Barclays Cuts The Hain Celestial Group (NASDAQ:HAIN) Price Target to $1.50

The Hain Celestial Group (NASDAQ:HAIN) had its price objective decreased by Barclays from $2.00 to $1.50 in a report released on Wednesday,Benzinga reports. Barclays currently has an equal weight rating on the stock.

Several other research firms have also weighed in on HAIN. Zacks Research raised The Hain Celestial Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 19th. Piper Sandler dropped their target price on The Hain Celestial Group from $2.00 to $1.80 and set a “neutral” rating for the company in a research report on Tuesday, June 3rd. Mizuho dropped their target price on The Hain Celestial Group from $2.50 to $1.50 and set a “neutral” rating for the company in a research report on Tuesday. Finally, Stephens downgraded The Hain Celestial Group from an “overweight” rating to an “equal weight” rating and dropped their target price for the company from $3.00 to $2.00 in a research report on Wednesday. One equities research analyst has rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $3.28.

The Hain Celestial Group Stock Performance

NASDAQ:HAIN opened at $1.53 on Wednesday. The stock’s 50-day simple moving average is $1.73 and its 200 day simple moving average is $2.32. The firm has a market capitalization of $138.14 million, a PE ratio of -0.26 and a beta of 0.79. The company has a quick ratio of 0.99, a current ratio of 1.91 and a debt-to-equity ratio of 1.47. The Hain Celestial Group has a twelve month low of $1.30 and a twelve month high of $9.43.

The Hain Celestial Group (NASDAQ:HAIN) last released its quarterly earnings data on Monday, September 15th. The company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.06). The business had revenue of $363.35 million during the quarter, compared to analyst estimates of $371.58 million. The Hain Celestial Group had a negative net margin of 34.03% and a positive return on equity of 1.10%. The business’s quarterly revenue was down 13.4% compared to the same quarter last year. During the same period last year, the business earned $0.13 earnings per share. On average, analysts anticipate 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 have recently added to or reduced their stakes in HAIN. Northern Trust Corp boosted its position in shares of The Hain Celestial Group by 8.7% during the fourth quarter. Northern Trust Corp now owns 972,548 shares of the company’s stock valued at $5,981,000 after buying an additional 77,919 shares during the last quarter. Deutsche Bank AG lifted its holdings in The Hain Celestial Group by 54.4% during the fourth quarter. Deutsche Bank AG now owns 84,044 shares of the company’s stock worth $517,000 after acquiring an additional 29,605 shares during the period. Quantinno Capital Management LP lifted its holdings in The Hain Celestial Group by 51.1% during the fourth quarter. Quantinno Capital Management LP now owns 18,949 shares of the company’s stock worth $117,000 after acquiring an additional 6,407 shares during the period. ProShare Advisors LLC lifted its holdings in The Hain Celestial Group by 44.5% during the fourth quarter. ProShare Advisors LLC now owns 27,039 shares of the company’s stock worth $166,000 after acquiring an additional 8,322 shares during the period. Finally, Two Sigma Investments LP lifted its holdings in The Hain Celestial Group by 3.7% during the fourth quarter. Two Sigma Investments LP now owns 992,063 shares of the company’s stock worth $6,101,000 after acquiring an additional 35,023 shares during the period. 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.