Barclays Lowers The Hain Celestial Group (NASDAQ:HAIN) Price Target to $5.00

The Hain Celestial Group (NASDAQ:HAIN) had its price target dropped by Barclays from $6.00 to $5.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Barclays‘s target price would suggest a potential upside of 14.68% from the stock’s previous close.

A number of other research firms also recently issued reports on HAIN. Mizuho cut their price target on The Hain Celestial Group from $7.00 to $4.50 and set a “neutral” rating for the company in a research note on Tuesday. DA Davidson cut their target price on shares of The Hain Celestial Group from $9.00 to $8.00 and set a “neutral” rating for the company in a research report on Tuesday, November 12th. Stifel Nicolaus decreased their price target on shares of The Hain Celestial Group from $9.00 to $7.00 and set a “hold” rating on the stock in a research report on Friday, January 24th. JPMorgan Chase & Co. dropped their price target on shares of The Hain Celestial Group from $8.00 to $6.00 and set a “neutral” rating on the stock in a research note on Monday, February 3rd. Finally, Piper Sandler reduced their price objective on The Hain Celestial Group from $8.00 to $7.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Seven investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $6.56.

The Hain Celestial Group Stock Down 1.1 %

HAIN opened at $4.36 on Tuesday. 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 firm has a 50 day moving average price of $5.85 and a 200-day moving average price of $7.22. The stock has a market capitalization of $393.23 million, a price-to-earnings ratio of -4.64 and a beta of 0.74.

The Hain Celestial Group (NASDAQ:HAIN) last announced 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 negative net margin of 4.94% and a positive return on equity of 3.13%. Equities research analysts forecast that The Hain Celestial Group will post 0.43 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Geode Capital Management LLC lifted its position in shares of The Hain Celestial Group by 0.7% in the fourth quarter. Geode Capital Management LLC now owns 2,243,999 shares of the company’s stock valued at $13,803,000 after acquiring an additional 14,818 shares in the last quarter. Franklin Resources Inc. raised its stake in The Hain Celestial Group by 7.1% during the 4th quarter. Franklin Resources Inc. now owns 56,239 shares of the company’s stock valued at $346,000 after purchasing an additional 3,732 shares during the period. Wellington Management Group LLP purchased a new position in The Hain Celestial Group in the 4th quarter worth approximately $14,322,000. Clearbridge Investments LLC boosted its stake in The Hain Celestial Group by 16.8% in the 4th quarter. Clearbridge Investments LLC now owns 1,283,033 shares of the company’s stock worth $7,891,000 after purchasing an additional 184,620 shares during the period. Finally, Barrow Hanley Mewhinney & Strauss LLC grew its holdings in The Hain Celestial Group by 9.8% during the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 6,223,817 shares of the company’s stock valued at $38,276,000 after buying an additional 555,195 shares in the last quarter. Institutional investors 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.