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

The Hain Celestial Group (NASDAQ:HAIN - Get Free Report) had its price objective lowered by Piper Sandler from $2.00 to $1.80 in a note issued to investors on Tuesday,Benzinga reports. The firm currently has a "neutral" rating on the stock. Piper Sandler's price target would suggest a potential upside of 4.65% from the company's current price.

Several other brokerages have also recently issued reports on HAIN. CL King reaffirmed a "neutral" rating on shares of The Hain Celestial Group in a research report on Thursday, May 8th. Barclays dropped 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 research report on Monday, May 12th. Stifel Nicolaus decreased their price objective on The Hain Celestial Group from $4.00 to $1.50 and set a "hold" rating for the company in a report on Thursday, May 8th. Evercore ISI decreased their price objective on The Hain Celestial Group from $6.00 to $5.00 and set an "in-line" rating for the company in a report on Wednesday, April 23rd. 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 for the company. in a report on Thursday, May 8th. Nine investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, The Hain Celestial Group currently has a consensus rating of "Hold" and an average target price of $3.64.

The Hain Celestial Group Trading Down 3.4%

HAIN stock traded down $0.06 during midday trading on Tuesday, reaching $1.72. 1,218,435 shares of the company traded hands, compared to its average volume of 1,754,657. The Hain Celestial Group has a 52-week low of $1.30 and a 52-week high of $9.43. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.00 and a current ratio of 1.90. The business has a 50 day moving average of $2.70 and a 200-day moving average of $4.56. The firm has a market capitalization of $155.24 million, a price-to-earnings ratio of -0.89 and a beta of 1.05.

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 (EPS) for the quarter, missing analysts' consensus estimates of $0.12 by ($0.05). The company had revenue of $390.35 million for the quarter, compared to analysts' expectations of $414.45 million. The Hain Celestial Group had a negative net margin of 10.51% and a positive return on equity of 2.88%. The company's revenue for the quarter was down 10.9% on a year-over-year basis. During the same quarter last year, the company earned $0.13 earnings per share. As a group, sell-side analysts expect that The Hain Celestial Group will post 0.4 earnings per share for the current fiscal year.

Insider Activity at The Hain Celestial Group

In other news, Director Neil Campbell acquired 25,640 shares of The Hain Celestial Group 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 now directly owns 62,929 shares in the company, valued at approximately $121,452.97. This trade represents a 68.76% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Celeste A. Clark bought 83,000 shares of the company's stock in a transaction on Tuesday, May 13th. The stock was bought at an average cost of $1.79 per share, with a total value of $148,570.00. Following the completion of the acquisition, the director now owns 83,000 shares of the company's stock, valued at $148,570. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders purchased a total of 308,640 shares of company stock valued at $518,055 over the last ninety days. Insiders own 0.83% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of HAIN. Illinois Municipal Retirement Fund boosted its holdings in shares of The Hain Celestial Group by 4.4% in the 4th quarter. Illinois Municipal Retirement Fund now owns 49,113 shares of the company's stock valued at $302,000 after purchasing an additional 2,091 shares during the last quarter. MetLife Investment Management LLC increased its position in shares of The Hain Celestial Group by 6.3% in the 4th quarter. MetLife Investment Management LLC now owns 54,389 shares of the company's stock worth $334,000 after purchasing an additional 3,215 shares during the last quarter. Van ECK Associates Corp increased its position in shares of The Hain Celestial Group by 49.0% in the 4th quarter. Van ECK Associates Corp now owns 10,805 shares of the company's stock worth $66,000 after purchasing an additional 3,554 shares during the last quarter. Allianz Asset Management GmbH increased its position in shares of The Hain Celestial Group by 1.3% in the 1st quarter. Allianz Asset Management GmbH now owns 294,715 shares of the company's stock worth $1,223,000 after purchasing an additional 3,715 shares during the last quarter. Finally, Franklin Resources Inc. grew its position in shares of The Hain Celestial Group by 7.1% during the 4th quarter. Franklin Resources Inc. now owns 56,239 shares of the company's stock valued at $346,000 after buying an additional 3,732 shares during the last quarter. 97.01% of the stock is owned by hedge funds and other institutional investors.

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.