Barclays Cuts The Hain Celestial Group (NASDAQ:HAIN) Price Target to $6.00

The Hain Celestial Group (NASDAQ:HAIN) had its price target cut by stock analysts at Barclays from $8.00 to $6.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Barclays‘s price target points to a potential upside of 25.63% from the company’s previous close.

HAIN has been the subject of a number of other research reports. DA Davidson cut 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. Piper Sandler reduced their target price on The Hain Celestial Group from $8.00 to $7.00 and set a “neutral” rating for the company in a report on Thursday. Six equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $9.00.

The Hain Celestial Group Price Performance

NASDAQ:HAIN traded up $0.07 during mid-day trading on Friday, reaching $4.78. 250,120 shares of the stock were exchanged, compared to its average volume of 1,615,826. 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 business has a fifty day moving average price of $6.97 and a 200 day moving average price of $7.54. The Hain Celestial Group has a 1-year low of $4.47 and a 1-year high of $11.68. The firm has a market capitalization of $430.75 million, a PE ratio of -5.08 and a beta of 0.76.

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

Institutional Trading of The Hain Celestial Group

Several hedge funds and other institutional investors have recently modified their holdings of the business. Allworth Financial LP raised its position in The Hain Celestial Group by 433.5% during the third quarter. Allworth Financial LP now owns 2,982 shares of the company’s stock valued at $26,000 after buying an additional 2,423 shares during the period. Point72 Asia Singapore Pte. Ltd. increased its holdings in shares of The Hain Celestial Group by 225.5% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 4,954 shares of the company’s stock valued at $43,000 after purchasing an additional 3,432 shares during the period. CWA Asset Management Group LLC purchased a new stake in shares of The Hain Celestial Group in the third quarter worth approximately $87,000. CWM LLC boosted its holdings in shares of The Hain Celestial Group by 14.5% during the third quarter. CWM LLC now owns 10,098 shares of the company’s stock worth $87,000 after purchasing an additional 1,276 shares during the period. Finally, Choreo LLC acquired a new stake in shares of The Hain Celestial Group during the second quarter worth approximately $71,000. Institutional investors and hedge funds 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.