The Hain Celestial Group (NASDAQ:HAIN) Price Target Lowered to $8.00 at Stifel Nicolaus

The Hain Celestial Group (NASDAQ:HAIN - Get Free Report) had its target price lowered by investment analysts at Stifel Nicolaus from $10.00 to $8.00 in a research note issued on Friday, Benzinga reports. The firm currently has a "hold" rating on the stock. Stifel Nicolaus' price objective indicates a potential upside of 30.29% from the stock's current price.

Several other research firms have also recently weighed in on HAIN. Maxim Group reduced their price objective on The Hain Celestial Group from $25.00 to $18.00 and set a "buy" rating for the company in a research report on Thursday, February 8th. Mizuho reduced their price objective on The Hain Celestial Group from $11.00 to $10.00 and set a "neutral" rating for the company in a research report on Wednesday, April 3rd. DA Davidson assumed coverage on The Hain Celestial Group in a research report on Friday, March 1st. They set a "neutral" rating and a $10.00 price target for the company. JPMorgan Chase & Co. reduced their price target on The Hain Celestial Group from $11.00 to $10.00 and set a "neutral" rating for the company in a research report on Thursday, February 8th. Finally, Barclays reduced their price target on The Hain Celestial Group from $11.00 to $8.00 and set an "equal weight" rating for the company in a research report on Friday, April 12th. Eight equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $12.70.

The Hain Celestial Group Trading Up 0.8 %

Shares of HAIN stock traded up $0.05 on Friday, reaching $6.14. 1,288,844 shares of the stock were exchanged, compared to its average volume of 1,259,826. The stock has a 50 day moving average price of $8.01 and a 200 day moving average price of $9.81. The stock has a market cap of $551.56 million, a PE ratio of -3.51 and a beta of 0.68. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.24 and a quick ratio of 1.14. The Hain Celestial Group has a one year low of $5.68 and a one year high of $18.25.

The Hain Celestial Group (NASDAQ:HAIN - Get Free Report) last released its quarterly earnings data on Wednesday, February 7th. The company reported $0.12 EPS for the quarter, beating analysts' consensus estimates of $0.11 by $0.01. The business had revenue of $454.10 million during the quarter, compared to the consensus estimate of $461.31 million. The Hain Celestial Group had a positive return on equity of 2.48% and a negative net margin of 8.88%. The firm's revenue was up .0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.20 earnings per share. Equities research analysts forecast that The Hain Celestial Group will post 0.29 EPS for the current fiscal year.

Insiders Place Their Bets

In other The Hain Celestial Group news, CEO Wendy P. Davidson bought 5,000 shares of The Hain Celestial Group stock in a transaction on Tuesday, February 13th. The shares were purchased at an average price of $9.46 per share, with a total value of $47,300.00. Following the acquisition, the chief executive officer now owns 58,309 shares in the company, valued at approximately $551,603.14. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.72% of the company's stock.

Institutional Investors Weigh In On The Hain Celestial Group

Several hedge funds have recently modified their holdings of the company. Sasco Capital Inc. CT lifted its holdings in The Hain Celestial Group by 55.6% during the 3rd quarter. Sasco Capital Inc. CT now owns 2,283,359 shares of the company's stock worth $23,678,000 after buying an additional 816,070 shares during the period. Norges Bank bought a new position in The Hain Celestial Group during the fourth quarter valued at $7,199,000. PGGM Investments grew its holdings in The Hain Celestial Group by 12.6% during the third quarter. PGGM Investments now owns 4,131,942 shares of the company's stock valued at $42,848,000 after purchasing an additional 462,919 shares during the period. The Manufacturers Life Insurance Company grew its holdings in The Hain Celestial Group by 11.9% during the third quarter. The Manufacturers Life Insurance Company now owns 3,752,498 shares of the company's stock valued at $38,913,000 after purchasing an additional 398,441 shares during the period. Finally, Trexquant Investment LP bought a new position in The Hain Celestial Group during the third quarter valued at $2,521,000. Institutional investors and hedge funds 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.