The Hain Celestial Group (NASDAQ:HAIN) PT Lowered to $8.00

The Hain Celestial Group (NASDAQ:HAIN) had its price target decreased by equities researchers at Stifel Nicolaus from $10.00 to $8.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm currently has a “hold” rating on the stock. Stifel Nicolaus’ price objective indicates a potential upside of 28.82% from the stock’s current price.

Several other research firms have also recently commented on HAIN. JPMorgan Chase & Co. lowered their target price on shares of The Hain Celestial Group from $11.00 to $10.00 and set a “neutral” rating on the stock in a research note on Thursday, February 8th. Mizuho reduced their price objective on shares of The Hain Celestial Group from $11.00 to $10.00 and set a “neutral” rating for the company in a research report on Wednesday, April 3rd. DA Davidson initiated coverage on shares of The Hain Celestial Group in a research report on Friday, March 1st. They set a “neutral” rating and a $10.00 price objective for the company. Barclays reduced their price objective on shares of The Hain Celestial Group from $11.00 to $8.00 and set an “equal weight” rating for the company in a research report on Friday, April 12th. Finally, Maxim Group reduced their price objective on shares of The Hain Celestial Group from $25.00 to $18.00 and set a “buy” rating for the company in a research report on Thursday, February 8th. Eight equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $12.70.

The Hain Celestial Group Price Performance

The Hain Celestial Group stock traded up $0.12 during trading hours on Friday, hitting $6.21. 373,423 shares of the company traded hands, compared to its average volume of 1,248,030. The firm has a market cap of $557.84 million, a P/E ratio of -3.50 and a beta of 0.68. The company has a quick ratio of 1.14, a current ratio of 2.24 and a debt-to-equity ratio of 0.81. The firm’s 50-day simple moving average is $8.01 and its two-hundred day simple moving average is $9.81. The Hain Celestial Group has a 1-year low of $5.68 and a 1-year high of $18.25.

The Hain Celestial Group (NASDAQ:HAIN) last released its earnings results on Wednesday, February 7th. The company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.11 by $0.01. The firm had revenue of $454.10 million for the quarter, compared to analysts’ expectations of $461.31 million. The Hain Celestial Group had a negative net margin of 8.88% and a positive return on equity of 2.48%. The Hain Celestial Group’s quarterly revenue was up .0% on a year-over-year basis. During the same quarter last year, the company earned $0.20 EPS. As a group, analysts forecast that The Hain Celestial Group will post 0.29 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Wendy P. Davidson purchased 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 13th. The stock was acquired at an average cost of $9.46 per share, for a total transaction of $47,300.00. Following the completion of the acquisition, the chief executive officer now owns 58,309 shares in the company, valued at approximately $551,603.14. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.72% of the company’s stock.

Institutional Trading of The Hain Celestial Group

Several institutional investors have recently made changes to their positions in the stock. Assenagon Asset Management S.A. boosted its holdings in shares of The Hain Celestial Group by 60.3% during the first quarter. Assenagon Asset Management S.A. now owns 610,760 shares of the company’s stock worth $4,801,000 after purchasing an additional 229,813 shares during the period. New Mexico Educational Retirement Board acquired a new stake in shares of The Hain Celestial Group during the first quarter worth approximately $134,000. First Trust Direct Indexing L.P. raised its position in The Hain Celestial Group by 13.0% during the first quarter. First Trust Direct Indexing L.P. now owns 16,404 shares of the company’s stock valued at $129,000 after acquiring an additional 1,885 shares in the last quarter. Counterpoint Mutual Funds LLC raised its position in The Hain Celestial Group by 106.1% during the first quarter. Counterpoint Mutual Funds LLC now owns 34,137 shares of the company’s stock valued at $268,000 after acquiring an additional 17,574 shares in the last quarter. Finally, Yarbrough Capital LLC bought a new position in The Hain Celestial Group during the first quarter valued at approximately $255,000. 97.01% of the stock is currently owned by institutional investors and hedge funds.

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.