The Hain Celestial Group (NASDAQ:HAIN) Given New $2.50 Price Target at Mizuho

Key Points

• Mizuho has lowered its price target for The Hain Celestial Group from $3.00 to $2.50, maintaining a "neutral" rating, indicating a potential upside of 33.69% from the last closing price.
• In the latest earnings report, the company reported an EPS of $0.07, missing estimates by $0.05, with quarterly revenue down 10.9% from the previous year.
• Insiders are purchasing shares, with Director Neil Campbell buying 25,640 shares and Director Dawn M. Zier acquiring 200,000 shares, suggesting confidence in the company's future.

The Hain Celestial Group (NASDAQ:HAIN - Free Report) had its target price lowered by Mizuho from $3.00 to $2.50 in a research report released on Monday morning,Benzinga reports. The brokerage currently has a neutral rating on the stock.

A number of other research analysts also recently weighed in on HAIN. Piper Sandler lowered their target price on The Hain Celestial Group from $2.00 to $1.80 and set a "neutral" rating on the stock in a report on Tuesday, June 3rd. CL King reaffirmed a "neutral" rating on shares of The Hain Celestial Group in a report on Thursday, May 8th. Evercore ISI lowered their target price on The Hain Celestial Group from $6.00 to $5.00 and set an "in-line" rating on the stock in a report on Wednesday, April 23rd. Stifel Nicolaus lowered their target price on The Hain Celestial Group from $4.00 to $1.50 and set a "hold" rating on the stock in a report on Thursday, May 8th. Finally, Sanford C. Bernstein lowered The Hain Celestial Group from an "outperform" rating to a "market perform" rating and set a $1.50 price objective on the stock. in a report on Thursday, May 8th. Nine investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat.com, The Hain Celestial Group currently has an average rating of "Hold" and an average price target of $3.59.

The Hain Celestial Group Stock Down 2.2%

The Hain Celestial Group stock traded down $0.04 during mid-day trading on Monday, hitting $1.57. The company's stock had a trading volume of 1,429,515 shares, compared to its average volume of 2,226,056. The firm's 50 day moving average is $1.71 and its 200 day moving average is $3.03. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.81 and a quick ratio of 0.99. The Hain Celestial Group has a 52-week low of $1.30 and a 52-week high of $9.43. The company has a market cap of $141.25 million, a PE ratio of -0.54 and a beta of 0.78.

The Hain Celestial Group (NASDAQ:HAIN - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.07 earnings per share for the quarter, missing analysts' consensus estimates of $0.12 by ($0.05). The Hain Celestial Group had a negative net margin of 16.17% and a positive return on equity of 2.47%. The company had revenue of $390.35 million during the quarter, compared to the consensus estimate of $414.45 million. During the same period in the previous year, the business posted $0.13 earnings per share. The firm's revenue was down 10.9% on a year-over-year basis. On average, analysts anticipate that The Hain Celestial Group will post 0.4 earnings per share for the current year.

Insider Buying and Selling at The Hain Celestial Group

In other The Hain Celestial Group news, Director Celeste A. Clark acquired 83,000 shares of the business's stock in a transaction on Tuesday, May 13th. The stock was purchased at an average price of $1.79 per share, for a total transaction of $148,570.00. Following the transaction, the director owned 83,000 shares in the company, valued at $148,570. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Neil Campbell acquired 25,640 shares of the business's stock in a transaction on Thursday, May 22nd. The stock was acquired at an average price of $1.93 per share, with a total value of $49,485.20. Following the transaction, the director owned 62,929 shares in the company, valued at approximately $121,452.97. The trade was a 68.76% increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 308,640 shares of company stock worth $518,055. 0.83% of the stock is currently owned by insiders.

Hedge Funds Weigh In On The Hain Celestial Group

Several large investors have recently made changes to their positions in the company. Barrow Hanley Mewhinney & Strauss LLC raised its stake in shares of The Hain Celestial Group by 9.8% during the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 6,223,817 shares of the company's stock worth $38,276,000 after buying an additional 555,195 shares during the last quarter. Invesco Ltd. raised its stake in shares of The Hain Celestial Group by 272.4% during the fourth quarter. Invesco Ltd. now owns 5,870,075 shares of the company's stock worth $36,101,000 after buying an additional 4,293,945 shares during the last quarter. Millennium Management LLC increased its holdings in The Hain Celestial Group by 295.4% in the first quarter. Millennium Management LLC now owns 4,731,690 shares of the company's stock valued at $19,637,000 after purchasing an additional 3,535,073 shares during the last quarter. Frontier Capital Management Co. LLC increased its holdings in The Hain Celestial Group by 512.0% in the fourth quarter. Frontier Capital Management Co. LLC now owns 2,520,722 shares of the company's stock valued at $15,502,000 after purchasing an additional 2,108,845 shares during the last quarter. Finally, Wellington Management Group LLP increased its holdings in The Hain Celestial Group by 5.6% in the first quarter. Wellington Management Group LLP now owns 2,459,465 shares of the company's stock valued at $10,207,000 after purchasing an additional 130,642 shares during the last quarter. Institutional investors and hedge funds 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.