Mizuho Lowers The Hain Celestial Group (NASDAQ:HAIN) Price Target to $3.00

The Hain Celestial Group (NASDAQ:HAIN - Get Free Report) had its price target reduced by research analysts at Mizuho from $3.50 to $3.00 in a research report issued on Wednesday,Benzinga reports. The firm currently has a "neutral" rating on the stock. Mizuho's target price suggests a potential upside of 59.57% from the stock's previous close.

HAIN has been the subject of several other research reports. Barclays decreased their target price on The Hain Celestial Group from $4.00 to $2.00 and set an "equal weight" rating for the company in a research report on Monday, May 12th. JPMorgan Chase & Co. reduced their price target on The Hain Celestial Group from $6.00 to $5.00 and set a "neutral" rating for the company in a report on Friday, March 14th. Sanford C. Bernstein downgraded The Hain Celestial Group from an "outperform" rating to a "market perform" rating and set a $1.50 price target for the company. in a report on Thursday, May 8th. Stifel Nicolaus reduced their price target 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. Finally, Evercore ISI reduced their price target 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. Nine research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $4.22.

The Hain Celestial Group Trading Up 1.1%

The Hain Celestial Group stock traded up $0.02 during trading on Wednesday, hitting $1.88. The company's stock had a trading volume of 1,867,720 shares, compared to its average volume of 1,752,129. The stock has a market capitalization of $169.68 million, a price-to-earnings ratio of -0.97 and a beta of 1.05. 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 stock's fifty day moving average is $2.79 and its 200 day moving average is $4.64. The Hain Celestial Group has a 1-year low of $1.30 and a 1-year high of $9.43.

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

Insider Buying and Selling at The Hain Celestial Group

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Wealthfront Advisers LLC bought a new position in shares of The Hain Celestial Group in the fourth quarter worth $370,371,000. Barrow Hanley Mewhinney & Strauss LLC grew its stake in shares of The Hain Celestial Group by 9.8% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 6,223,817 shares of the company's stock worth $38,276,000 after purchasing an additional 555,195 shares in the last quarter. Invesco Ltd. grew its stake 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 worth $36,101,000 after purchasing an additional 4,293,945 shares in the last quarter. Millennium Management LLC grew its stake 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 worth $19,637,000 after purchasing an additional 3,535,073 shares in the last quarter. Finally, Frontier Capital Management Co. LLC grew its stake 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 worth $15,502,000 after purchasing an additional 2,108,845 shares in the last quarter. 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.