Stifel Nicolaus Has Lowered Expectations for The Hain Celestial Group (NASDAQ:HAIN) Stock Price

The Hain Celestial Group (NASDAQ:HAIN) had its target price dropped by stock analysts at Stifel Nicolaus from $7.00 to $6.00 in a research note issued on Tuesday,Benzinga reports. The firm currently has a “hold” rating on the stock. Stifel Nicolaus’ price objective indicates a potential upside of 37.61% from the company’s current price.

Several other equities analysts have also recently issued reports on the company. Barclays reduced their price objective on 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. DA Davidson lowered their price objective on shares of The Hain Celestial Group from $9.00 to $8.00 and set a “neutral” rating for the company in a research report on Tuesday, November 12th. Mizuho cut 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 report on Tuesday. JPMorgan Chase & Co. decreased their target price on The Hain Celestial Group from $8.00 to $6.00 and set a “neutral” rating for the company in a research note on Monday, February 3rd. Finally, Piper Sandler dropped their price target on 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. Seven equities 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.com, the company has a consensus rating of “Hold” and a consensus target price of $6.56.

The Hain Celestial Group Stock Down 1.1 %

Shares of NASDAQ:HAIN opened at $4.36 on Tuesday. The firm has a market cap of $393.23 million, a PE ratio of -4.64 and a beta of 0.74. The company has a fifty day simple moving average of $5.85 and a 200 day simple moving average of $7.22. 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 Hain Celestial Group has a 12-month low of $3.28 and a 12-month high of $10.07.

The Hain Celestial Group (NASDAQ:HAIN) last issued its quarterly earnings results on Monday, February 10th. The company reported $0.08 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 3.13% and a negative net margin of 4.94%. On average, equities research analysts anticipate that The Hain Celestial Group will post 0.43 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Wealthfront Advisers LLC bought a new stake in shares of The Hain Celestial Group in the 4th quarter worth approximately $370,371,000. Barrow Hanley Mewhinney & Strauss LLC lifted its position in shares of The Hain Celestial Group by 9.8% during the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 6,223,817 shares of the company’s stock valued at $38,276,000 after acquiring an additional 555,195 shares during the last quarter. State Street Corp boosted its stake in shares of The Hain Celestial Group by 0.4% during the 3rd quarter. State Street Corp now owns 3,464,855 shares of the company’s stock worth $29,902,000 after acquiring an additional 15,494 shares in the last quarter. Wellington Management Group LLP purchased a new stake in shares of The Hain Celestial Group during the fourth quarter valued at $14,322,000. Finally, Geode Capital Management LLC boosted its position in shares of The Hain Celestial Group by 0.7% in the 4th quarter. Geode Capital Management LLC now owns 2,243,999 shares of the company’s stock valued at $13,803,000 after purchasing an additional 14,818 shares during the period. 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.