The Hain Celestial Group (NASDAQ:HAIN) Price Target Cut to $5.00 by Analysts at JPMorgan Chase & Co.

The Hain Celestial Group (NASDAQ:HAIN) had its price objective cut by JPMorgan Chase & Co. from $6.00 to $5.00 in a report issued on Friday morning,Benzinga reports. They currently have a neutral rating on the stock.

Other research analysts have also issued reports about the stock. Mizuho lowered their target price on shares of The Hain Celestial Group from $7.00 to $4.50 and set a “neutral” rating on the stock in a research report on Tuesday, February 11th. Piper Sandler lowered their target price on shares of 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. Barclays lowered their target price on shares of The Hain Celestial Group from $6.00 to $5.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 11th. Stifel Nicolaus lowered their target price on shares of The Hain Celestial Group from $7.00 to $6.00 and set a “hold” rating on the stock in a research report on Tuesday, February 11th. Finally, Evercore ISI lowered their target price on shares of The Hain Celestial Group from $9.00 to $6.00 and set an “in-line” rating on the stock in a research report on Wednesday, February 12th. Seven equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $6.44.

The Hain Celestial Group Trading Down 12.0 %

Shares of The Hain Celestial Group stock opened at $3.82 on Friday. The Hain Celestial Group has a 52-week low of $3.28 and a 52-week high of $9.43. The company has a quick ratio of 1.00, a current ratio of 1.90 and a debt-to-equity ratio of 0.90. The company’s 50-day simple moving average is $4.58 and its 200-day simple moving average is $6.79. The firm has a market cap of $344.74 million, a price-to-earnings ratio of -1.97 and a beta of 0.83.

The Hain Celestial Group (NASDAQ:HAIN) last issued its quarterly earnings results on Monday, February 10th. The company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 anticipate that The Hain Celestial Group will post 0.4 earnings per share for the current year.

Institutional Investors Weigh In On The Hain Celestial Group

A number of institutional investors and hedge funds have recently bought and sold shares of HAIN. US Bancorp DE lifted its stake in The Hain Celestial Group by 10.3% in the 3rd quarter. US Bancorp DE now owns 19,518 shares of the company’s stock valued at $168,000 after buying an additional 1,815 shares in the last quarter. Los Angeles Capital Management LLC purchased a new position in shares of The Hain Celestial Group during the 3rd quarter worth $357,000. Entropy Technologies LP lifted its stake in shares of The Hain Celestial Group by 19.1% during the 3rd quarter. Entropy Technologies LP now owns 18,708 shares of the company’s stock worth $161,000 after purchasing an additional 3,000 shares during the period. Aigen Investment Management LP purchased a new position in shares of The Hain Celestial Group during the 3rd quarter worth $167,000. Finally, Thrivent Financial for Lutherans lifted its stake in shares of The Hain Celestial Group by 8.7% during the 3rd quarter. Thrivent Financial for Lutherans now owns 81,226 shares of the company’s stock worth $701,000 after purchasing an additional 6,470 shares during the period. Hedge funds and other 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.