The Hain Celestial Group (NASDAQ:HAIN) Given New $6.00 Price Target at JPMorgan Chase & Co.

The Hain Celestial Group (NASDAQ:HAIN) had its price target reduced by JPMorgan Chase & Co. from $8.00 to $6.00 in a research report sent to investors on Monday,Benzinga reports. They currently have a neutral rating on the stock.

HAIN has been the subject of a number of other reports. Piper Sandler decreased their price target on The Hain Celestial Group from $8.00 to $7.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. 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 cut their price target on shares of The Hain Celestial Group from $9.00 to $8.00 and set a “neutral” rating on the stock in a report on Tuesday, November 12th. Finally, Stifel Nicolaus decreased their price objective on shares of The Hain Celestial Group from $9.00 to $7.00 and set a “hold” rating for the company in a report on Friday, January 24th. Six investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, The Hain Celestial Group presently has an average rating of “Hold” and an average target price of $8.14.

The Hain Celestial Group Price Performance

Shares of NASDAQ:HAIN opened at $4.80 on Monday. 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 stock has a market cap of $432.91 million, a PE ratio of -5.11 and a beta of 0.74. The stock’s fifty day simple moving average is $6.39 and its two-hundred day simple moving average is $7.36. The Hain Celestial Group has a 1-year low of $4.47 and a 1-year high of $11.68.

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

Hedge Funds Weigh In On The Hain Celestial Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HAIN. Allworth Financial LP lifted its stake in shares of The Hain Celestial Group by 433.5% during the 3rd quarter. Allworth Financial LP now owns 2,982 shares of the company’s stock valued at $26,000 after buying an additional 2,423 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. boosted its holdings in shares of The Hain Celestial Group by 225.5% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 4,954 shares of the company’s stock worth $43,000 after acquiring an additional 3,432 shares during the period. Van ECK Associates Corp grew its position in shares of The Hain Celestial Group by 49.0% in the fourth quarter. Van ECK Associates Corp now owns 10,805 shares of the company’s stock valued at $66,000 after purchasing an additional 3,554 shares in the last quarter. Grace & White Inc. NY bought a new stake in shares of The Hain Celestial Group during the 4th quarter valued at $86,000. Finally, CWM LLC raised its stake in shares of The Hain Celestial Group by 14.5% during the 3rd 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 period. Institutional investors own 97.01% of the company’s stock.

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.