The Hain Celestial Group (NASDAQ:HAIN) Cut to Market Perform at Sanford C. Bernstein

Sanford C. Bernstein lowered shares of The Hain Celestial Group (NASDAQ:HAIN) from an outperform rating to a market perform rating in a report published on Thursday morning, MarketBeat.com reports. The brokerage currently has $1.50 price target on the stock.

Other equities analysts have also issued research reports about the stock. Stifel Nicolaus decreased their price target on shares of The Hain Celestial Group from $6.00 to $4.00 and set a “hold” rating on the stock in a report on Thursday, April 24th. Barclays reduced their price objective on The Hain Celestial Group from $5.00 to $4.00 and set an “equal weight” rating on the stock in a research note on Monday, April 14th. Evercore ISI dropped their target price on shares of The Hain Celestial Group from $6.00 to $5.00 and set an “in-line” rating for the company in a research report on Wednesday, April 23rd. Piper Sandler reduced their price target 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. Finally, JPMorgan Chase & Co. dropped their price objective on shares of The Hain Celestial Group from $6.00 to $5.00 and set a “neutral” rating for the company in a research report on Friday, March 14th. Nine research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $4.61.

The Hain Celestial Group Stock Performance

The Hain Celestial Group stock opened at $1.59 on Thursday. The stock has a fifty day moving average price of $3.43 and a 200 day moving average price of $5.30. The Hain Celestial Group has a 52 week low of $1.30 and a 52 week high of $9.43. The firm has a market capitalization of $143.04 million, a P/E 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 posted 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 company had revenue of $390.35 million for the quarter, compared to analyst estimates of $414.45 million. During the same period in the prior year, the company earned $0.13 EPS. The company’s revenue was down 10.9% compared to the same quarter last year. Equities research analysts anticipate that The Hain Celestial Group will post 0.4 earnings per share for the current year.

Hedge Funds Weigh In On The Hain Celestial Group

A number of institutional investors have recently added to or reduced their stakes in the company. Signaturefd LLC increased its position in shares of The Hain Celestial Group by 174.5% during the first quarter. Signaturefd LLC now owns 6,858 shares of the company’s stock worth $28,000 after acquiring an additional 4,360 shares during the last quarter. Wedmont Private Capital bought a new stake in The Hain Celestial Group in the first quarter valued at about $52,000. Byrne Asset Management LLC raised its stake in The Hain Celestial Group by 240.0% during the first quarter. Byrne Asset Management LLC now owns 13,599 shares of the company’s stock valued at $56,000 after buying an additional 9,599 shares in the last quarter. CWM LLC lifted its holdings in The Hain Celestial Group by 106.8% during the 1st quarter. CWM LLC now owns 15,493 shares of the company’s stock worth $64,000 after buying an additional 8,000 shares during the last quarter. Finally, Van ECK Associates Corp grew its position in shares of The Hain Celestial Group by 49.0% in the 4th quarter. Van ECK Associates Corp now owns 10,805 shares of the company’s stock worth $66,000 after acquiring an additional 3,554 shares in the last quarter. Institutional investors and hedge funds own 97.01% of the company’s stock.

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.