JPMorgan Chase & Co. Cuts The Hain Celestial Group (NASDAQ:HAIN) Price Target to $5.00

The Hain Celestial Group (NASDAQ:HAIN) had its price objective lowered by analysts at JPMorgan Chase & Co. from $6.00 to $5.00 in a report released on Friday,Benzinga reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price target would indicate a potential upside of 30.89% from the stock’s current price.

Several other research analysts also recently weighed in on HAIN. Maxim Group lowered their price objective on shares of The Hain Celestial Group from $15.00 to $10.00 and set a “buy” rating on the stock in a report on Tuesday, February 11th. Mizuho lowered their price objective on shares of 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. Piper Sandler lowered their price objective on shares of The Hain Celestial Group from $8.00 to $7.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. Stifel Nicolaus lowered their price objective on shares of The Hain Celestial Group from $7.00 to $6.00 and set a “hold” rating on the stock in a report on Tuesday, February 11th. Finally, Evercore ISI lowered their price objective on shares of The Hain Celestial Group from $9.00 to $6.00 and set an “in-line” rating on the stock in a report on Wednesday, February 12th. Seven research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $6.44.

The Hain Celestial Group Trading Down 12.0 %

NASDAQ:HAIN opened at $3.82 on Friday. The firm’s fifty day moving average is $4.54 and its 200-day moving average is $6.76. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.00 and a current ratio of 1.90. The Hain Celestial Group has a 52 week low of $3.28 and a 52 week high of $9.43. The firm has a market cap of $344.74 million, a P/E ratio of -1.97 and a beta of 0.83.

The Hain Celestial Group (NASDAQ:HAIN) last issued its 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 positive return on equity of 2.88% and a negative net margin of 10.51%. Equities analysts expect that The Hain Celestial Group will post 0.4 earnings per share for the current year.

Institutional Trading of The Hain Celestial Group

Several institutional investors and hedge funds have recently made changes to their positions in the company. Barrow Hanley Mewhinney & Strauss LLC grew its position in The Hain Celestial Group by 9.8% during the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 6,223,817 shares of the company’s stock valued at $38,276,000 after buying an additional 555,195 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in The Hain Celestial Group by 13.1% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 248,318 shares of the company’s stock valued at $1,527,000 after buying an additional 28,788 shares during the period. Two Sigma Investments LP grew its position in The Hain Celestial Group by 3.7% during the fourth quarter. Two Sigma Investments LP now owns 992,063 shares of the company’s stock valued at $6,101,000 after buying an additional 35,023 shares during the period. Raiffeisen Bank International AG bought a new position in The Hain Celestial Group during the fourth quarter valued at about $12,619,000. Finally, ProShare Advisors LLC boosted its position in The Hain Celestial Group by 44.5% during the fourth quarter. ProShare Advisors LLC now owns 27,039 shares of the company’s stock worth $166,000 after purchasing an additional 8,322 shares during the period. Hedge funds and other institutional investors 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.