The Hain Celestial Group (NASDAQ:HAIN) Price Target Cut to $6.00 by Analysts at Barclays

The Hain Celestial Group (NASDAQ:HAIN - Get Free Report) had its target price decreased by analysts at Barclays from $8.00 to $6.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage presently has an "equal weight" rating on the stock. Barclays's price objective points to a potential upside of 27.93% from the company's previous close.

Other equities analysts also recently issued research reports about the stock. DA Davidson reduced their price objective on shares of The Hain Celestial Group from $9.00 to $8.00 and set a "neutral" rating for the company in a research note on Tuesday, November 12th. Piper Sandler reduced their price target on The Hain Celestial Group from $8.00 to $7.00 and set a "neutral" rating for the company in a research report on Thursday. Six analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, The Hain Celestial Group presently has an average rating of "Hold" and an average target price of $9.00.

The Hain Celestial Group Stock Down 0.4 %

Shares of HAIN stock traded down $0.02 during mid-day trading on Friday, hitting $4.69. The stock had a trading volume of 1,678,477 shares, compared to its average volume of 1,316,756. The Hain Celestial Group has a 12-month low of $4.47 and a 12-month high of $11.68. 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's 50-day moving average is $6.92 and its two-hundred day moving average is $7.52. The firm has a market capitalization of $422.99 million, a P/E ratio of -4.99 and a beta of 0.76.

The Hain Celestial Group (NASDAQ:HAIN - Get Free Report) last issued its earnings results on Thursday, November 7th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate 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 the consensus estimate of $394.24 million. During the same quarter in the previous year, the company earned ($0.04) earnings per share. The firm's revenue was down 7.2% on a year-over-year basis. On average, analysts predict that The Hain Celestial Group will post 0.43 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Allworth Financial LP boosted its holdings in The Hain Celestial Group by 433.5% in the third quarter. Allworth Financial LP now owns 2,982 shares of the company's stock worth $26,000 after acquiring an additional 2,423 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. boosted its stake in The Hain Celestial Group by 225.5% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 4,954 shares of the company's stock worth $43,000 after purchasing an additional 3,432 shares in the last quarter. Choreo LLC purchased a new stake in The Hain Celestial Group during the 2nd quarter worth approximately $71,000. Evergreen Capital Management LLC acquired a new position in The Hain Celestial Group during the 2nd quarter valued at approximately $72,000. Finally, Canada Pension Plan Investment Board acquired a new position in The Hain Celestial Group during the 2nd quarter valued at approximately $82,000. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

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.