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

The Hain Celestial Group (NASDAQ:HAIN) had its price objective cut by Barclays from $5.00 to $4.00 in a research report sent to investors on Monday,Benzinga reports. They currently have an equal weight rating on the stock.

A number of other research analysts have also recently commented on HAIN. Maxim Group reduced their target price on The Hain Celestial Group from $15.00 to $10.00 and set a “buy” rating on the stock in a research note on Tuesday, February 11th. Mizuho decreased their price objective on The Hain Celestial Group from $7.00 to $4.50 and set a “neutral” rating on the stock in a report on Tuesday, February 11th. Stifel Nicolaus cut their target price on The Hain Celestial Group from $7.00 to $6.00 and set a “hold” rating for the company in a research note on Tuesday, February 11th. Piper Sandler decreased their price target on shares of The Hain Celestial Group from $8.00 to $7.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Finally, Evercore ISI cut their price objective on shares of The Hain Celestial Group from $9.00 to $6.00 and set an “in-line” rating for the company in a research note on Wednesday, February 12th. Seven investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, The Hain Celestial Group currently has a consensus rating of “Hold” and a consensus target price of $6.31.

The Hain Celestial Group Stock Performance

Shares of HAIN opened at $2.69 on Monday. The Hain Celestial Group has a 12-month low of $2.68 and a 12-month high of $9.43. The company has a current ratio of 1.90, a quick ratio of 1.00 and a debt-to-equity ratio of 0.90. The company has a market cap of $242.76 million, a PE ratio of -1.39 and a beta of 0.93. The stock has a 50-day moving average price of $3.87 and a 200-day moving average price of $6.02.

The Hain Celestial Group (NASDAQ:HAIN) last announced its earnings results 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 10.51% and a positive return on equity of 2.88%. As a group, equities analysts forecast that The Hain Celestial Group will post 0.4 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. FMR LLC increased its position in shares of The Hain Celestial Group by 14.9% in the third quarter. FMR LLC now owns 17,580 shares of the company’s stock valued at $152,000 after acquiring an additional 2,280 shares during the period. Quantinno Capital Management LP purchased a new position in The Hain Celestial Group during the 3rd quarter valued at about $108,000. State Street Corp raised its position in The Hain Celestial Group by 0.4% during the 3rd 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 during the last quarter. Jane Street Group LLC raised its holdings in shares of The Hain Celestial Group by 72.6% during the third quarter. Jane Street Group LLC now owns 174,450 shares of the company’s stock valued at $1,506,000 after acquiring an additional 73,352 shares in the last quarter. Finally, EP Wealth Advisors LLC purchased a new position in The Hain Celestial Group during the 3rd quarter valued at $94,000. 97.01% of the stock is owned by hedge funds and other institutional investors.

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.