Barclays Has Lowered Expectations for The Hain Celestial Group (NASDAQ:HAIN) Stock Price

The Hain Celestial Group (NASDAQ:HAIN) had its price target trimmed by Barclays from $9.00 to $8.00 in a report issued on Monday,Benzinga reports. The firm currently has an equal weight rating on the stock.

A number of other equities research analysts have also issued reports on the company. DA Davidson reiterated a “neutral” rating and issued a $8.00 target price on shares of The Hain Celestial Group in a research note on Wednesday, August 28th. Piper Sandler reiterated a “neutral” rating and issued a $8.00 target price on shares of The Hain Celestial Group in a research note on Thursday, September 19th. Finally, Stifel Nicolaus increased their target price on The Hain Celestial Group from $8.00 to $9.00 and gave the company a “hold” rating in a research note on Wednesday, August 28th. Six analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $9.43.

The Hain Celestial Group Stock Performance

Shares of NASDAQ:HAIN opened at $6.62 on Monday. The firm has a market capitalization of $597.06 million, a PE ratio of -7.04 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 business has a 50-day moving average of $8.33 and a two-hundred day moving average of $7.58. The Hain Celestial Group has a 12 month low of $5.68 and a 12 month high of $11.97.

The Hain Celestial Group (NASDAQ:HAIN) last posted its earnings results on Thursday, November 7th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.02). The Hain Celestial Group had a negative net margin of 4.94% and a positive return on equity of 3.13%. The company had revenue of $394.60 million during the quarter, compared to analyst estimates of $394.24 million. During the same quarter last year, the business posted ($0.04) EPS. The Hain Celestial Group’s quarterly revenue was down 7.2% compared to the same quarter last year. As a group, research analysts forecast that The Hain Celestial Group will post 0.46 earnings per share for the current year.

Insider Buying and Selling at The Hain Celestial Group

In other news, insider Chad D. Marquardt bought 5,300 shares of The Hain Celestial Group stock in a transaction on Wednesday, September 4th. The shares were bought at an average price of $8.32 per share, with a total value of $44,096.00. Following the acquisition, the insider now directly owns 15,300 shares in the company, valued at approximately $127,296. This represents a 0.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.83% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the company. Creative Planning lifted its holdings in The Hain Celestial Group by 3.6% during the 3rd quarter. Creative Planning now owns 36,298 shares of the company’s stock worth $313,000 after buying an additional 1,272 shares during the last quarter. CWM LLC lifted its holdings in The Hain Celestial Group by 14.5% during the 3rd quarter. CWM LLC now owns 10,098 shares of the company’s stock worth $87,000 after buying an additional 1,276 shares during the last quarter. Illinois Municipal Retirement Fund lifted its holdings in The Hain Celestial Group by 3.3% during the 1st quarter. Illinois Municipal Retirement Fund now owns 54,172 shares of the company’s stock worth $426,000 after buying an additional 1,710 shares during the last quarter. US Bancorp DE lifted its holdings in The Hain Celestial Group by 10.3% during the 3rd quarter. US Bancorp DE now owns 19,518 shares of the company’s stock worth $168,000 after buying an additional 1,815 shares during the last quarter. Finally, Signaturefd LLC lifted its holdings in The Hain Celestial Group by 125.9% during the 2nd quarter. Signaturefd LLC now owns 3,994 shares of the company’s stock worth $28,000 after buying an additional 2,226 shares during the last quarter. 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.