The Hain Celestial Group (NASDAQ:HAIN) Price Target Lowered to $1.50 at Stifel Nicolaus

The Hain Celestial Group (NASDAQ:HAIN) had its price target trimmed by Stifel Nicolaus from $4.00 to $1.50 in a research note published on Thursday,Benzinga reports. The firm currently has a hold rating on the stock.

Other analysts have also issued research reports about the company. Evercore ISI cut their price target on The Hain Celestial Group from $6.00 to $5.00 and set an “in-line” rating for the company in a report on Wednesday, April 23rd. Maxim Group decreased their target price on shares of 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. Sanford C. Bernstein lowered shares of The Hain Celestial Group from an “outperform” rating to a “market perform” rating and set a $1.50 price target for the company. in a research report on Thursday. Piper Sandler decreased 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 research report on Thursday, January 16th. Finally, Mizuho dropped their target price 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, February 11th. Nine research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $4.61.

The Hain Celestial Group Trading Up 2.9 %

The Hain Celestial Group stock opened at $1.59 on Thursday. The Hain Celestial Group has a 52-week low of $1.30 and a 52-week high of $9.43. The company has a market cap of $143.04 million, a P/E ratio of -0.82 and a beta of 1.05. 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 has a 50-day simple moving average of $3.43 and a two-hundred day simple moving average of $5.30.

The Hain Celestial Group (NASDAQ:HAIN) last announced its earnings results on Wednesday, May 7th. The company reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.05). The Hain Celestial Group had a negative net margin of 10.51% and a positive return on equity of 2.88%. The business had revenue of $390.35 million for the quarter, compared to analysts’ expectations of $414.45 million. During the same period in the prior year, the company posted $0.13 earnings per share. The firm’s quarterly revenue was down 10.9% on a year-over-year basis. Analysts predict that The Hain Celestial Group will post 0.4 EPS for the current year.

Institutional Investors Weigh In On The Hain Celestial Group

Several large investors have recently made changes to their positions in HAIN. Signaturefd LLC increased its stake in The Hain Celestial Group by 174.5% in the 1st quarter. Signaturefd LLC now owns 6,858 shares of the company’s stock worth $28,000 after acquiring an additional 4,360 shares during the last quarter. Wedmont Private Capital bought a new stake in The Hain Celestial Group in the first quarter worth $52,000. Byrne Asset Management LLC raised its stake in The Hain Celestial Group by 240.0% during the first quarter. Byrne Asset Management LLC now owns 13,599 shares of the company’s stock valued at $56,000 after purchasing an additional 9,599 shares in the last quarter. CWM LLC lifted its position in The Hain Celestial Group by 106.8% during the first quarter. CWM LLC now owns 15,493 shares of the company’s stock valued at $64,000 after purchasing an additional 8,000 shares during the last quarter. Finally, Van ECK Associates Corp grew its stake in shares of 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 worth $66,000 after buying an additional 3,554 shares in the last quarter. 97.01% of the stock is owned by 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.