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

The Hain Celestial Group (NASDAQ:HAIN) had its target price trimmed by Stifel Nicolaus from $10.00 to $8.00 in a research note released on Friday morning, Benzinga reports. The firm currently has a hold rating on the stock.

HAIN has been the subject of several other research reports. Maxim Group dropped their price target on shares of The Hain Celestial Group from $25.00 to $18.00 and set a buy rating for the company in a research note on Thursday, February 8th. Mizuho dropped their price target on shares of The Hain Celestial Group from $11.00 to $10.00 and set a neutral rating for the company in a research note on Wednesday, April 3rd. JPMorgan Chase & Co. lowered their price objective on shares of 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. DA Davidson started coverage on shares of The Hain Celestial Group in a research report on Friday, March 1st. They set a neutral rating and a $10.00 price objective for the company. Finally, Barclays lowered their price objective on shares of 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 research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of Hold and an average target price of $12.70.

The Hain Celestial Group Stock Up 2.1 %

HAIN stock opened at $6.27 on Friday. The company has a market cap of $563.23 million, a price-to-earnings ratio of -3.54 and a beta of 0.68. The company has a current ratio of 2.24, a quick ratio of 1.14 and a debt-to-equity ratio of 0.81. The Hain Celestial Group has a 12 month low of $5.68 and a 12 month high of $18.25. The firm has a 50-day moving average of $7.87 and a two-hundred day moving average of $9.75.

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

Insider Buying and Selling at The Hain Celestial Group

In other The Hain Celestial Group news, CEO Wendy P. Davidson purchased 5,000 shares of the firm’s stock in a transaction on Tuesday, February 13th. The stock was bought at an average price of $9.46 per share, with a total value of $47,300.00. Following the transaction, the chief executive officer now directly owns 58,309 shares of the company’s stock, valued at approximately $551,603.14. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.72% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On The Hain Celestial Group

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Sequoia Financial Advisors LLC raised its holdings in shares of The Hain Celestial Group by 8.0% in the 4th quarter. Sequoia Financial Advisors LLC now owns 14,156 shares of the company’s stock valued at $155,000 after purchasing an additional 1,052 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of The Hain Celestial Group by 9.2% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 18,773 shares of the company’s stock valued at $195,000 after purchasing an additional 1,587 shares in the last quarter. First Trust Direct Indexing L.P. raised its holdings in shares of The Hain Celestial Group by 13.0% in the 1st quarter. First Trust Direct Indexing L.P. now owns 16,404 shares of the company’s stock valued at $129,000 after purchasing an additional 1,885 shares in the last quarter. Swiss National Bank raised its holdings in shares of The Hain Celestial Group by 1.0% in the 3rd quarter. Swiss National Bank now owns 196,614 shares of the company’s stock valued at $2,039,000 after purchasing an additional 1,900 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its holdings in shares of The Hain Celestial Group by 17.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 13,839 shares of the company’s stock valued at $152,000 after purchasing an additional 2,096 shares in the last quarter. 97.01% of the stock is currently owned by institutional investors and hedge funds.

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.