The Hain Celestial Group (NASDAQ:HAIN) Given New $6.00 Price Target at JPMorgan Chase & Co.

The Hain Celestial Group (NASDAQ:HAIN) had its price target cut by JPMorgan Chase & Co. from $8.00 to $6.00 in a research report sent to investors on Monday,Benzinga reports. They currently have a neutral rating on the stock.

Several other research firms have also recently issued reports on HAIN. DA Davidson cut their target price 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. Barclays decreased their target price on The Hain Celestial Group from $8.00 to $6.00 and set an “equal weight” rating for the company in a report on Friday, January 17th. Stifel Nicolaus cut their price target on shares of The Hain Celestial Group from $9.00 to $7.00 and set a “hold” rating on the stock in a report on Friday, January 24th. Finally, Piper Sandler decreased their price objective 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, January 16th. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, The Hain Celestial Group has a consensus rating of “Hold” and an average price target of $8.14.

The Hain Celestial Group Price Performance

Shares of The Hain Celestial Group stock opened at $4.80 on Monday. 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 Hain Celestial Group has a one year low of $4.47 and a one year high of $11.68. The business’s 50 day simple moving average is $6.39 and its two-hundred day simple moving average is $7.36. The stock has a market capitalization of $432.91 million, a P/E ratio of -5.11 and a beta of 0.74.

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

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Allworth Financial LP boosted its stake in The Hain Celestial Group by 433.5% during the third quarter. Allworth Financial LP now owns 2,982 shares of the company’s stock worth $26,000 after acquiring an additional 2,423 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. lifted its holdings in shares of The Hain Celestial Group by 225.5% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 4,954 shares of the company’s stock valued at $43,000 after purchasing an additional 3,432 shares during the last quarter. CWA Asset Management Group LLC purchased a new position in shares of The Hain Celestial Group during the third quarter valued at approximately $87,000. CWM LLC boosted its position in shares of The Hain Celestial Group by 14.5% in the 3rd quarter. CWM LLC now owns 10,098 shares of the company’s stock worth $87,000 after purchasing an additional 1,276 shares in the last quarter. Finally, Van ECK Associates Corp grew its stake in shares of The Hain Celestial Group by 49.0% in the 4th quarter. Van ECK Associates Corp now owns 10,805 shares of the company’s stock worth $66,000 after buying an additional 3,554 shares during the last quarter. 97.01% of the stock is currently owned by institutional investors.

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.