The Hain Celestial Group (NASDAQ:HAIN) Lowered to Market Perform Rating by Sanford C. Bernstein

The Hain Celestial Group (NASDAQ:HAIN) was downgraded by analysts at Sanford C. Bernstein from an “outperform” rating to a “market perform” rating in a report issued on Thursday, MarketBeat reports. They presently have a $1.50 target price on the stock. Sanford C. Bernstein’s price objective indicates a potential downside of 5.36% from the stock’s previous close.

Several other brokerages have also recently commented on HAIN. Evercore ISI reduced their price target on The Hain Celestial Group from $6.00 to $5.00 and set an “in-line” rating for the company in a research report on Wednesday, April 23rd. Stifel Nicolaus cut their price objective on The Hain Celestial Group from $6.00 to $4.00 and set a “hold” rating for the company in a report on Thursday, April 24th. Barclays lowered their target price on shares of The Hain Celestial Group from $5.00 to $4.00 and set an “equal weight” rating on the stock in a report on Monday, April 14th. Mizuho decreased their price objective on shares of The Hain Celestial Group from $7.00 to $4.50 and set a “neutral” rating for the company in a research report on Tuesday, February 11th. Finally, Maxim Group dropped their target price on shares of The Hain Celestial Group from $15.00 to $10.00 and set a “buy” rating on the stock in a report on Tuesday, February 11th. Nine analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $4.61.

The Hain Celestial Group Trading Up 2.9 %

NASDAQ:HAIN opened at $1.59 on Thursday. The company has a quick ratio of 1.00, a current ratio of 1.90 and a debt-to-equity ratio of 0.90. The Hain Celestial Group has a twelve month low of $1.30 and a twelve month high of $9.43. The company has a market cap of $143.04 million, a P/E ratio of -0.82 and a beta of 1.05. The business has a 50 day moving average price of $3.43 and a two-hundred day moving average price of $5.32.

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

Institutional Investors Weigh In On The Hain Celestial Group

A number of institutional investors have recently made changes to their positions in HAIN. Deutsche Bank AG lifted its holdings in The Hain Celestial Group by 634.0% during the 1st quarter. Deutsche Bank AG now owns 616,908 shares of the company’s stock worth $2,560,000 after purchasing an additional 532,864 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in The Hain Celestial Group by 32.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,595,704 shares of the company’s stock worth $6,622,000 after buying an additional 391,034 shares during the period. XTX Topco Ltd bought a new stake in shares of The Hain Celestial Group in the first quarter valued at about $710,000. GSA Capital Partners LLP grew its stake in shares of The Hain Celestial Group by 206.1% in the first quarter. GSA Capital Partners LLP now owns 318,326 shares of the company’s stock valued at $1,321,000 after acquiring an additional 214,334 shares in the last quarter. Finally, Federated Hermes Inc. increased its position in The Hain Celestial Group by 21.3% during the first quarter. Federated Hermes Inc. now owns 1,059,302 shares of the company’s stock worth $4,396,000 after acquiring an additional 185,745 shares during the period. 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.