The Hain Celestial Group (NASDAQ:HAIN) Price Target Lowered to $6.00 at Stifel Nicolaus

The Hain Celestial Group (NASDAQ:HAIN) had its price target dropped by investment analysts at Stifel Nicolaus from $7.00 to $6.00 in a research note issued on Tuesday,Benzinga reports. The firm presently has a “hold” rating on the stock. Stifel Nicolaus’ price target would indicate a potential upside of 46.88% from the stock’s current price.

A number of other brokerages also recently commented on HAIN. Mizuho lowered their price objective on The Hain Celestial Group from $7.00 to $4.50 and set a “neutral” rating for the company in a research report on Tuesday. Piper Sandler dropped 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 note on Thursday, January 16th. DA Davidson decreased 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 research report on Tuesday, November 12th. JPMorgan Chase & Co. dropped their price target on shares of The Hain Celestial Group from $8.00 to $6.00 and set a “neutral” rating for the company in a research report on Monday, February 3rd. Finally, Barclays decreased 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 report on Tuesday. Six investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $7.36.

The Hain Celestial Group Price Performance

The Hain Celestial Group stock traded down $0.11 during midday trading on Tuesday, reaching $4.09. 216,910 shares of the company were exchanged, compared to its average volume of 1,745,982. The company has a market capitalization of $368.43 million, a price-to-earnings ratio of -4.35 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 firm’s 50-day simple moving average is $6.01 and its 200-day simple moving average is $7.27. The Hain Celestial Group has a 1 year low of $3.28 and a 1 year high of $10.07.

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 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 anticipate that The Hain Celestial Group will post 0.43 EPS for the current year.

Hedge Funds Weigh In On The Hain Celestial Group

Hedge funds have recently modified their holdings of the company. Intech Investment Management LLC lifted its position in The Hain Celestial Group by 49.7% in the 4th quarter. Intech Investment Management LLC now owns 34,361 shares of the company’s stock worth $211,000 after buying an additional 11,401 shares in the last quarter. Madison Asset Management LLC increased its stake in shares of The Hain Celestial Group by 38.8% in the fourth quarter. Madison Asset Management LLC now owns 582,645 shares of the company’s stock worth $3,583,000 after acquiring an additional 162,779 shares during the last quarter. Wealthfront Advisers LLC acquired a new stake in The Hain Celestial Group during the fourth quarter valued at $370,371,000. Amundi grew its stake in 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 in the last quarter. Finally, Inceptionr LLC purchased a new position in The Hain Celestial Group in the fourth quarter valued at about $167,000. 97.01% of the stock is currently owned by institutional investors and hedge funds.

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.