The Hain Celestial Group (NASDAQ:HAIN) Given New $2.00 Price Target at Barclays

The Hain Celestial Group (NASDAQ:HAIN) had its target price decreased by Barclays from $4.00 to $2.00 in a research note published on Monday morning,Benzinga reports. Barclays currently has an equal weight rating on the stock.

Other research analysts have also recently issued reports about the stock. Piper Sandler decreased their price objective 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. Stifel Nicolaus reduced their price objective on shares of The Hain Celestial Group from $4.00 to $1.50 and set a “hold” rating on the stock in a research note on Thursday, May 8th. Sanford C. Bernstein downgraded The Hain Celestial Group from an “outperform” rating to a “market perform” rating and set a $1.50 price target for the company. in a report on Thursday, May 8th. CL King reiterated a “neutral” rating on shares of The Hain Celestial Group in a report on Thursday, May 8th. Finally, Evercore ISI reduced their target price on The Hain Celestial Group from $6.00 to $5.00 and set an “in-line” rating for the company in a research note on Wednesday, April 23rd. Nine equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $4.39.

The Hain Celestial Group Trading Up 12.0%

Shares of HAIN stock opened at $1.77 on Monday. The company has a quick ratio of 1.00, a current ratio of 1.90 and a debt-to-equity ratio of 0.90. The Hain Celestial Group has a 12-month low of $1.30 and a 12-month high of $9.43. The firm has a 50 day moving average price of $3.39 and a two-hundred day moving average price of $5.23. The company has a market capitalization of $159.75 million, a PE ratio of -0.91 and a beta of 1.05.

The Hain Celestial Group (NASDAQ:HAIN) last released its quarterly earnings results on Wednesday, May 7th. The company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.05). The business had revenue of $390.35 million during the quarter, compared to analyst estimates of $414.45 million. The Hain Celestial Group had a negative net margin of 10.51% and a positive return on equity of 2.88%. The firm’s quarterly revenue was down 10.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.13 earnings per share. As a group, analysts predict that The Hain Celestial Group will post 0.4 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Dawn M. Zier bought 200,000 shares of the company’s stock in a transaction on Friday, May 9th. The shares were purchased at an average price of $1.60 per share, with a total value of $320,000.00. Following the transaction, the director now directly owns 288,229 shares in the company, valued at $461,166.40. This represents a 226.68% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.83% of the company’s stock.

Institutional Investors Weigh In On The Hain Celestial Group

Hedge funds have recently modified their holdings of the stock. Signaturefd LLC raised its holdings in shares of The Hain Celestial Group by 174.5% in the 1st quarter. Signaturefd LLC now owns 6,858 shares of the company’s stock worth $28,000 after purchasing an additional 4,360 shares during the period. Wedmont Private Capital purchased a new position in shares of The Hain Celestial Group during the 1st quarter valued at $52,000. Byrne Asset Management LLC grew its position in shares of The Hain Celestial Group by 240.0% during the 1st quarter. Byrne Asset Management LLC now owns 13,599 shares of the company’s stock valued at $56,000 after purchasing an additional 9,599 shares in the last quarter. CWM LLC grew its position in shares of The Hain Celestial Group by 106.8% during the 1st quarter. CWM LLC now owns 15,493 shares of the company’s stock valued at $64,000 after purchasing an additional 8,000 shares in the last quarter. Finally, Van ECK Associates Corp grew its position in The Hain Celestial Group by 49.0% in the fourth quarter. Van ECK Associates Corp now owns 10,805 shares of the company’s stock worth $66,000 after acquiring an additional 3,554 shares in the last quarter. Institutional investors own 97.01% 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, 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.