JPMorgan Chase & Co. Cuts The Hain Celestial Group (NASDAQ:HAIN) Price Target to $6.00

The Hain Celestial Group (NASDAQ:HAIN) had its price target cut by JPMorgan Chase & Co. from $8.00 to $6.00 in a report published on Monday morning,Benzinga reports. They currently have a neutral rating on the stock.

A number of other analysts have also weighed in on the stock. Barclays decreased their target price on shares of The Hain Celestial Group from $8.00 to $6.00 and set an “equal weight” rating on the stock in a report on Friday, January 17th. Piper Sandler cut their price target on shares of The Hain Celestial Group from $8.00 to $7.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Stifel Nicolaus cut their price target on shares of The Hain Celestial Group from $9.00 to $7.00 and set a “hold” rating for the company in a research note on Friday, January 24th. Finally, DA Davidson cut their price target 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. According to data from MarketBeat, The Hain Celestial Group currently has a consensus rating of “Hold” and an average target price of $8.14.

The Hain Celestial Group Stock Performance

NASDAQ HAIN opened at $4.75 on Monday. The company’s 50 day moving average is $6.25 and its 200-day moving average is $7.33. The Hain Celestial Group has a 12-month low of $4.47 and a 12-month high of $11.68. The company has a quick ratio of 1.05, a current ratio of 2.01 and a debt-to-equity ratio of 0.76. The firm has a market cap of $428.40 million, a P/E ratio of -5.05 and a beta of 0.74.

The Hain Celestial Group (NASDAQ:HAIN) last posted its quarterly earnings results 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 for the quarter was down 7.2% on a year-over-year basis. During the same period last year, the firm earned ($0.04) EPS. Sell-side analysts predict that The Hain Celestial Group will post 0.43 earnings per share for the current year.

Institutional Investors Weigh In On The Hain Celestial Group

Several institutional investors have recently added to or reduced their stakes in the company. Proficio Capital Partners LLC purchased a new stake in The Hain Celestial Group during the 4th quarter valued at $142,000. Illinois Municipal Retirement Fund boosted its position in The Hain Celestial Group by 4.4% during the 4th quarter. Illinois Municipal Retirement Fund now owns 49,113 shares of the company’s stock valued at $302,000 after buying an additional 2,091 shares during the period. Y Intercept Hong Kong Ltd bought a new position in The Hain Celestial Group in the 4th quarter worth $289,000. Union Bancaire Privee UBP SA bought a new position in The Hain Celestial Group in the 4th quarter worth $97,000. Finally, Rice Hall James & Associates LLC bought a new position in The Hain Celestial Group in the 4th quarter worth $2,652,000. Hedge funds and other institutional investors own 97.01% of the company’s stock.

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.