The Hain Celestial Group (NASDAQ:HAIN) Cut to Market Perform at Sanford C. Bernstein

The Hain Celestial Group (NASDAQ:HAIN - Get Free Report) was downgraded by equities researchers at Sanford C. Bernstein from an "outperform" rating to a "market perform" rating in a note issued to investors on Thursday,Briefing.com Automated Import reports. They presently have a $1.50 target price on the stock. Sanford C. Bernstein's price target would suggest a potential upside of 4.82% from the stock's previous close.

Other equities analysts have also issued research reports about the company. Evercore ISI lowered their target price on The Hain Celestial Group from $6.00 to $5.00 and set an "in-line" rating on the stock in a research note on Wednesday, April 23rd. Stifel Nicolaus decreased their price target on shares of The Hain Celestial Group from $6.00 to $4.00 and set a "hold" rating on the stock in a report on Thursday, April 24th. JPMorgan Chase & Co. cut their target price on shares of The Hain Celestial Group from $6.00 to $5.00 and set a "neutral" rating on the stock in a research report on Friday, March 14th. Maxim Group dropped their price target on The Hain Celestial Group from $15.00 to $10.00 and set a "buy" rating for the company in a research note on Tuesday, February 11th. Finally, Mizuho reduced their price target on The Hain Celestial Group from $7.00 to $4.50 and set a "neutral" rating on the stock in a report on Tuesday, February 11th. Eight analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat.com, The Hain Celestial Group has a consensus rating of "Hold" and a consensus price target of $5.44.

The Hain Celestial Group Stock Down 48.3 %

The Hain Celestial Group stock opened at $1.43 on Thursday. The Hain Celestial Group has a twelve month low of $1.30 and a twelve month high of $9.43. 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 company has a 50 day moving average of $3.51 and a 200-day moving average of $5.42. The stock has a market capitalization of $129.14 million, a PE ratio of -0.74 and a beta of 1.05.

The Hain Celestial Group (NASDAQ:HAIN - Get Free Report) last released its earnings results on Wednesday, May 7th. The company reported $0.07 earnings per share (EPS) 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 company had revenue of $390.35 million during the quarter, compared to analyst estimates of $414.45 million. During the same period in the prior year, the firm posted $0.13 EPS. The Hain Celestial Group's revenue was down 10.9% compared to the same quarter last year. On average, equities research analysts anticipate that The Hain Celestial Group will post 0.4 EPS for the current fiscal year.

Institutional Trading of The Hain Celestial Group

Hedge funds have recently bought and sold shares of the business. Wealthfront Advisers LLC bought a new position in The Hain Celestial Group during the fourth quarter valued at about $370,371,000. Barclays PLC increased its stake in shares of The Hain Celestial Group by 124.6% during the 3rd quarter. Barclays PLC now owns 182,609 shares of the company's stock worth $1,576,000 after purchasing an additional 101,290 shares during the last quarter. Proficio Capital Partners LLC purchased a new stake in The Hain Celestial Group during the fourth quarter valued at about $142,000. Madison Investment Advisors LLC bought a new position in The Hain Celestial Group during the fourth quarter worth about $3,583,000. Finally, JPMorgan Chase & Co. increased its stake in shares of The Hain Celestial Group by 53.5% in the fourth quarter. JPMorgan Chase & Co. now owns 491,877 shares of the company's stock worth $3,025,000 after purchasing an additional 171,420 shares in 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.

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