Barclays Cuts The Hain Celestial Group (NASDAQ:HAIN) Price Target to $5.00

The Hain Celestial Group (NASDAQ:HAIN) had its price objective cut by Barclays from $6.00 to $5.00 in a report released on Tuesday morning,Benzinga reports. They currently have an equal weight rating on the stock.

HAIN has been the topic of a number of other reports. Piper Sandler reduced 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 report on Thursday, January 16th. Mizuho reduced their target price on shares of The Hain Celestial Group from $7.00 to $4.50 and set a “neutral” rating on the stock in a research report on Tuesday. JPMorgan Chase & Co. cut their price objective on shares of The Hain Celestial Group from $8.00 to $6.00 and set a “neutral” rating on the stock in a research report on Monday, February 3rd. Stifel Nicolaus cut their price objective on shares of The Hain Celestial Group from $9.00 to $7.00 and set a “hold” rating on the stock in a research report on Friday, January 24th. Finally, DA Davidson cut their price objective on shares of The Hain Celestial Group from $9.00 to $8.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 12th. Seven research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $6.56.

The Hain Celestial Group Stock Up 1.8 %

Shares of The Hain Celestial Group stock opened at $4.44 on Tuesday. The company’s fifty day simple moving average is $5.85 and its two-hundred day simple moving average is $7.22. The company has a market cap of $400.44 million, a P/E ratio of -4.72 and a beta of 0.74. The company has a current ratio of 2.01, a quick ratio of 1.05 and a debt-to-equity ratio of 0.76. The Hain Celestial Group has a 12-month low of $3.28 and a 12-month high of $10.07.

The Hain Celestial Group (NASDAQ:HAIN) last released its earnings results on Monday, February 10th. The company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.04). The Hain Celestial Group had a positive return on equity of 3.13% and a negative net margin of 4.94%. Research analysts anticipate that The Hain Celestial Group will post 0.43 EPS for the current year.

Hedge Funds Weigh In On The Hain Celestial Group

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. CANADA LIFE ASSURANCE Co lifted its stake in The Hain Celestial Group by 9.0% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 87,558 shares of the company’s stock valued at $538,000 after acquiring an additional 7,211 shares during the period. Gabelli Funds LLC lifted its stake in The Hain Celestial Group by 8.7% during the 4th quarter. Gabelli Funds LLC now owns 138,000 shares of the company’s stock valued at $849,000 after acquiring an additional 11,000 shares during the period. Guggenheim Capital LLC bought a new position in The Hain Celestial Group during the 4th quarter valued at about $136,000. Barclays PLC lifted its stake in The Hain Celestial Group by 7.1% during the 4th quarter. Barclays PLC now owns 195,494 shares of the company’s stock valued at $1,203,000 after acquiring an additional 12,885 shares during the period. Finally, Invesco Ltd. lifted its stake in The Hain Celestial Group by 272.4% during the 4th quarter. Invesco Ltd. now owns 5,870,075 shares of the company’s stock valued at $36,101,000 after acquiring an additional 4,293,945 shares during the period. 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.