Stifel Nicolaus Lowers The Hain Celestial Group (NASDAQ:HAIN) Price Target to $1.50

The Hain Celestial Group (NASDAQ:HAIN) had its price target cut by analysts at Stifel Nicolaus from $4.00 to $1.50 in a report issued on Thursday,Benzinga reports. The brokerage presently has a “hold” rating on the stock. Stifel Nicolaus’ target price suggests a potential downside of 5.36% from the stock’s previous close.

Other equities research analysts have also issued research reports about the stock. Sanford C. Bernstein lowered shares of The Hain Celestial Group from an “outperform” rating to a “market perform” rating and set a $1.50 target price on the stock. in a report on Thursday. Mizuho cut their target price on 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 cut their price objective on shares of The Hain Celestial Group from $8.00 to $7.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. Maxim Group lowered their target price on shares of The Hain Celestial Group from $15.00 to $10.00 and set a “buy” rating for the company in a report on Tuesday, February 11th. Finally, Barclays cut their price target on shares of The Hain Celestial Group from $5.00 to $4.00 and set an “equal weight” rating on the stock in a report on Monday, April 14th. Nine equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, The Hain Celestial Group presently has a consensus rating of “Hold” and a consensus price target of $4.61.

The Hain Celestial Group Trading Up 2.9 %

NASDAQ:HAIN opened at $1.59 on Thursday. The firm has a fifty day simple moving average of $3.43 and a two-hundred day simple moving average of $5.32. The Hain Celestial Group has a 12 month low of $1.30 and a 12 month high of $9.43. The stock has a market capitalization of $143.04 million, a price-to-earnings ratio of -0.82 and a beta of 1.05. The company has a current ratio of 1.90, a quick ratio of 1.00 and a debt-to-equity ratio of 0.90.

The Hain Celestial Group (NASDAQ:HAIN) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.05). The Hain Celestial Group had a negative net margin of 10.51% and a positive return on equity of 2.88%. The firm had revenue of $390.35 million during the quarter, compared to analyst estimates of $414.45 million. During the same period last year, the business posted $0.13 EPS. The company’s revenue was down 10.9% on a year-over-year basis. Analysts expect that The Hain Celestial Group will post 0.4 EPS for the current fiscal year.

Institutional Investors Weigh In On The Hain Celestial Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Wealthfront Advisers LLC bought a new stake in shares of The Hain Celestial Group in the fourth quarter valued at approximately $370,371,000. Invesco Ltd. boosted its holdings in shares of The Hain Celestial Group by 272.4% in the fourth quarter. Invesco Ltd. now owns 5,870,075 shares of the company’s stock worth $36,101,000 after acquiring an additional 4,293,945 shares during the period. Wellington Management Group LLP purchased a new position in shares of The Hain Celestial Group in the fourth quarter valued at $14,322,000. Frontier Capital Management Co. LLC raised its stake in shares of The Hain Celestial Group by 512.0% during the 4th quarter. Frontier Capital Management Co. LLC now owns 2,520,722 shares of the company’s stock valued at $15,502,000 after purchasing an additional 2,108,845 shares during the period. Finally, Raiffeisen Bank International AG purchased a new stake in The Hain Celestial Group during the 4th quarter worth about $12,619,000. 97.01% of the stock is currently owned by institutional investors.

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.