The Hain Celestial Group (NASDAQ:HAIN) Price Target Cut to $10.00 by Analysts at Maxim Group

The Hain Celestial Group (NASDAQ:HAIN) had its price objective lowered by research analysts at Maxim Group from $15.00 to $10.00 in a research report issued on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the stock. Maxim Group’s price objective suggests a potential upside of 129.36% from the stock’s previous close.

A number of other research analysts have also recently issued reports on HAIN. Piper Sandler reduced their target price on The Hain Celestial Group from $8.00 to $7.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. Stifel Nicolaus cut their price objective on shares of The Hain Celestial Group from $7.00 to $6.00 and set a “hold” rating on the stock in a report on Tuesday. Mizuho lowered their price target on The Hain Celestial Group from $7.00 to $4.50 and set a “neutral” rating for the company in a research note on Tuesday. JPMorgan Chase & Co. dropped their price objective on The Hain Celestial Group from $8.00 to $6.00 and set a “neutral” rating on the stock in a research note on Monday, February 3rd. Finally, DA Davidson dropped their target price 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. Seven equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat, The Hain Celestial Group currently has an average rating of “Hold” and an average target price of $6.56.

The Hain Celestial Group Price Performance

Shares of The Hain Celestial Group stock opened at $4.36 on Tuesday. The firm has a market cap of $393.23 million, a P/E ratio of -4.64 and a beta of 0.74. The firm’s 50-day simple moving average is $5.85 and its 200-day simple moving average is $7.22. The Hain Celestial Group has a twelve month low of $3.28 and a twelve month high of $10.07. 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 Hain Celestial Group (NASDAQ:HAIN) last announced its quarterly earnings results on Monday, February 10th. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.04). The Hain Celestial Group had a negative net margin of 4.94% and a positive return on equity of 3.13%. As a group, research analysts expect that The Hain Celestial Group will post 0.43 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Wealthfront Advisers LLC acquired a new stake in The Hain Celestial Group in the 4th quarter valued at about $370,371,000. Barrow Hanley Mewhinney & Strauss LLC increased its stake in The Hain Celestial Group by 9.8% during the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 6,223,817 shares of the company’s stock worth $38,276,000 after acquiring an additional 555,195 shares during the period. State Street Corp raised its stake in The Hain Celestial Group by 0.4% in the third quarter. State Street Corp now owns 3,464,855 shares of the company’s stock valued at $29,902,000 after purchasing an additional 15,494 shares in the last quarter. Wellington Management Group LLP acquired a new position in shares of The Hain Celestial Group in the 4th quarter valued at approximately $14,322,000. Finally, Geode Capital Management LLC lifted its stake in The Hain Celestial Group by 0.7% during the fourth quarter. Geode Capital Management LLC now owns 2,243,999 shares of the company’s stock worth $13,803,000 after purchasing an additional 14,818 shares during the last quarter. 97.01% of the stock is owned by institutional investors and hedge funds.

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.