The Hain Celestial Group (NASDAQ:HAIN) Given New $4.50 Price Target at Mizuho

The Hain Celestial Group (NASDAQ:HAIN) had its target price dropped by Mizuho from $7.00 to $4.50 in a note issued to investors on Tuesday,Benzinga reports. The firm presently has a “neutral” rating on the stock. Mizuho’s price target would indicate a potential upside of 3.21% from the stock’s current price.

Several other equities research analysts have also recently commented on the company. Stifel Nicolaus cut their target price on 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. Barclays reduced their target price on shares of The Hain Celestial Group from $8.00 to $6.00 and set an “equal weight” rating for the company in a report on Friday, January 17th. DA Davidson lowered their price target on shares of The Hain Celestial Group from $9.00 to $8.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 12th. Piper Sandler decreased their price objective on The Hain Celestial Group from $8.00 to $7.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Finally, JPMorgan Chase & Co. dropped their target price on The Hain Celestial Group from $8.00 to $6.00 and set a “neutral” rating on the stock in a report on Monday, February 3rd. Seven analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $6.56.

The Hain Celestial Group Stock Down 1.1 %

The Hain Celestial Group stock opened at $4.36 on Tuesday. The Hain Celestial Group has a twelve month low of $3.28 and a twelve month high of $10.07. The company has a quick ratio of 1.05, a current ratio of 2.01 and a debt-to-equity ratio of 0.76. The company has a 50 day moving average of $5.85 and a 200-day moving average of $7.22. The stock has a market capitalization of $393.23 million, a PE ratio of -4.64 and a beta of 0.74.

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

Hedge Funds Weigh In On The Hain Celestial Group

A number of hedge funds and other institutional investors have recently bought and sold shares of HAIN. Geode Capital Management LLC lifted its position in shares of The Hain Celestial Group by 0.7% in the fourth quarter. Geode Capital Management LLC now owns 2,243,999 shares of the company’s stock valued at $13,803,000 after buying an additional 14,818 shares during the last quarter. Franklin Resources Inc. lifted its holdings in 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 purchasing an additional 3,732 shares during the last quarter. Wellington Management Group LLP acquired a new stake in The Hain Celestial Group during the 4th quarter valued at $14,322,000. Clearbridge Investments LLC increased its holdings in shares of The Hain Celestial Group by 16.8% in the fourth quarter. Clearbridge Investments LLC now owns 1,283,033 shares of the company’s stock valued at $7,891,000 after purchasing an additional 184,620 shares during the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC raised its position 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 valued at $38,276,000 after purchasing an additional 555,195 shares during the period. Institutional investors own 97.01% of the company’s stock.

About The Hain Celestial Group

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.