JPMorgan Chase & Co. Cuts The Hain Celestial Group (NASDAQ:HAIN) Price Target to $6.00

The Hain Celestial Group (NASDAQ:HAIN) had its price target dropped by equities research analysts at JPMorgan Chase & Co. from $8.00 to $6.00 in a research report issued on Monday,Benzinga reports. The firm presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price suggests a potential upside of 23.08% from the company’s current price.

Other research analysts have also issued reports about the company. Barclays lowered their target price on The Hain Celestial Group from $8.00 to $6.00 and set an “equal weight” rating for the company in a research report on Friday, January 17th. DA Davidson reduced their target price on The Hain Celestial Group from $9.00 to $8.00 and set a “neutral” rating on the stock in a report on Tuesday, November 12th. Stifel Nicolaus lowered their price target on shares of The Hain Celestial Group from $9.00 to $7.00 and set a “hold” rating for the company in a report on Friday, January 24th. Finally, Piper Sandler cut their price target on shares of 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. Six analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, The Hain Celestial Group has a consensus rating of “Hold” and an average price target of $8.14.

The Hain Celestial Group Price Performance

NASDAQ HAIN traded down $0.19 during trading on Monday, hitting $4.88. 567,283 shares of the company’s stock were exchanged, compared to its average volume of 1,616,166. The company has a market cap of $439.68 million, a PE ratio of -5.18 and a beta of 0.74. The company has a current ratio of 2.01, a quick ratio of 1.05 and a debt-to-equity ratio of 0.76. The Hain Celestial Group has a fifty-two week low of $4.47 and a fifty-two week high of $11.68. The stock’s 50 day moving average price is $6.47 and its two-hundred day moving average price is $7.38.

The Hain Celestial Group (NASDAQ:HAIN) last released its quarterly earnings data on Thursday, November 7th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.02). The Hain Celestial Group had a positive return on equity of 3.13% and a negative net margin of 4.94%. The company had revenue of $394.60 million for the quarter, compared to analyst estimates of $394.24 million. During the same quarter in the prior year, the company earned ($0.04) earnings per share. The Hain Celestial Group’s revenue for the quarter was down 7.2% compared to the same quarter last year. Research analysts expect that The Hain Celestial Group will post 0.43 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of HAIN. Allworth Financial LP lifted its stake in The Hain Celestial Group by 433.5% during the 3rd quarter. Allworth Financial LP now owns 2,982 shares of the company’s stock valued at $26,000 after acquiring an additional 2,423 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. lifted its position in shares of The Hain Celestial Group by 225.5% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 4,954 shares of the company’s stock valued at $43,000 after purchasing an additional 3,432 shares in the last quarter. Van ECK Associates Corp boosted its holdings in The Hain Celestial Group by 49.0% during the fourth quarter. Van ECK Associates Corp now owns 10,805 shares of the company’s stock worth $66,000 after purchasing an additional 3,554 shares during the last quarter. Grace & White Inc. NY purchased a new stake in The Hain Celestial Group in the 4th quarter valued at about $86,000. Finally, CWM LLC boosted its stake in shares of The Hain Celestial Group by 14.5% in the 3rd quarter. CWM LLC now owns 10,098 shares of the company’s stock worth $87,000 after buying an additional 1,276 shares during the last quarter. Institutional investors 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.