Evercore ISI Cuts The Hain Celestial Group (NASDAQ:HAIN) Price Target to $6.00

The Hain Celestial Group (NASDAQ:HAIN) had its price target decreased by Evercore ISI from $9.00 to $6.00 in a report released on Wednesday,Benzinga reports. Evercore ISI currently has an in-line rating on the stock.

HAIN has been the subject of a number of other reports. Maxim Group decreased their price target on The Hain Celestial Group from $15.00 to $10.00 and set a “buy” rating for the company in a research note on Tuesday. JPMorgan Chase & Co. decreased their price target on The Hain Celestial Group from $8.00 to $6.00 and set a “neutral” rating for the company in a research note on Monday, February 3rd. Mizuho decreased their price target on The Hain Celestial Group from $7.00 to $4.50 and set a “neutral” rating for the company in a research note on Tuesday. Barclays decreased their price target on The Hain Celestial Group from $6.00 to $5.00 and set an “equal weight” rating for the company in a research note on Tuesday. Finally, DA Davidson decreased their price target on 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. Seven research 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 stock currently has an average rating of “Hold” and an average target price of $6.56.

The Hain Celestial Group Price Performance

Shares of HAIN stock opened at $4.05 on Wednesday. The Hain Celestial Group has a 1-year low of $3.28 and a 1-year high of $10.07. The stock’s 50-day moving average is $5.69 and its 200 day moving average is $7.18. The company has a market cap of $365.50 million, a P/E ratio of -4.31 and a beta of 0.74. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.01 and a quick ratio of 1.05.

The Hain Celestial Group (NASDAQ:HAIN) last issued its quarterly earnings data on Monday, February 10th. The company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.04). The Hain Celestial Group had a negative net margin of 4.94% and a positive return on equity of 3.13%. Research analysts predict that The Hain Celestial Group will post 0.43 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Barclays PLC raised its position in The Hain Celestial Group by 124.6% during the third quarter. Barclays PLC now owns 182,609 shares of the company’s stock valued at $1,576,000 after acquiring an additional 101,290 shares in the last quarter. Quest Partners LLC raised its position in The Hain Celestial Group by 387.1% during the third quarter. Quest Partners LLC now owns 212,655 shares of the company’s stock valued at $1,835,000 after acquiring an additional 168,996 shares in the last quarter. Geode Capital Management LLC raised its position in The Hain Celestial Group by 6.8% during the third quarter. Geode Capital Management LLC now owns 2,229,181 shares of the company’s stock valued at $19,241,000 after acquiring an additional 142,097 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in The Hain Celestial Group during the third quarter valued at approximately $2,515,000. Finally, Hotchkis & Wiley Capital Management LLC raised its position in The Hain Celestial Group by 54.9% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 1,224,590 shares of the company’s stock valued at $10,568,000 after acquiring an additional 434,070 shares in the last quarter. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

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.