The Hain Celestial Group (NASDAQ:HAIN) Price Target Cut to $6.00 by Analysts at Evercore ISI

The Hain Celestial Group (NASDAQ:HAIN) had its target price cut by Evercore ISI from $9.00 to $6.00 in a report issued on Wednesday,Benzinga reports. They currently have an in-line rating on the stock.

HAIN has been the topic of a number of other reports. Maxim Group reduced their target price on shares of The Hain Celestial Group from $15.00 to $10.00 and set a “buy” rating for the company in a report on Tuesday. Mizuho dropped 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. Barclays lowered their price objective on shares of The Hain Celestial Group from $6.00 to $5.00 and set an “equal weight” rating on the stock in a research report on Tuesday. Piper Sandler cut their price objective on shares of The Hain Celestial Group from $8.00 to $7.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Finally, DA Davidson lowered 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 report on Tuesday, November 12th. Seven research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $6.56.

The Hain Celestial Group Stock Down 1.1 %

HAIN opened at $4.36 on Wednesday. The stock has a market capitalization of $393.23 million, a P/E ratio of -4.64 and a beta of 0.74. 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 Hain Celestial Group has a one year low of $3.28 and a one year high of $10.07. The business’s 50-day simple moving average is $5.85 and its 200-day simple moving average is $7.22.

The Hain Celestial Group (NASDAQ:HAIN) last posted its quarterly earnings data on Monday, February 10th. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.04). The Hain Celestial Group had a negative net margin of 4.94% and a positive return on equity of 3.13%. Analysts anticipate that The Hain Celestial Group will post 0.43 EPS for the current year.

Institutional Trading of The Hain Celestial Group

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Allworth Financial LP increased its holdings in The Hain Celestial Group by 433.5% in the third quarter. Allworth Financial LP now owns 2,982 shares of the company’s stock valued at $26,000 after buying an additional 2,423 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. boosted its stake in shares of The Hain Celestial Group by 225.5% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 4,954 shares of the company’s stock worth $43,000 after acquiring an additional 3,432 shares in the last quarter. Van ECK Associates Corp grew its holdings 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 acquiring an additional 3,554 shares during the period. Virtu Financial LLC purchased a new position in The Hain Celestial Group in the 4th quarter valued at approximately $73,000. Finally, Grace & White Inc. NY acquired a new position in The Hain Celestial Group during the fourth quarter worth $86,000. Institutional investors and hedge funds own 97.01% of the company’s stock.

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.