The Hain Celestial Group (NASDAQ:HAIN) Price Target Cut to $8.00 by Analysts at DA Davidson

The Hain Celestial Group (NASDAQ:HAIN) had its price objective trimmed by DA Davidson from $9.00 to $8.00 in a research report released on Tuesday,Benzinga reports. The brokerage currently has a neutral rating on the stock.

A number of other brokerages have also recently weighed in on HAIN. Barclays lowered their price target on The Hain Celestial Group from $9.00 to $8.00 and set an “equal weight” rating on the stock in a research report on Monday. Piper Sandler restated a “neutral” rating and set a $8.00 price target on shares of The Hain Celestial Group in a research report on Thursday, September 19th. Finally, Stifel Nicolaus lifted their price objective on The Hain Celestial Group from $8.00 to $9.00 and gave the company a “hold” rating in a research report on Wednesday, August 28th. Six research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $9.43.

The Hain Celestial Group Trading Down 7.9 %

Shares of HAIN stock opened at $6.68 on Tuesday. 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 $8.36 and a two-hundred day moving average of $7.59. The company has a current ratio of 2.01, a quick ratio of 1.05 and a debt-to-equity ratio of 0.76.

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 3.13% and a negative net margin of 4.94%. The firm had revenue of $394.60 million during the quarter, compared to the consensus estimate of $394.24 million. During the same period last year, the business earned ($0.04) earnings per share. The firm’s revenue for the quarter was down 7.2% compared to the same quarter last year. On average, research analysts expect that The Hain Celestial Group will post 0.46 EPS for the current year.

Insider Buying and Selling

In other The Hain Celestial Group news, insider Chad D. Marquardt bought 5,300 shares of the business’s stock in a transaction on Wednesday, September 4th. The shares were bought at an average cost of $8.32 per share, for a total transaction of $44,096.00. Following the transaction, the insider now owns 15,300 shares in the company, valued at approximately $127,296. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.83% of the company’s stock.

Institutional Investors Weigh In On The Hain Celestial Group

A number of institutional investors and hedge funds have recently modified their holdings of HAIN. Allworth Financial LP grew its position in shares of The Hain Celestial Group by 433.5% during the 3rd quarter. Allworth Financial LP now owns 2,982 shares of the company’s stock worth $26,000 after buying an additional 2,423 shares during the period. Signaturefd LLC increased its stake in The Hain Celestial Group by 125.9% in the second quarter. Signaturefd LLC now owns 3,994 shares of the company’s stock valued at $28,000 after purchasing an additional 2,226 shares in the last quarter. nVerses Capital LLC raised its holdings in The Hain Celestial Group by 161.1% in the second quarter. nVerses Capital LLC now owns 4,700 shares of the company’s stock worth $32,000 after purchasing an additional 2,900 shares during the period. CWM LLC boosted its position in shares of The Hain Celestial Group by 357.8% during the second quarter. CWM LLC now owns 8,822 shares of the company’s stock worth $61,000 after purchasing an additional 6,895 shares in the last quarter. Finally, Choreo LLC acquired a new position in shares of The Hain Celestial Group in the 2nd quarter valued at $71,000. 97.01% of the stock is owned by institutional investors.

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.