The Hain Celestial Group (NASDAQ:HAIN) PT Lowered to $8.00 at Stifel Nicolaus

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

HAIN has been the topic of a number of other reports. DA Davidson assumed coverage on shares of The Hain Celestial Group in a research report on Friday, March 1st. They issued a neutral rating and a $10.00 target price on the stock. Mizuho dropped their target price on shares of The Hain Celestial Group from $11.00 to $10.00 and set a neutral rating on the stock in a research report on Wednesday, April 3rd. JPMorgan Chase & Co. dropped their target price on shares of The Hain Celestial Group from $11.00 to $10.00 and set a neutral rating on the stock in a research report on Thursday, February 8th. Barclays dropped their target price on shares of The Hain Celestial Group from $11.00 to $8.00 and set an equal weight rating on the stock in a research report on Friday, April 12th. Finally, Maxim Group lowered their price objective on shares of The Hain Celestial Group from $25.00 to $18.00 and set a buy rating on the stock in a research report on Thursday, February 8th. Eight analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, The Hain Celestial Group presently has a consensus rating of Hold and an average target price of $12.70.

The Hain Celestial Group Trading Up 0.8 %

Shares of NASDAQ:HAIN opened at $6.14 on Friday. The Hain Celestial Group has a 52 week low of $5.68 and a 52 week high of $18.25. The company’s 50 day moving average is $7.94 and its two-hundred day moving average is $9.78. 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 company has a market cap of $551.56 million, a PE ratio of -3.47 and a beta of 0.68.

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

Insiders Place Their Bets

In other news, CEO Wendy P. Davidson bought 5,000 shares of The Hain Celestial Group stock in a transaction dated Tuesday, February 13th. The stock was bought at an average price of $9.46 per share, for a total transaction of $47,300.00. Following the purchase, the chief executive officer now owns 58,309 shares of the company’s stock, valued at $551,603.14. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.72% of the stock is currently owned by insiders.

Institutional Trading of The Hain Celestial Group

Several hedge funds have recently made changes to their positions in HAIN. Sasco Capital Inc. CT lifted its stake in shares of The Hain Celestial Group by 55.6% in the 3rd quarter. Sasco Capital Inc. CT now owns 2,283,359 shares of the company’s stock worth $23,678,000 after acquiring an additional 816,070 shares during the period. Norges Bank acquired a new stake in shares of The Hain Celestial Group in the 4th quarter worth $7,199,000. PGGM Investments lifted its stake in shares of The Hain Celestial Group by 12.6% in the 3rd quarter. PGGM Investments now owns 4,131,942 shares of the company’s stock worth $42,848,000 after acquiring an additional 462,919 shares during the period. The Manufacturers Life Insurance Company lifted its stake in shares of The Hain Celestial Group by 11.9% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 3,752,498 shares of the company’s stock worth $38,913,000 after acquiring an additional 398,441 shares during the period. Finally, Trexquant Investment LP acquired a new stake in shares of The Hain Celestial Group in the 3rd quarter worth $2,521,000. Institutional investors and hedge funds own 97.01% of the company’s stock.

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.