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

The Hain Celestial Group (NASDAQ:HAIN) had its target price lowered by Stifel Nicolaus from $10.00 to $8.00 in a report published on Friday, Benzinga reports. Stifel Nicolaus currently has a hold rating on the stock.

Several other analysts also recently issued reports on HAIN. Maxim Group decreased 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 note on Thursday, February 8th. Barclays decreased 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 note on Friday, April 12th. DA Davidson assumed coverage on shares of The Hain Celestial Group in a research note on Friday, March 1st. They issued a neutral rating and a $10.00 price objective for the company. Mizuho decreased 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 note on Wednesday, April 3rd. Finally, JPMorgan Chase & Co. decreased 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 note on Thursday, February 8th. Eight analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, The Hain Celestial Group currently has an average rating of Hold and a consensus price target of $12.70.

The Hain Celestial Group Stock Up 0.8 %

Shares of NASDAQ:HAIN opened at $6.14 on Friday. The company has a current ratio of 2.24, a quick ratio of 1.14 and a debt-to-equity ratio of 0.81. The Hain Celestial Group has a 12 month low of $5.68 and a 12 month high of $18.25. The company has a 50-day moving average price of $7.94 and a 200 day moving average price of $9.78. The company has a market cap of $551.56 million, a price-to-earnings ratio of -3.47 and a beta of 0.68.

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

Insider Transactions at The Hain Celestial Group

In related news, CEO Wendy P. Davidson bought 5,000 shares of The Hain Celestial Group stock in a transaction dated Tuesday, February 13th. The shares were acquired at an average cost of $9.46 per share, with a total value of $47,300.00. Following the completion of the transaction, 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 SEC, which can be accessed through this link. Corporate insiders own 0.72% of the company’s stock.

Hedge Funds Weigh In On The Hain Celestial Group

Several institutional investors have recently bought and sold shares of HAIN. Sasco Capital Inc. CT increased its holdings in The Hain Celestial Group by 55.6% during the third quarter. Sasco Capital Inc. CT now owns 2,283,359 shares of the company’s stock valued at $23,678,000 after buying an additional 816,070 shares during the period. Norges Bank purchased a new position in The Hain Celestial Group during the fourth quarter valued at approximately $7,199,000. PGGM Investments increased its holdings in The Hain Celestial Group by 12.6% during the third quarter. PGGM Investments now owns 4,131,942 shares of the company’s stock valued at $42,848,000 after buying an additional 462,919 shares during the period. The Manufacturers Life Insurance Company increased its holdings in The Hain Celestial Group by 11.9% during the third quarter. The Manufacturers Life Insurance Company now owns 3,752,498 shares of the company’s stock valued at $38,913,000 after buying an additional 398,441 shares during the period. Finally, Trexquant Investment LP purchased a new position in The Hain Celestial Group during the third quarter valued at approximately $2,521,000. 97.01% of the stock is 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.