JPMorgan Chase & Co. Lowers The Hain Celestial Group (NASDAQ:HAIN) Price Target to $5.00

The Hain Celestial Group (NASDAQ:HAIN - Free Report) had its price target trimmed by JPMorgan Chase & Co. from $6.00 to $5.00 in a report issued on Friday,Benzinga reports. The firm currently has a neutral rating on the stock.

HAIN has been the subject of several other research reports. Barclays decreased their target price on The Hain Celestial Group from $6.00 to $5.00 and set an "equal weight" rating for the company in a research report on Tuesday, February 11th. Mizuho dropped 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 note on Tuesday, February 11th. Piper Sandler dropped their price objective on The Hain Celestial Group from $8.00 to $7.00 and set a "neutral" rating on the stock in a research note on Thursday, January 16th. Stifel Nicolaus lowered their price target on The Hain Celestial Group from $7.00 to $6.00 and set a "hold" rating on the stock in a research note on Tuesday, February 11th. Finally, Maxim Group lowered their price objective on The Hain Celestial Group from $15.00 to $10.00 and set a "buy" rating on the stock in a research note on Tuesday, February 11th. Seven equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $6.44.

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The Hain Celestial Group Stock Down 2.5 %

NASDAQ HAIN traded down $0.10 during mid-day trading on Friday, reaching $3.92. 2,239,959 shares of the company's stock traded hands, compared to its average volume of 1,373,784. The Hain Celestial Group has a 1-year low of $3.28 and a 1-year high of $9.43. The company has a fifty day simple moving average of $4.47 and a 200-day simple moving average of $6.70. The company has a current ratio of 1.90, a quick ratio of 1.00 and a debt-to-equity ratio of 0.90. The company has a market cap of $353.77 million, a price-to-earnings ratio of -2.02 and a beta of 0.83.

The Hain Celestial Group (NASDAQ:HAIN - Get Free Report) last announced its quarterly earnings results on Monday, February 10th. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate 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 research analysts expect that The Hain Celestial Group will post 0.4 EPS for the current year.

Hedge Funds Weigh In On The Hain Celestial Group

Hedge funds have recently modified their holdings of the business. Point72 Asia Singapore Pte. Ltd. increased its stake in The Hain Celestial Group by 225.5% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 4,954 shares of the company's stock valued at $43,000 after purchasing an additional 3,432 shares in the last quarter. Van ECK Associates Corp grew its position in The Hain Celestial Group by 49.0% in the 4th quarter. Van ECK Associates Corp now owns 10,805 shares of the company's stock worth $66,000 after purchasing an additional 3,554 shares in the last quarter. Virtu Financial LLC bought a new stake in The Hain Celestial Group in the 4th quarter worth about $73,000. Grace & White Inc. NY bought a new stake in The Hain Celestial Group in the 4th quarter worth about $86,000. Finally, Polymer Capital Management US LLC bought a new stake in The Hain Celestial Group in the 4th quarter worth about $90,000. Institutional investors and hedge funds own 97.01% of the company's stock.

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.