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 target price reduced by DA Davidson from $9.00 to $8.00 in a report issued on Tuesday,Benzinga reports. They currently have a neutral rating on the stock.

A number of other research analysts also recently issued reports on HAIN. Stifel Nicolaus upped their price target on The Hain Celestial Group from $8.00 to $9.00 and gave the company a “hold” rating in a report on Wednesday, August 28th. Piper Sandler reaffirmed a “neutral” rating and set a $8.00 price target on shares of The Hain Celestial Group in a report on Thursday, September 19th. Finally, Barclays reduced their price target on shares of The Hain Celestial Group from $9.00 to $8.00 and set an “equal weight” rating for the company in a research note on Monday. Six equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $9.43.

The Hain Celestial Group Price Performance

HAIN stock traded up $0.07 during trading on Tuesday, hitting $6.93. 275,641 shares of the stock traded hands, compared to its average volume of 1,191,764. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.05 and a current ratio of 2.01. The Hain Celestial Group has a 1 year low of $5.68 and a 1 year high of $11.68. The firm’s 50 day moving average is $8.29 and its two-hundred day moving average is $7.58.

The Hain Celestial Group (NASDAQ:HAIN) last posted its quarterly 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 Hain Celestial Group had a negative net margin of 4.94% and a positive return on equity of 3.13%. The firm had revenue of $394.60 million for the quarter, compared to analysts’ expectations of $394.24 million. During the same quarter in the previous year, the company earned ($0.04) EPS. The company’s quarterly revenue was down 7.2% compared to the same quarter last year. Analysts anticipate that The Hain Celestial Group will post 0.46 EPS for the current fiscal year.

Insider Buying and Selling at The Hain Celestial Group

In other The Hain Celestial Group news, insider Chad D. Marquardt purchased 5,300 shares of the firm’s stock in a transaction on Wednesday, September 4th. The shares were acquired at an average cost of $8.32 per share, for a total transaction of $44,096.00. Following the completion of the transaction, the insider now owns 15,300 shares of the company’s stock, valued at approximately $127,296. The trade was a 53.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.83% of the company’s stock.

Institutional Investors Weigh In On The Hain Celestial Group

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Creative Planning grew its holdings in The Hain Celestial Group by 3.6% during the third quarter. Creative Planning now owns 36,298 shares of the company’s stock valued at $313,000 after purchasing an additional 1,272 shares during the period. CWM LLC lifted its position in shares of The Hain Celestial Group by 14.5% during the 3rd quarter. CWM LLC now owns 10,098 shares of the company’s stock valued at $87,000 after buying an additional 1,276 shares in the last quarter. Illinois Municipal Retirement Fund lifted its position in shares of The Hain Celestial Group by 3.3% during the 1st quarter. Illinois Municipal Retirement Fund now owns 54,172 shares of the company’s stock valued at $426,000 after buying an additional 1,710 shares in the last quarter. US Bancorp DE grew its stake in shares of The Hain Celestial Group by 10.3% during the 3rd quarter. US Bancorp DE now owns 19,518 shares of the company’s stock valued at $168,000 after acquiring an additional 1,815 shares during the period. Finally, Signaturefd LLC increased its holdings in The Hain Celestial Group by 125.9% in the 2nd quarter. Signaturefd LLC now owns 3,994 shares of the company’s stock worth $28,000 after acquiring an additional 2,226 shares in the last quarter. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

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.