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

The Hain Celestial Group (NASDAQ:HAIN) was downgraded by equities research analysts at Sanford C. Bernstein from an “outperform” rating to a “market perform” rating in a research note issued on Thursday, MarketBeat reports. They currently have a $1.50 price target on the stock. Sanford C. Bernstein’s price objective would suggest a potential downside of 5.36% from the company’s previous close.

Several other research firms have also recently weighed in on HAIN. Piper Sandler dropped their price objective on shares of The Hain Celestial Group from $8.00 to $7.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Stifel Nicolaus cut their price target on The Hain Celestial Group from $6.00 to $4.00 and set a “hold” rating on the stock in a research note on Thursday, April 24th. Maxim Group lowered their price objective on 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. Barclays cut their target price on shares of The Hain Celestial Group from $5.00 to $4.00 and set an “equal weight” rating on the stock in a research report on Monday, April 14th. Finally, JPMorgan Chase & Co. lowered their price target on shares of The Hain Celestial Group from $6.00 to $5.00 and set a “neutral” rating for the company in a research report on Friday, March 14th. Nine research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $4.61.

The Hain Celestial Group Stock Up 2.9 %

NASDAQ HAIN opened at $1.59 on Thursday. The stock’s 50 day simple moving average is $3.43 and its 200 day simple moving average is $5.32. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.90 and a quick ratio of 1.00. The Hain Celestial Group has a one year low of $1.30 and a one year high of $9.43. The firm has a market cap of $143.04 million, a PE ratio of -0.82 and a beta of 1.05.

The Hain Celestial Group (NASDAQ:HAIN) last released its quarterly 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 business had revenue of $390.35 million during the quarter, compared to the consensus estimate of $414.45 million. The Hain Celestial Group had a negative net margin of 10.51% and a positive return on equity of 2.88%. The business’s quarterly revenue was down 10.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.13 earnings per share. As a group, sell-side 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

A number of large investors have recently made changes to their positions in the company. Signaturefd LLC grew its stake in The Hain Celestial Group by 174.5% in the first quarter. Signaturefd LLC now owns 6,858 shares of the company’s stock valued at $28,000 after acquiring an additional 4,360 shares during the period. Wedmont Private Capital acquired a new position in shares of The Hain Celestial Group in the 1st quarter valued at approximately $52,000. Byrne Asset Management LLC increased its stake in The Hain Celestial Group by 240.0% during the 1st quarter. Byrne Asset Management LLC now owns 13,599 shares of the company’s stock worth $56,000 after purchasing an additional 9,599 shares in the last quarter. CWM LLC raised its holdings in The Hain Celestial Group by 106.8% during the 1st quarter. CWM LLC now owns 15,493 shares of the company’s stock worth $64,000 after buying an additional 8,000 shares during the period. Finally, Van ECK Associates Corp boosted its holdings in shares of The Hain Celestial Group by 49.0% in the fourth quarter. Van ECK Associates Corp now owns 10,805 shares of the company’s stock valued at $66,000 after buying an additional 3,554 shares during the period. 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.