The Hain Celestial Group (NASDAQ:HAIN) Price Target Cut to $10.00 by Analysts at Maxim Group

The Hain Celestial Group (NASDAQ:HAIN) had its price objective dropped by equities research analysts at Maxim Group from $15.00 to $10.00 in a report released on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Maxim Group’s target price suggests a potential upside of 144.80% from the company’s previous close.

Other research analysts also recently issued research reports about the company. Stifel Nicolaus reduced their price objective on The Hain Celestial Group from $7.00 to $6.00 and set a “hold” rating on the stock in a report on Tuesday. Piper Sandler dropped their price target on shares of The Hain Celestial Group from $8.00 to $7.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. JPMorgan Chase & Co. lowered their target price on shares of The Hain Celestial Group from $8.00 to $6.00 and set a “neutral” rating for the company in a report on Monday, February 3rd. Mizuho reduced their price objective on shares of The Hain Celestial Group from $7.00 to $4.50 and set a “neutral” rating on the stock in a research note on Tuesday. Finally, DA Davidson dropped 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. Six equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, The Hain Celestial Group presently has an average rating of “Hold” and a consensus target price of $6.64.

The Hain Celestial Group Price Performance

HAIN traded down $0.11 during trading on Tuesday, hitting $4.09. The company’s stock had a trading volume of 276,060 shares, compared to its average volume of 1,749,045. The company has a quick ratio of 1.05, a current ratio of 2.01 and a debt-to-equity ratio of 0.76. The stock has a market capitalization of $368.43 million, a price-to-earnings ratio of -4.34 and a beta of 0.74. The firm’s 50 day moving average price is $6.01 and its two-hundred day moving average price is $7.27. 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 data 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 positive return on equity of 3.13% and a negative net margin of 4.94%. Sell-side analysts forecast that The Hain Celestial Group will post 0.43 earnings per share for the current fiscal year.

Institutional Trading of The Hain Celestial Group

Institutional investors have recently made changes to their positions in the business. Intech Investment Management LLC increased its position in shares of The Hain Celestial Group by 49.7% in the fourth quarter. Intech Investment Management LLC now owns 34,361 shares of the company’s stock valued at $211,000 after acquiring an additional 11,401 shares during the last quarter. Madison Asset Management LLC lifted its holdings in The Hain Celestial Group by 38.8% during the 4th quarter. Madison Asset Management LLC now owns 582,645 shares of the company’s stock valued at $3,583,000 after purchasing an additional 162,779 shares during the last quarter. Wealthfront Advisers LLC bought a new position in The Hain Celestial Group during the fourth quarter worth $370,371,000. Amundi increased its holdings in shares of The Hain Celestial Group by 151.0% in the fourth quarter. Amundi now owns 49,454 shares of the company’s stock valued at $304,000 after purchasing an additional 29,748 shares during the last quarter. Finally, Inceptionr LLC bought a new position in shares of The Hain Celestial Group in the fourth quarter valued at about $167,000. 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.