JPMorgan Chase & Co. Cuts The Hain Celestial Group (NASDAQ:HAIN) Price Target to $5.00

The Hain Celestial Group (NASDAQ:HAIN) had its target price trimmed by JPMorgan Chase & Co. from $6.00 to $5.00 in a research report sent to investors on Friday morning,Benzinga reports. The firm currently has a neutral rating on the stock.

Several other research firms also recently weighed in on HAIN. Maxim Group cut their price target on The Hain Celestial Group from $15.00 to $10.00 and set a “buy” rating on the stock in a research note on Tuesday, February 11th. Evercore ISI cut their price target on The Hain Celestial Group from $9.00 to $6.00 and set an “in-line” rating on the stock in a research note on Wednesday, February 12th. Mizuho cut their price target on The Hain Celestial Group from $7.00 to $4.50 and set a “neutral” rating on the stock in a research note on Tuesday, February 11th. Stifel Nicolaus cut their price target on The Hain Celestial Group from $7.00 to $6.00 and set a “hold” rating on the stock in a research note on Tuesday, February 11th. Finally, 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 note on Thursday, January 16th. Seven investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $6.44.

The Hain Celestial Group Stock Down 12.0 %

HAIN stock opened at $3.82 on Friday. The Hain Celestial Group has a fifty-two week low of $3.28 and a fifty-two week high of $9.43. The business’s 50 day moving average price is $4.54 and its two-hundred day moving average price is $6.75. 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 $344.74 million, a price-to-earnings ratio of -1.97 and a beta of 0.83.

The Hain Celestial Group (NASDAQ:HAIN) last posted its earnings results on Monday, February 10th. The company reported $0.08 earnings per share 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%. As a group, analysts forecast that The Hain Celestial Group will post 0.4 earnings per share for the current fiscal year.

Institutional Trading of The Hain Celestial Group

Several institutional investors have recently added to or reduced their stakes in the business. Wealthfront Advisers LLC purchased a new stake in The Hain Celestial Group during the 4th quarter valued at $370,371,000. Barrow Hanley Mewhinney & Strauss LLC lifted its holdings in shares of The Hain Celestial Group by 9.8% during the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 6,223,817 shares of the company’s stock valued at $38,276,000 after buying an additional 555,195 shares during the period. Invesco Ltd. lifted its holdings in shares of The Hain Celestial Group by 272.4% during the 4th quarter. Invesco Ltd. now owns 5,870,075 shares of the company’s stock valued at $36,101,000 after buying an additional 4,293,945 shares during the period. State Street Corp lifted its holdings in shares of The Hain Celestial Group by 0.4% during the 3rd quarter. State Street Corp now owns 3,464,855 shares of the company’s stock valued at $29,902,000 after buying an additional 15,494 shares during the period. Finally, Frontier Capital Management Co. LLC lifted its holdings in shares of The Hain Celestial Group by 512.0% during the 4th quarter. Frontier Capital Management Co. LLC now owns 2,520,722 shares of the company’s stock valued at $15,502,000 after buying an additional 2,108,845 shares during the period. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

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.