The Hain Celestial Group (NASDAQ:HAIN) Price Target Cut to $5.00 by Analysts at Maxim Group

The Hain Celestial Group (NASDAQ:HAIN) had its target price reduced by investment analysts at Maxim Group from $10.00 to $5.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Maxim Group’s price objective indicates a potential upside of 215.46% from the stock’s previous close.

Several other equities research analysts also recently weighed in on the stock. JPMorgan Chase & Co. cut their target price on shares of The Hain Celestial Group from $6.00 to $5.00 and set a “neutral” rating on the stock in a research note on Friday, March 14th. Mizuho cut their price objective on The Hain Celestial Group from $7.00 to $4.50 and set a “neutral” rating on the stock in a research report on Tuesday, February 11th. Sanford C. Bernstein cut The Hain Celestial Group from an “outperform” rating to a “market perform” rating and set a $1.50 price objective on the stock. in a research note on Thursday. Stifel Nicolaus lowered their target price on The Hain Celestial Group from $4.00 to $1.50 and set a “hold” rating for the company in a research note on Thursday. Finally, Piper Sandler reduced their price target 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. Nine research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $4.61.

The Hain Celestial Group Stock Up 2.9 %

NASDAQ:HAIN opened at $1.59 on Thursday. The Hain Celestial Group has a 52 week low of $1.30 and a 52 week high of $9.43. The company has a quick ratio of 1.00, a current ratio of 1.90 and a debt-to-equity ratio of 0.90. The stock’s fifty day moving average is $3.43 and its two-hundred day moving average is $5.32. The stock has a market capitalization of $143.04 million, a price-to-earnings ratio of -0.82 and a beta of 1.05.

The Hain Celestial Group (NASDAQ:HAIN) last announced its earnings results on Wednesday, May 7th. The company reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.05). The firm had revenue of $390.35 million for the quarter, compared to analysts’ expectations of $414.45 million. The Hain Celestial Group had a negative net margin of 10.51% and a positive return on equity of 2.88%. The business’s revenue was down 10.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.13 earnings per share. Research analysts anticipate that The Hain Celestial Group will post 0.4 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in HAIN. Deutsche Bank AG boosted its holdings in The Hain Celestial Group by 634.0% in the first quarter. Deutsche Bank AG now owns 616,908 shares of the company’s stock valued at $2,560,000 after purchasing an additional 532,864 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of The Hain Celestial Group by 32.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,595,704 shares of the company’s stock worth $6,622,000 after buying an additional 391,034 shares during the last quarter. XTX Topco Ltd acquired a new position in shares of The Hain Celestial Group in the 1st quarter valued at $710,000. GSA Capital Partners LLP lifted its position in The Hain Celestial Group by 206.1% in the first quarter. GSA Capital Partners LLP now owns 318,326 shares of the company’s stock valued at $1,321,000 after acquiring an additional 214,334 shares during the last quarter. Finally, Federated Hermes Inc. lifted its position in The Hain Celestial Group by 21.3% in the first quarter. Federated Hermes Inc. now owns 1,059,302 shares of the company’s stock valued at $4,396,000 after acquiring an additional 185,745 shares during the last quarter. Hedge funds and other institutional investors own 97.01% of the company’s stock.

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.