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

The Hain Celestial Group (NASDAQ:HAIN) had its price target decreased by research analysts at Stifel Nicolaus from $7.00 to $6.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm currently has a “hold” rating on the stock. Stifel Nicolaus’ price objective would suggest a potential upside of 37.61% from the company’s current price.

Several other equities research analysts have also issued reports on the company. JPMorgan Chase & Co. reduced their price target on 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. Mizuho reduced their target price on shares of The Hain Celestial Group from $7.00 to $4.50 and set a “neutral” rating for the company in a research note on Tuesday. DA Davidson dropped 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 research note on Tuesday, November 12th. Barclays cut their price target on shares of The Hain Celestial Group from $6.00 to $5.00 and set an “equal weight” rating on the stock in a report on Tuesday. Finally, Piper Sandler decreased their price objective 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. Seven analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $6.56.

The Hain Celestial Group Stock Performance

Shares of HAIN opened at $4.36 on Tuesday. The company has a market capitalization of $393.23 million, a PE ratio of -4.64 and a beta of 0.74. 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 company’s 50 day moving average price is $5.85 and its 200 day moving average price is $7.22. 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 posted its quarterly earnings results on Monday, February 10th. The company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.04). The Hain Celestial Group had a positive return on equity of 3.13% and a negative net margin of 4.94%. Research analysts expect that The Hain Celestial Group will post 0.43 EPS for the current fiscal year.

Institutional Investors Weigh In On The Hain Celestial Group

Hedge funds and other institutional investors have recently made changes to their positions in the business. SG Americas Securities LLC acquired a new position in shares of The Hain Celestial Group during the 3rd quarter worth about $260,000. CWM LLC increased its position in The Hain Celestial Group by 14.5% in the 3rd quarter. CWM LLC now owns 10,098 shares of the company’s stock worth $87,000 after buying an additional 1,276 shares during the period. Creative Planning lifted its holdings in shares of The Hain Celestial Group by 3.6% during the third quarter. Creative Planning now owns 36,298 shares of the company’s stock worth $313,000 after buying an additional 1,272 shares during the last quarter. Swedbank AB bought a new stake in shares of The Hain Celestial Group in the third quarter valued at approximately $216,000. Finally, Assenagon Asset Management S.A. grew its stake in shares of The Hain Celestial Group by 2.1% in the third quarter. Assenagon Asset Management S.A. now owns 637,563 shares of the company’s stock worth $5,502,000 after acquiring an additional 13,376 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.