The Hain Celestial Group (NASDAQ:HAIN) PT Lowered to $8.00

The Hain Celestial Group (NASDAQ:HAIN) had its price target cut by Barclays from $11.00 to $8.00 in a research note published on Friday, Benzinga reports. They currently have an equal weight rating on the stock.

A number of other equities analysts have also recently weighed in on the company. DA Davidson initiated coverage on The Hain Celestial Group in a report on Friday, March 1st. They set a neutral rating and a $10.00 price target for the company. JPMorgan Chase & Co. lowered their price target on The Hain Celestial Group from $11.00 to $10.00 and set a neutral rating for the company in a report on Thursday, February 8th. Maxim Group lowered their target price on The Hain Celestial Group from $25.00 to $18.00 and set a buy rating for the company in a report on Thursday, February 8th. Finally, Mizuho lowered their target price on The Hain Celestial Group from $11.00 to $10.00 and set a neutral rating for the company in a report on Wednesday, April 3rd. Eight research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of Hold and a consensus price target of $13.00.

The Hain Celestial Group Stock Performance

NASDAQ HAIN opened at $6.31 on Friday. The stock has a market cap of $566.83 million, a PE ratio of -3.56 and a beta of 0.68. The company has a current ratio of 2.24, a quick ratio of 1.14 and a debt-to-equity ratio of 0.81. The Hain Celestial Group has a twelve month low of $5.87 and a twelve month high of $18.25. The stock has a fifty day simple moving average of $8.63 and a 200-day simple moving average of $10.04.

The Hain Celestial Group (NASDAQ:HAIN) last released its quarterly earnings results on Wednesday, February 7th. The company reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.01. The business had revenue of $454.10 million during the quarter, compared to analysts’ expectations of $461.31 million. The Hain Celestial Group had a positive return on equity of 2.48% and a negative net margin of 8.88%. The company’s revenue was up .0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.20 EPS. Equities analysts anticipate that The Hain Celestial Group will post 0.29 earnings per share for the current year.

Insider Activity

In related news, CEO Wendy P. Davidson acquired 5,000 shares of the firm’s stock in a transaction dated Tuesday, February 13th. The stock was acquired at an average price of $9.46 per share, for a total transaction of $47,300.00. Following the purchase, the chief executive officer now owns 58,309 shares of the company’s stock, valued at approximately $551,603.14. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.72% of the company’s stock.

Hedge Funds Weigh In On The Hain Celestial Group

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Signaturefd LLC raised its position in shares of The Hain Celestial Group by 265.2% during the 4th quarter. Signaturefd LLC now owns 4,127 shares of the company’s stock worth $45,000 after acquiring an additional 2,997 shares in the last quarter. Cary Street Partners Investment Advisory LLC raised its position in shares of The Hain Celestial Group by 1,647.1% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 4,455 shares of the company’s stock worth $46,000 after acquiring an additional 4,200 shares in the last quarter. Tower Research Capital LLC TRC raised its position in shares of The Hain Celestial Group by 371.9% during the 1st quarter. Tower Research Capital LLC TRC now owns 2,690 shares of the company’s stock worth $46,000 after acquiring an additional 2,120 shares in the last quarter. CWM LLC raised its position in shares of The Hain Celestial Group by 231.8% during the 3rd quarter. CWM LLC now owns 4,556 shares of the company’s stock worth $47,000 after acquiring an additional 3,183 shares in the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its position in shares of The Hain Celestial Group by 30.0% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 3,121 shares of the company’s stock worth $50,000 after acquiring an additional 721 shares in the last quarter. Hedge funds and other institutional investors 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.