The Hain Celestial Group (NASDAQ:HAIN) Given New $5.00 Price Target at Maxim Group

The Hain Celestial Group (NASDAQ:HAIN) had its price target decreased by Maxim Group from $10.00 to $5.00 in a research report report published on Thursday,Benzinga reports. Maxim Group currently has a buy rating on the stock.

Other analysts have also recently issued research reports about the stock. CL King restated a “neutral” rating on shares of The Hain Celestial Group in a report on Thursday. Barclays dropped their price objective on shares of The Hain Celestial Group from $5.00 to $4.00 and set an “equal weight” rating on the stock in a research note on Monday, April 14th. Stifel Nicolaus decreased their target price on shares of The Hain Celestial Group from $4.00 to $1.50 and set a “hold” rating for the company in a research note on Thursday. Evercore ISI dropped their price target on The Hain Celestial Group from $6.00 to $5.00 and set an “in-line” rating on the stock in a research report on Wednesday, April 23rd. Finally, Piper Sandler reduced their price objective on The Hain Celestial Group from $8.00 to $7.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Nine research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $4.61.

The Hain Celestial Group Price Performance

HAIN opened at $1.54 on Thursday. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.00 and a current ratio of 1.90. The stock has a market capitalization of $138.98 million, a PE ratio of -0.79 and a beta of 1.05. The stock’s 50 day moving average price is $3.47 and its 200-day moving average price is $5.37. The Hain Celestial Group has a 52-week low of $1.30 and a 52-week high of $9.43.

The Hain Celestial Group (NASDAQ:HAIN) last posted its earnings results on Wednesday, May 7th. The company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.05). The Hain Celestial Group had a positive return on equity of 2.88% and a negative net margin of 10.51%. The company had revenue of $390.35 million during the quarter, compared to analysts’ expectations of $414.45 million. During the same period in the prior year, the business posted $0.13 earnings per share. The company’s revenue for the quarter was down 10.9% on a year-over-year basis. On average, equities research analysts predict that The Hain Celestial Group will post 0.4 EPS for the current year.

Institutional Investors Weigh In On The Hain Celestial Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Wealthfront Advisers LLC purchased a new stake in The Hain Celestial Group during the 4th quarter valued at approximately $370,371,000. Barclays PLC raised its stake in shares of The Hain Celestial Group by 124.6% in 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 during the period. Proficio Capital Partners LLC purchased a new stake in The Hain Celestial Group in the 4th quarter worth about $142,000. JPMorgan Chase & Co. lifted its stake in shares of The Hain Celestial Group by 53.5% during the 4th quarter. JPMorgan Chase & Co. now owns 491,877 shares of the company’s stock worth $3,025,000 after acquiring an additional 171,420 shares during the last quarter. Finally, Madison Investment Advisors LLC bought a new stake in shares of The Hain Celestial Group during the fourth quarter worth $3,583,000. 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.