The Hain Celestial Group (NASDAQ:HAIN) Given New $7.00 Price Target at Piper Sandler

The Hain Celestial Group (NASDAQ:HAIN) had its target price lowered by Piper Sandler from $8.00 to $7.00 in a research report issued on Thursday,Benzinga reports. The firm presently has a “neutral” rating on the stock. Piper Sandler’s price objective would suggest a potential upside of 50.86% from the company’s current price.

Several other research analysts have also recently weighed in on the stock. Barclays decreased their price objective on shares of The Hain Celestial Group from $9.00 to $8.00 and set an “equal weight” rating for the company in a report on Monday, November 11th. DA Davidson decreased their target price on shares of The Hain Celestial Group from $9.00 to $8.00 and set a “neutral” rating for the company in a research note on Tuesday, November 12th. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, The Hain Celestial Group currently has a consensus rating of “Hold” and an average target price of $9.29.

The Hain Celestial Group Stock Up 1.1 %

Shares of HAIN traded up $0.05 during trading hours on Thursday, hitting $4.64. The company had a trading volume of 338,972 shares, compared to its average volume of 1,566,844. The Hain Celestial Group has a 52-week low of $4.47 and a 52-week high of $11.68. The firm has a fifty day moving average price of $7.03 and a 200-day moving average price of $7.56. The stock has a market capitalization of $418.50 million, a price-to-earnings ratio of -4.94 and a beta of 0.76. 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 (NASDAQ:HAIN) last released its quarterly earnings data on Thursday, November 7th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate 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 negative net margin of 4.94% and a positive return on equity of 3.13%. The business’s revenue was down 7.2% compared to the same quarter last year. During the same period last year, the company posted ($0.04) earnings per share. On average, equities research analysts forecast that The Hain Celestial Group will post 0.43 EPS for the current fiscal year.

Institutional Investors Weigh In On The Hain Celestial Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Allworth Financial LP lifted its position in shares of The Hain Celestial Group by 433.5% in the third quarter. Allworth Financial LP now owns 2,982 shares of the company’s stock valued at $26,000 after acquiring an additional 2,423 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. lifted its position in The Hain Celestial Group by 225.5% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 4,954 shares of the company’s stock worth $43,000 after buying an additional 3,432 shares during the last quarter. Choreo LLC bought a new position in The Hain Celestial Group during the 2nd quarter valued at about $71,000. Evergreen Capital Management LLC bought a new stake in The Hain Celestial Group in the second quarter worth about $72,000. Finally, Intech Investment Management LLC purchased a new stake in shares of The Hain Celestial Group in the second quarter worth approximately $82,000. 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.