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

The Hain Celestial Group (NASDAQ:HAIN) had its target price decreased by Barclays from $9.00 to $8.00 in a research report sent to investors on Monday morning,Benzinga reports. Barclays currently has an equal weight rating on the stock.

Other equities research analysts have also issued reports about the stock. Stifel Nicolaus raised their price objective on shares of The Hain Celestial Group from $8.00 to $9.00 and gave the stock a “hold” rating in a report on Wednesday, August 28th. Piper Sandler restated a “neutral” rating and issued a $8.00 price target on shares of The Hain Celestial Group in a report on Thursday, September 19th. Finally, DA Davidson reiterated a “neutral” rating and set a $8.00 price objective on shares of The Hain Celestial Group in a report on Wednesday, August 28th. Six investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $9.43.

The Hain Celestial Group Trading Up 3.6 %

Shares of HAIN stock opened at $6.86 on Monday. The Hain Celestial Group has a 12-month low of $5.68 and a 12-month high of $11.97. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.01 and a quick ratio of 1.05. The firm has a fifty day moving average of $8.29 and a 200-day moving average of $7.58.

The Hain Celestial Group (NASDAQ:HAIN) last released its quarterly earnings results on Thursday, November 7th. The company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.02). The Hain Celestial Group had a positive return on equity of 3.13% and a negative net margin of 4.94%. The business had revenue of $394.60 million for the quarter, compared to analyst estimates of $394.24 million. During the same period in the prior year, the business earned ($0.04) EPS. The company’s revenue for the quarter was down 7.2% compared to the same quarter last year. Sell-side analysts predict that The Hain Celestial Group will post 0.46 EPS for the current fiscal year.

Insider Buying and Selling at The Hain Celestial Group

In other news, insider Chad D. Marquardt bought 5,300 shares of the business’s stock in a transaction that occurred on Wednesday, September 4th. The stock was acquired at an average cost of $8.32 per share, for a total transaction of $44,096.00. Following the purchase, the insider now owns 15,300 shares of the company’s stock, valued at approximately $127,296. This trade represents a 53.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.83% of the company’s stock.

Institutional Trading of The Hain Celestial Group

A number of hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. increased its holdings in shares of The Hain Celestial Group by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 10,942,729 shares of the company’s stock worth $86,010,000 after acquiring an additional 84,689 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC increased its holdings in shares of The Hain Celestial Group by 1.1% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 5,698,984 shares of the company’s stock valued at $39,380,000 after purchasing an additional 62,865 shares during the last quarter. PGGM Investments raised its position in shares of The Hain Celestial Group by 1.3% in the second quarter. PGGM Investments now owns 4,183,854 shares of the company’s stock valued at $28,910,000 after purchasing an additional 51,912 shares during the period. Millennium Management LLC lifted its stake in shares of The Hain Celestial Group by 171.3% during the 2nd quarter. Millennium Management LLC now owns 2,634,718 shares of the company’s stock worth $18,206,000 after buying an additional 1,663,542 shares during the last quarter. Finally, Invenomic Capital Management LP bought a new stake in shares of The Hain Celestial Group during the 1st quarter worth about $11,294,000. 97.01% of the stock is owned by institutional investors and hedge funds.

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.