Barclays Raises The Hain Celestial Group (NASDAQ:HAIN) Price Target to $9.00

The Hain Celestial Group (NASDAQ:HAIN) had its target price boosted by Barclays from $7.00 to $9.00 in a research report sent to investors on Thursday morning, Benzinga reports. The brokerage currently has an equal weight rating on the stock.

Other analysts also recently issued reports about the stock. Mizuho cut their price objective on shares of The Hain Celestial Group from $10.00 to $8.00 and set a neutral rating on the stock in a research report on Monday, May 13th. Piper Sandler dropped their price target on shares of The Hain Celestial Group from $11.00 to $8.00 and set a neutral rating on the stock in a report on Thursday, May 9th. DA Davidson reaffirmed a neutral rating and set a $8.00 price target on shares of The Hain Celestial Group in a report on Wednesday. Maxim Group dropped their price target on shares of The Hain Celestial Group from $18.00 to $15.00 and set a buy rating on the stock in a report on Thursday, May 9th. Finally, Stifel Nicolaus raised their price target on shares of The Hain Celestial Group from $8.00 to $9.00 and gave the company a hold rating in a report on Wednesday. Seven equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of Hold and a consensus price target of $10.88.

The Hain Celestial Group Stock Performance

Shares of HAIN stock opened at $8.00 on Thursday. The Hain Celestial Group has a one year low of $5.68 and a one year high of $12.49. The company’s 50-day moving average is $7.16 and its 200 day moving average is $7.47. The company has a market capitalization of $718.75 million, a price-to-earnings ratio of -7.84 and a beta of 0.77. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.07 and a current ratio of 2.10.

The Hain Celestial Group (NASDAQ:HAIN) last announced its quarterly earnings data on Tuesday, August 27th. The company reported $0.13 EPS for the quarter, beating the consensus estimate of $0.08 by $0.05. The Hain Celestial Group had a negative net margin of 5.14% and a positive return on equity of 2.91%. The company had revenue of $419.00 million for the quarter, compared to the consensus estimate of $417.99 million. During the same period in the prior year, the firm posted $0.11 EPS. The Hain Celestial Group’s revenue for the quarter was down 6.4% on a year-over-year basis. Sell-side analysts expect that The Hain Celestial Group will post 0.29 EPS for the current fiscal year.

Hedge Funds Weigh In On The Hain Celestial Group

Several institutional investors have recently made changes to their positions in HAIN. Signaturefd LLC lifted its stake in shares of The Hain Celestial Group by 125.9% in the 2nd quarter. Signaturefd LLC now owns 3,994 shares of the company’s stock worth $28,000 after purchasing an additional 2,226 shares during the period. nVerses Capital LLC raised its stake in The Hain Celestial Group by 161.1% during the 2nd quarter. nVerses Capital LLC now owns 4,700 shares of the company’s stock worth $32,000 after acquiring an additional 2,900 shares during the period. CWM LLC raised its stake in The Hain Celestial Group by 357.8% during the 2nd quarter. CWM LLC now owns 8,822 shares of the company’s stock worth $61,000 after acquiring an additional 6,895 shares during the period. Choreo LLC bought a new stake in The Hain Celestial Group during the 2nd quarter worth approximately $71,000. Finally, Evergreen Capital Management LLC bought a new stake in The Hain Celestial Group during the 2nd quarter worth approximately $72,000. 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.