Mizuho Has Lowered Expectations for The Hain Celestial Group (NASDAQ:HAIN) Stock Price

The Hain Celestial Group (NASDAQ:HAIN) had its target price cut by equities researchers at Mizuho from $7.00 to $4.50 in a research report issued on Tuesday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Mizuho’s price objective indicates a potential upside of 7.40% from the company’s current price.

Several other brokerages have also commented on HAIN. JPMorgan Chase & Co. cut their target price on The Hain Celestial Group from $8.00 to $6.00 and set a “neutral” rating on the stock in a research report on Monday, February 3rd. DA Davidson cut their price target on The Hain Celestial Group from $9.00 to $8.00 and set a “neutral” rating on the stock in a report on Tuesday, November 12th. Piper Sandler lowered their price objective on shares of The Hain Celestial Group from $8.00 to $7.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Stifel Nicolaus cut their target price on shares of The Hain Celestial Group from $9.00 to $7.00 and set a “hold” rating on the stock in a research note on Friday, January 24th. Finally, Barclays decreased their price target on shares of The Hain Celestial Group from $8.00 to $6.00 and set an “equal weight” rating for the company in a research note on Friday, January 17th. Six research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $7.64.

The Hain Celestial Group Stock Down 10.7 %

Shares of NASDAQ HAIN opened at $4.19 on Tuesday. The company’s 50 day moving average price is $6.01 and its 200-day moving average price is $7.27. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.05 and a current ratio of 2.01. The Hain Celestial Group has a 52-week low of $3.28 and a 52-week high of $10.07. The company has a market capitalization of $377.90 million, a P/E ratio of -4.46 and a beta of 0.74.

The Hain Celestial Group (NASDAQ:HAIN) last released its earnings results on Monday, February 10th. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.04). The Hain Celestial Group had a negative net margin of 4.94% and a positive return on equity of 3.13%. Equities analysts forecast that The Hain Celestial Group will post 0.43 earnings per share for the current year.

Institutional Trading of The Hain Celestial Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HAIN. SG Americas Securities LLC purchased a new position in The Hain Celestial Group during the 3rd quarter worth $260,000. CWM LLC boosted its holdings in The Hain Celestial Group by 14.5% during the third quarter. CWM LLC now owns 10,098 shares of the company’s stock worth $87,000 after purchasing an additional 1,276 shares during the last quarter. Creative Planning grew its position in The Hain Celestial Group by 3.6% in the 3rd quarter. Creative Planning now owns 36,298 shares of the company’s stock worth $313,000 after purchasing an additional 1,272 shares in the last quarter. Swedbank AB bought a new stake in The Hain Celestial Group in the 3rd quarter worth about $216,000. Finally, Assenagon Asset Management S.A. increased its stake in The Hain Celestial Group by 2.1% in the 3rd quarter. Assenagon Asset Management S.A. now owns 637,563 shares of the company’s stock valued at $5,502,000 after buying an additional 13,376 shares during the last quarter. 97.01% of the stock is owned by 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.