DA Davidson Has Lowered Expectations for The Hain Celestial Group (NASDAQ:HAIN) Stock Price

The Hain Celestial Group (NASDAQ:HAIN) had its price objective lowered by DA Davidson from $9.00 to $8.00 in a research report sent to investors on Tuesday,Benzinga reports. The brokerage currently has a neutral rating on the stock.

A number of other research firms also recently commented on HAIN. Stifel Nicolaus increased their price objective on shares of The Hain Celestial Group from $8.00 to $9.00 and gave the stock a “hold” rating in a research note on Wednesday, August 28th. Barclays reduced their price target on The Hain Celestial Group from $9.00 to $8.00 and set an “equal weight” rating for the company in a research report on Monday. Finally, Piper Sandler reaffirmed a “neutral” rating and set a $8.00 price target on shares of The Hain Celestial Group in a research report on Thursday, September 19th. Six analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $9.43.

The Hain Celestial Group Trading Down 7.9 %

The Hain Celestial Group stock opened at $6.68 on Tuesday. The company has a 50 day moving average of $8.36 and a 200-day moving average of $7.59. 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 twelve month low of $5.68 and a twelve month high of $11.97.

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 analysts’ consensus estimates of ($0.02) by ($0.02). The Hain Celestial Group had a positive return on equity of 3.13% and a negative net margin of 4.94%. The firm had revenue of $394.60 million for the quarter, compared to the consensus estimate of $394.24 million. During the same quarter last year, the company posted ($0.04) EPS. The Hain Celestial Group’s revenue for the quarter was down 7.2% on a year-over-year basis. Equities analysts predict that The Hain Celestial Group will post 0.46 EPS for the current year.

Insider Activity

In other The Hain Celestial Group news, insider Chad D. Marquardt bought 5,300 shares of the firm’s stock in a transaction that occurred on Wednesday, September 4th. The shares were acquired at an average cost of $8.32 per share, with a total value of $44,096.00. Following the acquisition, the insider now owns 15,300 shares of the company’s stock, valued at $127,296. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.83% of the company’s stock.

Hedge Funds Weigh In On The Hain Celestial Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HAIN. Creative Planning boosted its holdings in shares of The Hain Celestial Group by 3.6% during the 3rd quarter. Creative Planning now owns 36,298 shares of the company’s stock worth $313,000 after buying an additional 1,272 shares during the period. CWM LLC grew its position in shares of The Hain Celestial Group by 14.5% in the third quarter. CWM LLC now owns 10,098 shares of the company’s stock valued at $87,000 after purchasing an additional 1,276 shares during the last quarter. Illinois Municipal Retirement Fund increased its stake in shares of The Hain Celestial Group by 3.3% during the first quarter. Illinois Municipal Retirement Fund now owns 54,172 shares of the company’s stock worth $426,000 after purchasing an additional 1,710 shares during the period. US Bancorp DE lifted its holdings in The Hain Celestial Group by 10.3% during the 3rd quarter. US Bancorp DE now owns 19,518 shares of the company’s stock worth $168,000 after purchasing an additional 1,815 shares during the last quarter. Finally, Signaturefd LLC grew its holdings in The Hain Celestial Group by 125.9% in the 2nd quarter. Signaturefd LLC now owns 3,994 shares of the company’s stock valued at $28,000 after buying an additional 2,226 shares in the last quarter. 97.01% of the stock is owned by institutional investors.

The Hain Celestial Group Company Profile

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.