The Hain Celestial Group (NASDAQ:HAIN) Price Target Cut to $6.00 by Analysts at Evercore ISI

The Hain Celestial Group (NASDAQ:HAIN) had its target price reduced by Evercore ISI from $9.00 to $6.00 in a research note published on Wednesday,Benzinga reports. Evercore ISI currently has an in-line rating on the stock.

A number of other research analysts have also weighed in on the company. Stifel Nicolaus decreased their price objective on The Hain Celestial Group from $7.00 to $6.00 and set a “hold” rating on the stock in a report on Tuesday. 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 research report on Thursday, January 16th. 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 report on Tuesday. Barclays dropped their price objective on shares of The Hain Celestial Group from $6.00 to $5.00 and set an “equal weight” rating for the company in a research note on Tuesday. Finally, JPMorgan Chase & Co. decreased their target price 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. Seven analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $6.56.

The Hain Celestial Group Price Performance

NASDAQ:HAIN opened at $4.36 on Wednesday. The Hain Celestial Group has a 12-month low of $3.28 and a 12-month high of $10.07. The firm has a market cap of $393.23 million, a price-to-earnings ratio of -4.64 and a beta of 0.74. The company’s 50-day moving average is $5.85 and its two-hundred day moving average is $7.22. 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 (NASDAQ:HAIN) last announced its quarterly earnings data on Monday, February 10th. The company reported $0.08 earnings per share (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%. Research analysts expect that The Hain Celestial Group will post 0.43 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in HAIN. Allworth Financial LP grew its holdings in 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 purchasing an additional 2,423 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. lifted its stake 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 in the last quarter. Van ECK Associates Corp boosted its holdings in 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 during the last quarter. Virtu Financial LLC purchased a new stake in The Hain Celestial Group during the 4th quarter worth approximately $73,000. Finally, Grace & White Inc. NY acquired a new position in shares of The Hain Celestial Group in the 4th quarter valued at approximately $86,000. 97.01% of the stock is owned by institutional investors and hedge funds.

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.