Mizuho Has Lowered Expectations for The Hain Celestial Group (NASDAQ:HAIN) Stock Price

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 decreased by Mizuho from $3.00 to $2.50 in a research report report published on Monday,Benzinga reports. Mizuho currently has a neutral rating on the stock.

A number of other analysts have also recently weighed in on the stock. Maxim Group cut their price objective on shares of The Hain Celestial Group from $10.00 to $5.00 and set a "buy" rating on the stock in a report on Thursday, May 8th. Barclays cut their price objective on shares of The Hain Celestial Group from $4.00 to $2.00 and set an "equal weight" rating on the stock in a report on Monday, May 12th. CL King reissued a "neutral" rating on shares of The Hain Celestial Group in a report on Thursday, May 8th. Evercore ISI cut their price objective on shares of 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. Finally, Sanford C. Bernstein lowered shares of The Hain Celestial Group from an "outperform" rating to a "market perform" rating and set a $1.50 target price on the stock. in a research report on Thursday, May 8th. 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, The Hain Celestial Group currently has a consensus rating of "Hold" and an average target price of $3.59.

The Hain Celestial Group Stock Down 5.9%

NASDAQ:HAIN traded down $0.11 during mid-day trading on Monday, hitting $1.76. The stock had a trading volume of 1,045,847 shares, compared to its average volume of 1,236,760. The stock has a 50-day simple moving average of $1.72 and a two-hundred day simple moving average of $3.04. The company has a market capitalization of $158.84 million, a PE ratio of -0.61 and a beta of 0.78. The Hain Celestial Group has a twelve month low of $1.30 and a twelve month high of $9.43. The company has a current ratio of 1.81, a quick ratio of 0.99 and a debt-to-equity ratio of 1.01.

The Hain Celestial Group (NASDAQ:HAIN - Get Free Report) last issued its earnings results on Wednesday, May 7th. The company reported $0.07 earnings per share for the quarter, missing the consensus estimate 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 firm had revenue of $390.35 million during the quarter, compared to analyst estimates of $414.45 million. During the same period last year, the business earned $0.13 EPS. The firm's revenue was down 10.9% compared to the same quarter last year. On average, equities research analysts anticipate that The Hain Celestial Group will post 0.4 EPS for the current year.

Insider Activity at The Hain Celestial Group

In other news, Director Dawn M. Zier acquired 200,000 shares of the stock in a transaction that occurred on Friday, May 9th. The shares were purchased at an average cost of $1.60 per share, for a total transaction of $320,000.00. Following the transaction, the director directly owned 288,229 shares in the company, valued at approximately $461,166.40. This represents a 226.68% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Neil Campbell acquired 25,640 shares of the stock in a transaction that occurred on Thursday, May 22nd. The stock was purchased at an average price of $1.93 per share, for a total transaction of $49,485.20. Following the completion of the transaction, the director owned 62,929 shares in the company, valued at $121,452.97. The trade was a 68.76% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought a total of 308,640 shares of company stock worth $518,055 in the last three months. Insiders own 0.83% of the company's stock.

Hedge Funds Weigh In On The Hain Celestial Group

Hedge funds and other institutional investors have recently bought and sold shares of the company. Signaturefd LLC boosted its position in shares of The Hain Celestial Group by 174.5% during the 1st quarter. Signaturefd LLC now owns 6,858 shares of the company's stock worth $28,000 after purchasing an additional 4,360 shares in the last quarter. Vanguard Personalized Indexing Management LLC boosted its position in shares of The Hain Celestial Group by 45.0% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 30,067 shares of the company's stock worth $46,000 after purchasing an additional 9,335 shares in the last quarter. Wedmont Private Capital purchased a new stake in shares of The Hain Celestial Group during the 1st quarter worth $52,000. Byrne Asset Management LLC boosted its position in shares of The Hain Celestial Group by 150.3% during the 2nd quarter. Byrne Asset Management LLC now owns 34,040 shares of the company's stock worth $52,000 after purchasing an additional 20,441 shares in the last quarter. Finally, Brooklyn Investment Group boosted its position in shares of The Hain Celestial Group by 6,315.1% during the 1st quarter. Brooklyn Investment Group now owns 12,766 shares of the company's stock worth $53,000 after purchasing an additional 12,567 shares in the last quarter. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

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.