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

The Hain Celestial Group (NASDAQ:HAIN) had its target price dropped by analysts at Stifel Nicolaus from $9.00 to $7.00 in a research note issued on Friday,Benzinga reports. The brokerage presently has a “hold” rating on the stock. Stifel Nicolaus’ price objective points to a potential upside of 31.58% from the company’s previous close.

HAIN has been the subject of a number of other reports. Piper Sandler decreased their price objective on 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. Barclays decreased their price target on The Hain Celestial Group from $8.00 to $6.00 and set an “equal weight” rating for the company in a research note on Friday, January 17th. Finally, DA Davidson lowered their price objective on The Hain Celestial Group from $9.00 to $8.00 and set a “neutral” rating for the company in a research report on Tuesday, November 12th. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, The Hain Celestial Group presently has a consensus rating of “Hold” and an average price target of $8.71.

The Hain Celestial Group Price Performance

Shares of HAIN opened at $5.32 on Friday. The company has a quick ratio of 1.05, a current ratio of 2.01 and a debt-to-equity ratio of 0.76. The stock has a market cap of $479.83 million, a PE ratio of -5.66 and a beta of 0.76. The Hain Celestial Group has a 12-month low of $4.47 and a 12-month high of $11.68. The business has a 50-day simple moving average of $6.72 and a two-hundred day simple moving average of $7.46.

The Hain Celestial Group (NASDAQ:HAIN) last posted its earnings results on Thursday, November 7th. The company reported ($0.04) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.02). The Hain Celestial Group had a positive return on equity of 3.13% and a negative net margin of 4.94%. The business had revenue of $394.60 million for the quarter, compared to analyst estimates of $394.24 million. During the same quarter in the prior year, the business earned ($0.04) earnings per share. The firm’s quarterly revenue was down 7.2% on a year-over-year basis. Analysts anticipate that The Hain Celestial Group will post 0.43 earnings per share for the current fiscal year.

Institutional Investors Weigh In On The Hain Celestial Group

Several institutional investors and hedge funds have recently made changes to their positions in HAIN. Allworth Financial LP increased its holdings in The Hain Celestial Group by 433.5% in the third quarter. Allworth Financial LP now owns 2,982 shares of the company’s stock worth $26,000 after purchasing an additional 2,423 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. grew its stake in 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 valued at $43,000 after acquiring an additional 3,432 shares during the period. Evergreen Capital Management LLC bought a new stake in shares of The Hain Celestial Group during the second quarter valued at approximately $72,000. Canada Pension Plan Investment Board acquired a new position in shares of The Hain Celestial Group during the second quarter worth approximately $82,000. Finally, Intech Investment Management LLC acquired a new stake in The Hain Celestial Group in the 2nd quarter valued at $82,000. 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.