HAIN opened at $3.05 on Monday. The firm has a market cap of $275.25 million, a price-to-earnings ratio of -1.57 and a beta of 0.93. The company has a quick ratio of 1.00, a current ratio of 1.90 and a debt-to-equity ratio of 0.90. The business’s 50 day moving average is $3.95 and its two-hundred day moving average is $6.06. The Hain Celestial Group has a 52-week low of $3.03 and a 52-week high of $9.43.

The Hain Celestial Group (NASDAQ:HAIN) last posted its quarterly earnings results on Monday, February 10th. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.04). The Hain Celestial Group had a negative net margin of 10.51% and a positive return on equity of 2.88%. Analysts forecast that The Hain Celestial Group will post 0.4 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. Wedmont Private Capital acquired a new position in shares of The Hain Celestial Group during the first quarter valued at $52,000. Van ECK Associates Corp lifted its position in The Hain Celestial Group by 49.0% in the 4th 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 during the last quarter. Virtu Financial LLC acquired a new position in The Hain Celestial Group during the 4th quarter valued at about $73,000. Grace & White Inc. NY bought a new position in The Hain Celestial Group in the 4th quarter worth about $86,000. Finally, Polymer Capital Management US LLC acquired a new stake in shares of The Hain Celestial Group in the fourth quarter valued at approximately $90,000. 97.01% of the stock is currently owned by 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.