Barclays Lowers The Hain Celestial Group (NASDAQ:HAIN) Price Target to $12.00

The Hain Celestial Group (NASDAQ:HAIN) had its target price decreased by equities research analysts at Barclays from $14.00 to $12.00 in a report issued on Friday, FlyOnTheWall reports. Barclays‘s price objective suggests a potential upside of 17.07% from the company’s current price.

A number of other research firms have also issued reports on HAIN. JPMorgan Chase & Co. lowered their target price on The Hain Celestial Group from $14.00 to $11.00 and set a “neutral” rating for the company in a research note on Monday, August 28th. StockNews.com upgraded The Hain Celestial Group from a “sell” rating to a “hold” rating in a research note on Thursday, August 31st. Stephens initiated coverage on The Hain Celestial Group in a research note on Thursday, June 22nd. They issued an “overweight” rating and a $17.00 target price for the company. Mizuho lowered their target price on The Hain Celestial Group from $14.00 to $12.00 and set a “neutral” rating for the company in a research note on Friday, August 25th. Finally, Piper Sandler reduced their price target on The Hain Celestial Group from $16.00 to $13.00 in a report on Thursday, June 22nd. Seven analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, The Hain Celestial Group has a consensus rating of “Hold” and an average price target of $17.36.

The Hain Celestial Group Stock Performance

Shares of NASDAQ:HAIN opened at $10.25 on Friday. The firm has a market capitalization of $917.07 million, a PE ratio of -7.88 and a beta of 0.94. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.56 and a quick ratio of 1.22. The business has a 50-day moving average of $11.77 and a two-hundred day moving average of $14.03. The Hain Celestial Group has a 12 month low of $9.36 and a 12 month high of $22.14.

The Hain Celestial Group (NASDAQ:HAIN) last announced its quarterly earnings results on Thursday, August 24th. The company reported $0.11 EPS for the quarter, topping the consensus estimate of $0.10 by $0.01. The Hain Celestial Group had a positive return on equity of 4.30% and a negative net margin of 6.49%. The company had revenue of $447.80 million during the quarter, compared to analyst estimates of $435.61 million. During the same period in the prior year, the firm posted $0.08 earnings per share. The firm’s revenue was down 2.0% on a year-over-year basis. As a group, research analysts forecast that The Hain Celestial Group will post 0.45 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in The Hain Celestial Group by 15.4% during the 3rd quarter. Vanguard Group Inc. now owns 10,081,205 shares of the company’s stock worth $170,172,000 after buying an additional 1,342,432 shares during the last quarter. Alliancebernstein L.P. lifted its holdings in The Hain Celestial Group by 17.2% during the 4th quarter. Alliancebernstein L.P. now owns 7,152,677 shares of the company’s stock worth $115,730,000 after buying an additional 1,051,217 shares during the last quarter. Black Creek Investment Management Inc. lifted its holdings in The Hain Celestial Group by 4.6% during the 1st quarter. Black Creek Investment Management Inc. now owns 5,323,234 shares of the company’s stock worth $91,293,000 after buying an additional 232,596 shares during the last quarter. State Street Corp lifted its holdings in The Hain Celestial Group by 1.2% during the 1st quarter. State Street Corp now owns 3,399,117 shares of the company’s stock worth $58,295,000 after buying an additional 38,991 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its holdings in The Hain Celestial Group by 20.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,354,057 shares of the company’s stock worth $41,959,000 after buying an additional 558,264 shares during the last quarter. Institutional investors own 89.11% of the company’s stock.

The Hain Celestial Group Company Profile

The Hain Celestial Group, Inc manufactures, markets, and sells organic and natural products in United States, United Kingdom, 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, almond, and coconut; and condiments.