Barclays Trims The Hain Celestial Group (NASDAQ:HAIN) Target Price to $8.00

The Hain Celestial Group (NASDAQ:HAIN) had its price target lowered by Barclays from $11.00 to $8.00 in a research report sent to investors on Friday morning, Benzinga reports. The firm currently has an equal weight rating on the stock.

A number of other equities analysts have also weighed in on HAIN. DA Davidson initiated coverage on shares of The Hain Celestial Group in a research note on Friday, March 1st. They issued a neutral rating and a $10.00 target price for the company. JPMorgan Chase & Co. lowered their target price on shares of The Hain Celestial Group from $11.00 to $10.00 and set a neutral rating for the company in a research note on Thursday, February 8th. Mizuho lowered their price objective on shares of The Hain Celestial Group from $11.00 to $10.00 and set a neutral rating on the stock in a research report on Wednesday, April 3rd. Finally, Maxim Group lowered their price target on shares of The Hain Celestial Group from $25.00 to $18.00 and set a buy rating on the stock in a research report on Thursday, February 8th. Eight analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of Hold and a consensus price target of $13.00.

The Hain Celestial Group Stock Down 2.1 %

HAIN stock opened at $6.08 on Friday. The Hain Celestial Group has a twelve month low of $6.07 and a twelve month high of $18.33. The company has a market cap of $546.17 million, a PE ratio of -3.44 and a beta of 0.68. The business’s 50-day simple moving average is $8.72 and its 200 day simple moving average is $10.07. The company has a quick ratio of 1.14, a current ratio of 2.24 and a debt-to-equity ratio of 0.81.

The Hain Celestial Group (NASDAQ:HAIN) last posted its earnings results on Wednesday, February 7th. The company reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.01. The Hain Celestial Group had a negative net margin of 8.88% and a positive return on equity of 2.48%. The company had revenue of $454.10 million during the quarter, compared to analysts’ expectations of $461.31 million. During the same quarter in the previous year, the company posted $0.20 earnings per share. The Hain Celestial Group’s quarterly revenue was up .0% compared to the same quarter last year. On average, research analysts anticipate that The Hain Celestial Group will post 0.29 earnings per share for the current year.

Insider Transactions at The Hain Celestial Group

In other The Hain Celestial Group news, CEO Wendy P. Davidson purchased 5,000 shares of The Hain Celestial Group stock in a transaction that occurred on Tuesday, February 13th. The shares were bought at an average price of $9.46 per share, for a total transaction of $47,300.00. Following the completion of the transaction, the chief executive officer now owns 58,309 shares of the company’s stock, valued at approximately $551,603.14. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.72% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in HAIN. Signaturefd LLC increased its holdings in shares of The Hain Celestial Group by 265.2% during the fourth quarter. Signaturefd LLC now owns 4,127 shares of the company’s stock valued at $45,000 after acquiring an additional 2,997 shares in the last quarter. Cary Street Partners Investment Advisory LLC grew its stake in shares of The Hain Celestial Group by 1,647.1% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 4,455 shares of the company’s stock worth $46,000 after purchasing an additional 4,200 shares during the period. Tower Research Capital LLC TRC grew its stake in shares of The Hain Celestial Group by 371.9% during the 1st quarter. Tower Research Capital LLC TRC now owns 2,690 shares of the company’s stock worth $46,000 after purchasing an additional 2,120 shares during the period. CWM LLC lifted its position in shares of The Hain Celestial Group by 231.8% during the 3rd quarter. CWM LLC now owns 4,556 shares of the company’s stock valued at $47,000 after buying an additional 3,183 shares in the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its position in shares of The Hain Celestial Group by 30.0% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 3,121 shares of the company’s stock valued at $50,000 after buying an additional 721 shares in the last quarter. 97.01% of the stock is currently 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.