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

The Hain Celestial Group (NASDAQ:HAIN) had its price target lowered by Barclays from $6.00 to $5.00 in a research report sent to investors on Tuesday morning,Benzinga reports. The firm currently has an equal weight rating on the stock.

HAIN has been the subject of a number of other research reports. JPMorgan Chase & Co. decreased their price objective on shares of The Hain Celestial Group from $8.00 to $6.00 and set a “neutral” rating for the company in a report on Monday, February 3rd. Stifel Nicolaus reduced their price target 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. Piper Sandler reduced their price target on shares of The Hain Celestial Group from $8.00 to $7.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Mizuho cut their price objective on shares of The Hain Celestial Group from $7.00 to $4.50 and set a “neutral” rating on the stock in a research note on Tuesday. Finally, DA Davidson cut their price objective on shares of The Hain Celestial Group from $9.00 to $8.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 12th. Six investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, The Hain Celestial Group presently has an average rating of “Hold” and an average target price of $6.64.

The Hain Celestial Group Stock Performance

The Hain Celestial Group stock opened at $4.41 on Tuesday. The stock has a market cap of $397.74 million, a P/E ratio of -4.69 and a beta of 0.74. 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 50 day moving average of $5.93 and a 200-day moving average of $7.24. The Hain Celestial Group has a 52 week low of $3.28 and a 52 week high of $10.07.

The Hain Celestial Group (NASDAQ:HAIN) last released its 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%. On average, analysts expect that The Hain Celestial Group will post 0.43 EPS for the current fiscal year.

Hedge Funds Weigh In On The Hain Celestial Group

Institutional investors and hedge funds have recently bought and sold shares of the business. Allworth Financial LP grew its stake in shares of The Hain Celestial Group by 433.5% in 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. grew its holdings in shares of The Hain Celestial Group by 225.5% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 4,954 shares of the company’s stock worth $43,000 after purchasing an additional 3,432 shares during the last quarter. Van ECK Associates Corp lifted its stake in shares of The Hain Celestial Group by 49.0% during the fourth quarter. Van ECK Associates Corp now owns 10,805 shares of the company’s stock valued at $66,000 after acquiring an additional 3,554 shares during the period. Virtu Financial LLC acquired a new position in shares of The Hain Celestial Group during the fourth quarter valued at $73,000. Finally, Grace & White Inc. NY acquired a new position in shares of The Hain Celestial Group during the fourth quarter valued at $86,000. Hedge funds and other institutional investors own 97.01% of the company’s stock.

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.