Barclays Cuts The Hain Celestial Group (NASDAQ:HAIN) Price Target to $4.00

The Hain Celestial Group (NASDAQ:HAIN) had its price target lowered by Barclays from $5.00 to $4.00 in a research report report published on Monday,Benzinga reports. The firm currently has an equal weight rating on the stock.

A number of other equities analysts also recently weighed in on HAIN. Stifel Nicolaus cut their price target 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. Maxim Group dropped 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. JPMorgan Chase & Co. decreased their price target on shares of The Hain Celestial Group from $6.00 to $5.00 and set a “neutral” rating for the company in a research note on Friday, March 14th. Mizuho reduced their price objective on 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. Finally, Piper Sandler lowered 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 note on Thursday, January 16th. Seven equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $6.31.

The Hain Celestial Group Trading Down 8.2 %

Shares of HAIN stock opened at $2.69 on Monday. The Hain Celestial Group has a 52-week low of $2.68 and a 52-week high of $9.43. The company has a 50-day simple moving average of $3.87 and a two-hundred day simple moving average of $6.02. 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 company has a market capitalization of $242.76 million, a price-to-earnings ratio of -1.39 and a beta of 0.93.

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 analysts’ consensus estimates of $0.12 by ($0.04). The Hain Celestial Group had a negative net margin of 10.51% and a positive return on equity of 2.88%. Research analysts anticipate that The Hain Celestial Group will post 0.4 EPS for the current fiscal year.

Institutional Investors Weigh In On The Hain Celestial Group

Several institutional investors have recently made changes to their positions in the stock. Wedmont Private Capital bought a new stake in shares of The Hain Celestial Group during the 1st quarter valued at $52,000. Byrne Asset Management LLC grew its holdings in The Hain Celestial Group by 240.0% during the 1st quarter. Byrne Asset Management LLC now owns 13,599 shares of the company’s stock valued at $56,000 after buying an additional 9,599 shares in the last quarter. Van ECK Associates Corp increased its position in shares of The Hain Celestial Group by 49.0% during 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. Virtu Financial LLC purchased a new stake in shares of The Hain Celestial Group in the fourth quarter worth about $73,000. Finally, Grace & White Inc. NY bought a new position in shares of The Hain Celestial Group in the fourth quarter valued at approximately $86,000. 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.