The Hain Celestial Group (NASDAQ:HAIN) Price Target Cut to $1.50 by Analysts at Mizuho

The Hain Celestial Group (NASDAQ:HAIN) had its price objective cut by Mizuho from $2.50 to $1.50 in a research report released on Tuesday morning,Benzinga reports. They currently have a neutral rating on the stock.

HAIN has been the topic of a number of other research reports. Piper Sandler cut their price objective on shares of The Hain Celestial Group from $2.00 to $1.80 and set a “neutral” rating on the stock in a report on Tuesday, June 3rd. Zacks Research upgraded shares of The Hain Celestial Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 19th. One research analyst has rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, The Hain Celestial Group currently has an average rating of “Hold” and an average target price of $3.28.

The Hain Celestial Group Stock Up 3.5%

Shares of NASDAQ HAIN opened at $1.49 on Tuesday. The business has a 50-day moving average of $1.73 and a two-hundred day moving average of $2.33. The company has a market capitalization of $134.53 million, a price-to-earnings ratio of -0.25 and a beta of 0.79. 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 1.47, a current ratio of 1.91 and a quick ratio of 0.99.

The Hain Celestial Group (NASDAQ:HAIN) last released its quarterly earnings data on Monday, September 15th. The company reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.06). The business had revenue of $363.35 million during the quarter, compared to analysts’ expectations of $371.58 million. The Hain Celestial Group had a negative net margin of 34.03% and a positive return on equity of 1.10%. The company’s revenue was down 13.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.13 EPS. On average, analysts forecast that The Hain Celestial Group will post 0.4 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in HAIN. Millennium Management LLC increased its position in The Hain Celestial Group by 295.4% during the first quarter. Millennium Management LLC now owns 4,731,690 shares of the company’s stock worth $19,637,000 after buying an additional 3,535,073 shares during the period. Nantahala Capital Management LLC acquired a new stake in The Hain Celestial Group during the 2nd quarter worth approximately $4,560,000. Wellington Management Group LLP acquired a new stake in The Hain Celestial Group during the 4th quarter worth approximately $14,322,000. AQR Capital Management LLC lifted its position in The Hain Celestial Group by 151.1% during the 1st quarter. AQR Capital Management LLC now owns 1,066,048 shares of the company’s stock worth $4,424,000 after acquiring an additional 641,567 shares during the period. Finally, Barrow Hanley Mewhinney & Strauss LLC lifted its position in The Hain Celestial Group by 9.8% during the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 6,223,817 shares of the company’s stock worth $38,276,000 after acquiring an additional 555,195 shares during the period. 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.