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

The Hain Celestial Group (NASDAQ:HAIN) had its price objective lowered by Barclays from $8.00 to $6.00 in a research note issued on Friday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Barclays‘s price objective points to a potential upside of 25.63% from the stock’s current price.

Several other analysts have also recently issued reports on HAIN. DA Davidson cut their price objective on The Hain Celestial Group from $9.00 to $8.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 12th. Piper Sandler decreased 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 report on Thursday. Six analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, The Hain Celestial Group has a consensus rating of “Hold” and a consensus price target of $9.00.

The Hain Celestial Group Stock Up 1.4 %

Shares of The Hain Celestial Group stock traded up $0.07 on Friday, hitting $4.78. 250,120 shares of the company’s stock traded hands, compared to its average volume of 1,615,826. The Hain Celestial Group has a 52-week low of $4.47 and a 52-week 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 stock has a market cap of $430.75 million, a P/E ratio of -5.08 and a beta of 0.76. The firm’s 50-day moving average is $6.97 and its 200 day moving average is $7.54.

The Hain Celestial Group (NASDAQ:HAIN) last announced its quarterly earnings data on Thursday, November 7th. The company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.02). The company had revenue of $394.60 million for the quarter, compared to analyst estimates of $394.24 million. The Hain Celestial Group had a positive return on equity of 3.13% and a negative net margin of 4.94%. The Hain Celestial Group’s revenue was down 7.2% on a year-over-year basis. During the same period in the prior year, the business earned ($0.04) earnings per share. Equities analysts anticipate that The Hain Celestial Group will post 0.43 earnings per share for the current year.

Institutional Trading of The Hain Celestial Group

Hedge funds have recently added to or reduced their stakes in the business. Millennium Management LLC grew its stake in shares of The Hain Celestial Group by 171.3% in the second quarter. Millennium Management LLC now owns 2,634,718 shares of the company’s stock worth $18,206,000 after purchasing an additional 1,663,542 shares in the last quarter. AQR Capital Management LLC acquired a new stake in The Hain Celestial Group in the second quarter worth about $3,942,000. Hotchkis & Wiley Capital Management LLC grew its position in The Hain Celestial Group by 54.9% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 1,224,590 shares of the company’s stock valued at $10,568,000 after buying an additional 434,070 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its stake in The Hain Celestial Group by 257.0% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 496,842 shares of the company’s stock valued at $4,288,000 after buying an additional 357,669 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of The Hain Celestial Group during the 3rd quarter worth about $2,515,000. Institutional investors own 97.01% of the company’s stock.

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.