Piper Sandler Has Lowered Expectations for The Hain Celestial Group (NASDAQ:HAIN) Stock Price

The Hain Celestial Group (NASDAQ:HAIN - Free Report) had its target price trimmed by Piper Sandler from $8.00 to $7.00 in a report released on Thursday morning,Benzinga reports. The firm currently has a neutral rating on the stock.

Other research analysts also recently issued reports about the stock. Barclays decreased their target price on shares of The Hain Celestial Group from $9.00 to $8.00 and set an "equal weight" rating for the company in a research report on Monday, November 11th. DA Davidson lowered their target price on The Hain Celestial Group from $9.00 to $8.00 and set a "neutral" rating on the stock in a research note on Tuesday, November 12th. Six investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, The Hain Celestial Group has an average rating of "Hold" and a consensus price target of $9.00.

The Hain Celestial Group Stock Performance

Shares of NASDAQ HAIN traded down $0.02 during mid-day trading on Thursday, hitting $4.69. The stock had a trading volume of 1,678,477 shares, compared to its average volume of 1,754,007. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.05 and a current ratio of 2.01. The company has a 50 day moving average of $6.97 and a two-hundred day moving average of $7.54. The firm has a market cap of $422.99 million, a PE ratio of -4.99 and a beta of 0.76. The Hain Celestial Group has a twelve month low of $4.47 and a twelve month high of $11.68.

The Hain Celestial Group (NASDAQ:HAIN - Get Free Report) last issued its 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 negative net margin of 4.94% and a positive return on equity of 3.13%. The firm had revenue of $394.60 million during the quarter, compared to analysts' expectations of $394.24 million. During the same quarter in the prior year, the company earned ($0.04) EPS. The Hain Celestial Group's quarterly revenue was down 7.2% on a year-over-year basis. Research analysts predict that The Hain Celestial Group will post 0.43 EPS for the current fiscal year.

Institutional Investors Weigh In On The Hain Celestial Group

A number of institutional investors have recently modified their holdings of the business. Millennium Management LLC raised its holdings in The Hain Celestial Group by 171.3% in the 2nd quarter. Millennium Management LLC now owns 2,634,718 shares of the company's stock worth $18,206,000 after purchasing an additional 1,663,542 shares during the period. Federated Hermes Inc. raised its stake in shares of The Hain Celestial Group by 224.9% during the 2nd quarter. Federated Hermes Inc. now owns 860,471 shares of the company's stock worth $5,946,000 after buying an additional 595,649 shares during the period. AQR Capital Management LLC purchased a new position in shares of The Hain Celestial Group during the 2nd quarter valued at approximately $3,942,000. Hotchkis & Wiley Capital Management LLC grew its stake in The Hain Celestial Group by 54.9% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 1,224,590 shares of the company's stock valued at $10,568,000 after acquiring an additional 434,070 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. grew its stake in The Hain Celestial Group by 257.0% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 496,842 shares of the company's stock valued at $4,288,000 after acquiring an additional 357,669 shares during the period. 97.01% of the stock is currently 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.