Maxim Group Lowers The Hain Celestial Group (NASDAQ:HAIN) Price Target to $10.00

The Hain Celestial Group (NASDAQ:HAIN) had its price objective decreased by analysts at Maxim Group from $15.00 to $10.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the stock. Maxim Group’s target price indicates a potential upside of 129.36% from the company’s previous close.

Other research analysts also recently issued reports about the stock. JPMorgan Chase & Co. lowered their price objective on shares of The Hain Celestial Group from $8.00 to $6.00 and set a “neutral” rating on the stock in a research report on Monday, February 3rd. Barclays dropped their price target 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 note on Tuesday. Stifel Nicolaus reduced their price objective on The Hain Celestial Group from $7.00 to $6.00 and set a “hold” rating for the company in a research report on Tuesday. Piper Sandler dropped their target price 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. Finally, DA Davidson reduced their price target on The Hain Celestial Group from $9.00 to $8.00 and set a “neutral” rating for the company in a report on Tuesday, November 12th. Seven analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, The Hain Celestial Group currently has an average rating of “Hold” and a consensus target price of $6.56.

The Hain Celestial Group Price Performance

NASDAQ HAIN opened at $4.36 on Tuesday. 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 1 year low of $3.28 and a 1 year high of $10.07. The company has a market cap of $393.23 million, a PE ratio of -4.64 and a beta of 0.74. The stock’s 50-day moving average price is $5.85 and its two-hundred day moving average price is $7.22.

The Hain Celestial Group (NASDAQ:HAIN) last released its earnings results on Monday, February 10th. The company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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%. On average, analysts predict that The Hain Celestial Group will post 0.43 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Allworth Financial LP increased its position in The Hain Celestial Group by 433.5% during the third quarter. Allworth Financial LP now owns 2,982 shares of the company’s stock worth $26,000 after acquiring an additional 2,423 shares during the period. Point72 Asia Singapore Pte. Ltd. increased its holdings 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 purchasing an additional 3,432 shares during the period. CWA Asset Management Group LLC acquired a new position in shares of The Hain Celestial Group during the third quarter valued at about $87,000. CWM LLC lifted its stake in shares of The Hain Celestial Group by 14.5% in the third quarter. CWM LLC now owns 10,098 shares of the company’s stock valued at $87,000 after buying an additional 1,276 shares during the period. Finally, Van ECK Associates Corp lifted its stake in shares of The Hain Celestial Group by 49.0% in the fourth quarter. Van ECK Associates Corp now owns 10,805 shares of the company’s stock valued at $66,000 after buying an additional 3,554 shares during the period. 97.01% of the stock is 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.