The Hain Celestial Group (NASDAQ:HAIN) Given New $8.00 Price Target at DA Davidson

The Hain Celestial Group (NASDAQ:HAIN) had its price objective decreased by equities researchers at DA Davidson from $9.00 to $8.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm currently has a “neutral” rating on the stock. DA Davidson’s target price would suggest a potential upside of 15.77% from the company’s previous close.

Several other analysts have also recently weighed in on HAIN. Piper Sandler reissued a “neutral” rating and set a $8.00 price objective on shares of The Hain Celestial Group in a report on Thursday, September 19th. Barclays dropped their price target on The Hain Celestial Group from $9.00 to $8.00 and set an “equal weight” rating for the company in a research note on Monday. Finally, Stifel Nicolaus boosted their price target on The Hain Celestial Group from $8.00 to $9.00 and gave the company a “hold” rating in a research note on Wednesday, August 28th. Six equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $9.43.

The Hain Celestial Group Stock Down 4.7 %

Shares of HAIN stock traded down $0.34 on Tuesday, hitting $6.91. The stock had a trading volume of 741,988 shares, compared to its average volume of 1,190,540. The stock’s 50 day moving average is $8.40 and its 200-day moving average is $7.59. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.01 and a current ratio of 2.01. The Hain Celestial Group has a 52-week low of $5.68 and a 52-week high of $11.97. The firm has a market capitalization of $620.86 million, a price-to-earnings ratio of -7.35 and a beta of 0.74.

The Hain Celestial Group (NASDAQ:HAIN) last posted its quarterly earnings data on Thursday, November 7th. The company reported ($0.04) earnings per share for the quarter, missing the consensus estimate 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 3.09%. The business had revenue of $394.60 million for the quarter, compared to the consensus estimate of $394.24 million. During the same quarter last year, the business posted ($0.04) EPS. The business’s revenue for the quarter was down 7.2% on a year-over-year basis. As a group, research analysts expect that The Hain Celestial Group will post 0.48 earnings per share for the current year.

Insider Activity at The Hain Celestial Group

In other news, insider Chad D. Marquardt bought 5,300 shares of the company’s stock in a transaction on Wednesday, September 4th. The shares were acquired at an average cost of $8.32 per share, with a total value of $44,096.00. Following the completion of the transaction, the insider now owns 15,300 shares of the company’s stock, valued at approximately $127,296. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.83% of the stock is owned by insiders.

Institutional Trading of The Hain Celestial Group

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of The Hain Celestial Group by 10.6% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 49,058 shares of the company’s stock valued at $386,000 after purchasing an additional 4,708 shares in the last quarter. BNP Paribas Financial Markets boosted its position in The Hain Celestial Group by 164.6% in the 1st quarter. BNP Paribas Financial Markets now owns 70,526 shares of the company’s stock valued at $554,000 after buying an additional 43,873 shares during the period. Quantbot Technologies LP lifted its holdings in shares of The Hain Celestial Group by 6.2% in the first quarter. Quantbot Technologies LP now owns 52,417 shares of the company’s stock valued at $412,000 after purchasing an additional 3,047 shares in the last quarter. Illinois Municipal Retirement Fund grew its holdings in The Hain Celestial Group by 3.3% during the first quarter. Illinois Municipal Retirement Fund now owns 54,172 shares of the company’s stock worth $426,000 after acquiring an additional 1,710 shares during the period. Finally, Sei Investments Co. lifted its position in The Hain Celestial Group by 17.9% during the first quarter. Sei Investments Co. now owns 54,087 shares of the company’s stock worth $425,000 after buying an additional 8,203 shares in the last quarter. 97.01% of the stock is owned by institutional investors and hedge funds.

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.