Barclays Has Lowered Expectations for The Hain Celestial Group (NASDAQ:HAIN) Stock Price

The Hain Celestial Group (NASDAQ:HAIN - Get Free Report) had its target price cut by Barclays from $5.00 to $4.00 in a note issued to investors on Monday,Benzinga reports. The brokerage presently has an "equal weight" rating on the stock. Barclays's price target indicates a potential upside of 34.68% from the stock's current price.

Other equities analysts also recently issued reports about the stock. JPMorgan Chase & Co. decreased their price objective on shares of The Hain Celestial Group from $6.00 to $5.00 and set a "neutral" rating on the stock in a report on Friday, March 14th. Evercore ISI dropped their target price on shares of The Hain Celestial Group from $9.00 to $6.00 and set an "in-line" rating for the company in a report on Wednesday, February 12th. Piper Sandler cut their price target on The Hain Celestial Group from $8.00 to $7.00 and set a "neutral" rating on the stock in a research report on Thursday, January 16th. Maxim Group cut their price objective on shares of The Hain Celestial Group from $15.00 to $10.00 and set a "buy" rating for the company in a research report on Tuesday, February 11th. Finally, Stifel Nicolaus lowered their target price on shares of The Hain Celestial Group from $7.00 to $6.00 and set a "hold" rating on the stock in a research report on Tuesday, February 11th. Seven equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, The Hain Celestial Group currently has a consensus rating of "Hold" and an average price target of $6.31.

The Hain Celestial Group Stock Up 10.4 %

NASDAQ:HAIN traded up $0.28 during mid-day trading on Monday, hitting $2.97. 2,171,184 shares of the company's stock traded hands, compared to its average volume of 1,493,293. 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 company has a market capitalization of $268.03 million, a P/E ratio of -1.53 and a beta of 0.93. The company has a fifty day moving average of $3.82 and a 200 day moving average of $5.94. The Hain Celestial Group has a twelve month low of $2.68 and a twelve month high of $9.43.

The Hain Celestial Group (NASDAQ:HAIN - Get Free Report) last issued its earnings results on Monday, February 10th. The company reported $0.08 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.12 by ($0.04). The Hain Celestial Group had a positive return on equity of 2.88% and a negative net margin of 10.51%. On average, analysts forecast that The Hain Celestial Group will post 0.4 EPS for the current year.

Institutional Trading of The Hain Celestial Group

Institutional investors have recently made changes to their positions in the stock. Wealthfront Advisers LLC acquired a new stake in The Hain Celestial Group during the 4th quarter worth approximately $370,371,000. Barclays PLC raised its stake in shares of The Hain Celestial Group by 124.6% in the 3rd 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 during the 4th quarter worth $142,000. Madison Investment Advisors LLC acquired a new stake in The Hain Celestial Group in the 4th quarter valued at $3,583,000. Finally, Rice Hall James & Associates LLC acquired a new position in shares of The Hain Celestial Group during the fourth quarter worth about $2,652,000. 97.01% of the stock is owned by hedge funds and other 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.