Mizuho Issues Pessimistic Forecast for The Hain Celestial Group (NASDAQ:HAIN) Stock Price

Key Points

• Mizuho analysts have lowered their price target for The Hain Celestial Group (NASDAQ: HAIN) from $2.50 to $1.50, indicating a potential downside of 0.99% from the current stock price.
• The company's recent earnings report showed an earnings per share (EPS) of ($0.02), missing analysts' estimates, with revenue declining 13.4% year-over-year to $363.35 million.
• Currently, The Hain Celestial Group has an average analyst rating of "Hold," with one buy rating and ten hold ratings, while the consensus price target stands at $3.48.

The Hain Celestial Group (NASDAQ:HAIN - Get Free Report) had its price target lowered by analysts at Mizuho from $2.50 to $1.50 in a report released on Tuesday,Benzinga reports. The brokerage currently has a "neutral" rating on the stock. Mizuho's target price would suggest a potential downside of 0.99% from the company's current price.

HAIN has been the subject of several other reports. Piper Sandler reduced their price objective on The Hain Celestial Group from $2.00 to $1.80 and set a "neutral" rating for the company in a research report on Tuesday, June 3rd. Zacks Research raised The Hain Celestial Group from a "strong sell" rating to a "hold" rating in a research report on Tuesday, August 19th. One investment analyst has rated the stock with a Buy rating and ten have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, The Hain Celestial Group presently has an average rating of "Hold" and a consensus price target of $3.48.

The Hain Celestial Group Trading Down 6.5%

NASDAQ:HAIN traded down $0.11 on Tuesday, reaching $1.52. The company's stock had a trading volume of 1,288,457 shares, compared to its average volume of 2,084,495. The Hain Celestial Group has a 1-year low of $1.30 and a 1-year high of $9.43. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.99 and a current ratio of 1.81. The firm has a market cap of $136.73 million, a PE ratio of -0.53 and a beta of 0.79. The business's 50-day moving average price is $1.74 and its two-hundred day moving average price is $2.36.

The Hain Celestial Group (NASDAQ:HAIN - Get Free Report) last posted its earnings results on Monday, September 15th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.04 by ($0.06). The Hain Celestial Group had a negative net margin of 16.17% and a positive return on equity of 2.47%. The business had revenue of $363.35 million during the quarter, compared to analyst estimates of $371.58 million. During the same period in the previous year, the firm posted $0.13 earnings per share. The firm's revenue was down 13.4% on a year-over-year basis. Equities research analysts anticipate that The Hain Celestial Group will post 0.4 earnings per share for the current fiscal year.

Institutional Trading of The Hain Celestial Group

Several institutional investors and hedge funds have recently bought and sold shares of the business. Allianz Asset Management GmbH grew its holdings in The Hain Celestial Group by 1.3% during the first quarter. Allianz Asset Management GmbH now owns 294,715 shares of the company's stock valued at $1,223,000 after purchasing an additional 3,715 shares during the period. Signaturefd LLC grew its holdings in The Hain Celestial Group by 174.5% during the first quarter. Signaturefd LLC now owns 6,858 shares of the company's stock valued at $28,000 after purchasing an additional 4,360 shares during the period. Cerity Partners LLC grew its holdings in The Hain Celestial Group by 50.8% during the first quarter. Cerity Partners LLC now owns 16,708 shares of the company's stock valued at $69,000 after purchasing an additional 5,625 shares during the period. Quantinno Capital Management LP grew its holdings in The Hain Celestial Group by 51.1% during the fourth quarter. Quantinno Capital Management LP now owns 18,949 shares of the company's stock valued at $117,000 after purchasing an additional 6,407 shares during the period. Finally, Intech Investment Management LLC grew its holdings in The Hain Celestial Group by 14.2% during the second quarter. Intech Investment Management LLC now owns 53,821 shares of the company's stock valued at $82,000 after purchasing an additional 6,673 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.

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