The Hain Celestial Group (NASDAQ:HAIN) Given New $6.00 Price Target at Stifel Nicolaus

The Hain Celestial Group (NASDAQ:HAIN) had its price objective cut by Stifel Nicolaus from $7.00 to $6.00 in a report released on Tuesday,Benzinga reports. They currently have a hold rating on the stock.

A number of other equities research analysts have also commented on HAIN. DA Davidson reduced their price target on The Hain Celestial Group from $9.00 to $8.00 and set a “neutral” rating on the stock in a research report 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 on the stock in a research report on Thursday, January 16th. JPMorgan Chase & Co. reduced their price target on The Hain Celestial Group from $8.00 to $6.00 and set a “neutral” rating on the stock in a research report on Monday, February 3rd. 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. Finally, Barclays dropped their price objective on The Hain Celestial Group from $6.00 to $5.00 and set an “equal weight” rating on the stock in a research note on Tuesday. Six research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, The Hain Celestial Group currently has a consensus rating of “Hold” and an average target price of $6.64.

The Hain Celestial Group Trading Up 5.3 %

Shares of HAIN stock opened at $4.41 on Tuesday. The firm has a market capitalization of $397.74 million, a P/E ratio of -4.69 and a beta of 0.74. The Hain Celestial Group has a twelve month low of $3.28 and a twelve month high of $10.07. The company has a quick ratio of 1.05, a current ratio of 2.01 and a debt-to-equity ratio of 0.76. The stock’s fifty day simple moving average is $5.93 and its 200 day simple moving average is $7.24.

The Hain Celestial Group (NASDAQ:HAIN) last released its quarterly earnings results on Monday, February 10th. The company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.04). The Hain Celestial Group had a negative net margin of 4.94% and a positive return on equity of 3.13%. As a group, sell-side analysts predict that The Hain Celestial Group will post 0.43 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Creative Planning raised its stake in The Hain Celestial Group by 3.6% during the 3rd quarter. Creative Planning now owns 36,298 shares of the company’s stock worth $313,000 after buying an additional 1,272 shares during the period. CWM LLC raised its stake in The Hain Celestial Group by 14.5% during the 3rd quarter. CWM LLC now owns 10,098 shares of the company’s stock worth $87,000 after buying an additional 1,276 shares during the period. US Bancorp DE raised its stake in The Hain Celestial Group by 10.3% during the 3rd quarter. US Bancorp DE now owns 19,518 shares of the company’s stock worth $168,000 after buying an additional 1,815 shares during the period. Illinois Municipal Retirement Fund raised its stake in The Hain Celestial Group by 4.4% during the 4th quarter. Illinois Municipal Retirement Fund now owns 49,113 shares of the company’s stock worth $302,000 after buying an additional 2,091 shares during the period. Finally, FMR LLC raised its stake in 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 buying an additional 2,280 shares during the period. 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.