The Hain Celestial Group (NASDAQ:HAIN) Given New $8.00 Price Target at Barclays

The Hain Celestial Group (NASDAQ:HAIN) had its target price decreased by Barclays from $9.00 to $8.00 in a research note released on Monday morning,Benzinga reports. Barclays currently has an equal weight rating on the stock.

Several other analysts also recently issued reports on HAIN. DA Davidson restated a “neutral” rating and issued a $8.00 price target on shares of The Hain Celestial Group in a research note on Wednesday, August 28th. Piper Sandler restated a “neutral” rating and issued a $8.00 price target on shares of The Hain Celestial Group in a research note on Thursday, September 19th. Finally, Stifel Nicolaus boosted their price target on The Hain Celestial Group from $8.00 to $9.00 and gave the company a “hold” rating in a research note on Wednesday, August 28th. Six investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $9.43.

The Hain Celestial Group Stock Performance

Shares of NASDAQ HAIN opened at $7.25 on Monday. The company has a current ratio of 2.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.76. The Hain Celestial Group has a 12 month low of $5.68 and a 12 month high of $11.97. The stock has a 50 day moving average of $8.40 and a 200-day moving average of $7.59. The company has a market capitalization of $651.41 million, a P/E ratio of -7.71 and a beta of 0.74.

The Hain Celestial Group (NASDAQ:HAIN) last issued 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 3.09% and a negative net margin of 4.94%. The business had revenue of $394.60 million for the quarter, compared to the consensus estimate of $394.24 million. During the same quarter in the prior year, the firm posted ($0.04) earnings per share. The business’s revenue was down 7.2% compared to the same quarter last year. As a group, equities research analysts predict that The Hain Celestial Group will post 0.48 EPS for the current year.

Insider Buying and Selling at The Hain Celestial Group

In related news, insider Chad D. Marquardt acquired 5,300 shares of the company’s stock in a transaction on Wednesday, September 4th. The stock was purchased at an average cost of $8.32 per share, with a total value of $44,096.00. Following the acquisition, the insider now directly owns 15,300 shares of the company’s stock, valued at approximately $127,296. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.83% of the company’s stock.

Hedge Funds Weigh In On The Hain Celestial Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its holdings in shares of The Hain Celestial Group by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 10,942,729 shares of the company’s stock worth $86,010,000 after buying an additional 84,689 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC raised its holdings in shares of The Hain Celestial Group by 1.1% during the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 5,698,984 shares of the company’s stock worth $39,380,000 after buying an additional 62,865 shares in the last quarter. PGGM Investments raised its holdings in shares of The Hain Celestial Group by 1.3% during the 2nd quarter. PGGM Investments now owns 4,183,854 shares of the company’s stock worth $28,910,000 after buying an additional 51,912 shares in the last quarter. Millennium Management LLC grew its position in The Hain Celestial Group by 171.3% during the 2nd quarter. Millennium Management LLC now owns 2,634,718 shares of the company’s stock worth $18,206,000 after acquiring an additional 1,663,542 shares during the last quarter. Finally, Invenomic Capital Management LP bought a new stake in The Hain Celestial Group during the 1st quarter worth $11,294,000. 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.