The Hain Celestial Group (NASDAQ:HAIN - Get Free Report) had its target price cut by research analysts at Barclays from $5.00 to $4.00 in a note issued to investors on Monday,Benzinga reports. The brokerage presently has an "equal weight" rating on the stock. Barclays's price objective points to a potential upside of 34.68% from the stock's previous close.
HAIN has been the topic of a number of other research reports. JPMorgan Chase & Co. dropped their price objective on The Hain Celestial Group from $6.00 to $5.00 and set a "neutral" rating on the stock in a report on Friday, March 14th. Piper Sandler cut their price objective on shares of The Hain Celestial Group from $8.00 to $7.00 and set a "neutral" rating on the stock in a report on Thursday, January 16th. Evercore ISI lowered their target price on shares of The Hain Celestial Group from $9.00 to $6.00 and set an "in-line" rating for the company in a report on Wednesday, February 12th. Mizuho cut their price target 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, February 11th. Finally, Stifel Nicolaus decreased their price objective on shares of The Hain Celestial Group from $7.00 to $6.00 and set a "hold" rating for the company in a research note on Tuesday, February 11th. Seven equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, The Hain Celestial Group has an average rating of "Hold" and an average price target of $6.31.
Check Out Our Latest Analysis on The Hain Celestial Group
The Hain Celestial Group Stock Up 10.4 %
HAIN stock traded up $0.28 during midday trading on Monday, hitting $2.97. The company's stock had a trading volume of 2,171,184 shares, compared to its average volume of 1,493,293. The firm has a 50-day simple moving average of $3.82 and a 200-day simple moving average of $5.94. The firm has a market capitalization of $268.03 million, a P/E ratio of -1.53 and a beta of 0.93. 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 Hain Celestial Group has a 52-week low of $2.68 and a 52-week high of $9.43.
The Hain Celestial Group (NASDAQ:HAIN - Get Free Report) last released its earnings results 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 positive return on equity of 2.88% and a negative net margin of 10.51%. As a group, equities analysts forecast that The Hain Celestial Group will post 0.4 EPS for the current year.
Institutional Trading of The Hain Celestial Group
Hedge funds and other institutional investors have recently made changes to their positions in the company. Illinois Municipal Retirement Fund boosted its holdings in The Hain Celestial Group by 4.4% in the 4th quarter. Illinois Municipal Retirement Fund now owns 49,113 shares of the company's stock valued at $302,000 after purchasing an additional 2,091 shares in the last quarter. FMR LLC increased its stake in shares of The Hain Celestial Group by 14.9% during the 3rd quarter. FMR LLC now owns 17,580 shares of the company's stock worth $152,000 after purchasing an additional 2,280 shares in the last quarter. Franklin Resources Inc. lifted its stake in The Hain Celestial Group by 5.7% in the 3rd quarter. Franklin Resources Inc. now owns 52,507 shares of the company's stock valued at $445,000 after buying an additional 2,814 shares in the last quarter. MetLife Investment Management LLC grew its holdings in The Hain Celestial Group by 6.3% during the 4th quarter. MetLife Investment Management LLC now owns 54,389 shares of the company's stock valued at $334,000 after buying an additional 3,215 shares during the last quarter. Finally, Van ECK Associates Corp raised its holdings in shares of The Hain Celestial Group by 49.0% in the fourth quarter. Van ECK Associates Corp now owns 10,805 shares of the company's stock worth $66,000 after acquiring an additional 3,554 shares during the last quarter. Hedge funds and other institutional investors own 97.01% of the company's stock.
About The Hain Celestial Group
(
Get Free Report)
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.
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