Piper Sandler Lowers The Hain Celestial Group (NASDAQ:HAIN) Price Target to $1.80

The Hain Celestial Group (NASDAQ:HAIN - Get Free Report) had its target price dropped by analysts at Piper Sandler from $2.00 to $1.80 in a report released on Tuesday,Benzinga reports. The firm presently has a "neutral" rating on the stock. Piper Sandler's price objective suggests a potential upside of 1.69% from the stock's previous close.

Several other research analysts have also issued reports on HAIN. Maxim Group reduced their price target on The Hain Celestial Group from $10.00 to $5.00 and set a "buy" rating on the stock in a research report on Thursday, May 8th. Sanford C. Bernstein lowered 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 report on Thursday, May 8th. CL King reiterated a "neutral" rating on shares of The Hain Celestial Group in a report on Thursday, May 8th. JPMorgan Chase & Co. reduced their target price on The Hain Celestial Group from $6.00 to $5.00 and set a "neutral" rating on the stock in a report on Friday, March 14th. Finally, Barclays reduced their target price on 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. Nine research analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $3.64.

The Hain Celestial Group Trading Up 5.4%

Shares of NASDAQ:HAIN traded up $0.09 during midday trading on Tuesday, hitting $1.77. The company had a trading volume of 1,268,308 shares, compared to its average volume of 1,759,484. The Hain Celestial Group has a 12 month low of $1.30 and a 12 month high of $9.43. The company has a current ratio of 1.90, a quick ratio of 1.00 and a debt-to-equity ratio of 0.90. The stock has a market cap of $159.75 million, a price-to-earnings ratio of -0.91 and a beta of 1.05. The firm has a fifty day simple moving average of $2.55 and a 200 day simple moving average of $4.47.

The Hain Celestial Group (NASDAQ:HAIN - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.05). The Hain Celestial Group had a positive return on equity of 2.88% and a negative net margin of 10.51%. The company had revenue of $390.35 million during the quarter, compared to the consensus estimate of $414.45 million. During the same quarter in the prior year, the business earned $0.13 earnings per share. The firm's revenue for the quarter was down 10.9% on a year-over-year basis. On average, analysts predict that The Hain Celestial Group will post 0.4 EPS for the current year.

Insider Activity

In other news, Director Neil Campbell purchased 25,640 shares of the business's stock in a transaction dated Thursday, May 22nd. The shares were bought at an average cost of $1.93 per share, for a total transaction of $49,485.20. Following the completion of the acquisition, the director now directly owns 62,929 shares in the company, valued at approximately $121,452.97. This trade represents a 68.76% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Celeste A. Clark bought 83,000 shares of the stock in a transaction that occurred on Tuesday, May 13th. The stock was bought at an average cost of $1.79 per share, for a total transaction of $148,570.00. Following the transaction, the director now owns 83,000 shares of the company's stock, valued at $148,570. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders have bought a total of 308,640 shares of company stock worth $518,055 over the last three months. Corporate insiders own 0.83% of the company's stock.

Institutional Trading of The Hain Celestial Group

A number of hedge funds and other institutional investors have recently modified their holdings of HAIN. Wealthfront Advisers LLC acquired a new stake in shares of The Hain Celestial Group in the fourth quarter valued at about $370,371,000. Invesco Ltd. increased its position in shares of The Hain Celestial Group by 272.4% in the fourth quarter. Invesco Ltd. now owns 5,870,075 shares of the company's stock valued at $36,101,000 after acquiring an additional 4,293,945 shares during the last quarter. Millennium Management LLC increased its position in shares of 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 acquiring an additional 3,535,073 shares during the last quarter. Wellington Management Group LLP acquired a new stake in shares of The Hain Celestial Group in the fourth quarter valued at about $14,322,000. Finally, Frontier Capital Management Co. LLC increased its position in shares of 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 acquiring an additional 2,108,845 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.