The Hain Celestial Group (NASDAQ:HAIN) Given New $7.00 Price Target at Stifel Nicolaus

The Hain Celestial Group (NASDAQ:HAIN) had its price target lowered by analysts at Stifel Nicolaus from $9.00 to $7.00 in a report released on Friday,Benzinga reports. The brokerage currently has a “hold” rating on the stock. Stifel Nicolaus’ price target suggests a potential upside of 31.58% from the company’s previous close.

Other equities research analysts have also issued reports about the company. Barclays decreased their target price on The Hain Celestial Group from $8.00 to $6.00 and set an “equal weight” rating for the company in a research report on Friday, January 17th. DA Davidson decreased their price objective on shares of The Hain Celestial Group from $9.00 to $8.00 and set a “neutral” rating for the company in a report on Tuesday, November 12th. Finally, Piper Sandler dropped 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 note on Thursday, January 16th. Six research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $8.71.

The Hain Celestial Group Stock Up 5.8 %

The Hain Celestial Group stock opened at $5.32 on Friday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.05 and a current ratio of 2.01. The stock has a market cap of $479.83 million, a PE ratio of -5.66 and a beta of 0.76. The Hain Celestial Group has a fifty-two week low of $4.47 and a fifty-two week high of $11.68. The firm’s 50-day simple moving average is $6.72 and its 200 day simple moving average is $7.46.

The Hain Celestial Group (NASDAQ:HAIN) last released its earnings results on Thursday, November 7th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.02). The business had revenue of $394.60 million during the quarter, compared to the consensus estimate of $394.24 million. The Hain Celestial Group had a negative net margin of 4.94% and a positive return on equity of 3.13%. The business’s revenue was down 7.2% on a year-over-year basis. During the same period in the prior year, the company earned ($0.04) earnings per share. Research analysts predict that The Hain Celestial Group will post 0.43 EPS for the current fiscal year.

Institutional Investors Weigh In On The Hain Celestial Group

Institutional investors have recently added to or reduced their stakes in the business. Union Bancaire Privee UBP SA bought a new stake in shares of The Hain Celestial Group in the fourth quarter valued at approximately $97,000. Inspire Investing LLC grew its stake in The Hain Celestial Group by 38.1% in the 4th quarter. Inspire Investing LLC now owns 65,271 shares of the company’s stock valued at $401,000 after buying an additional 18,019 shares in the last quarter. First Hawaiian Bank raised its holdings in The Hain Celestial Group by 15.0% during the 4th quarter. First Hawaiian Bank now owns 65,504 shares of the company’s stock valued at $403,000 after acquiring an additional 8,546 shares during the period. Central Pacific Bank Trust Division lifted its position in shares of The Hain Celestial Group by 14.9% during the fourth quarter. Central Pacific Bank Trust Division now owns 42,512 shares of the company’s stock worth $261,000 after acquiring an additional 5,517 shares in the last quarter. Finally, GAMMA Investing LLC boosted its holdings in shares of The Hain Celestial Group by 20.7% in the fourth quarter. GAMMA Investing LLC now owns 30,650 shares of the company’s stock worth $188,000 after acquiring an additional 5,250 shares during the period. 97.01% of the stock is owned by hedge funds and other institutional investors.

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.