Mizuho Cuts The Hain Celestial Group (NASDAQ:HAIN) Price Target to $4.50

The Hain Celestial Group (NASDAQ:HAIN) had its price objective trimmed by Mizuho from $7.00 to $4.50 in a research report released on Tuesday morning,Benzinga reports. The brokerage currently has a neutral rating on the stock.

Other analysts have also issued research reports about the company. Barclays decreased their price target on The Hain Celestial Group from $8.00 to $6.00 and set an “equal weight” rating on the stock in a report on Friday, January 17th. DA Davidson decreased 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. Stifel Nicolaus decreased their price target on The Hain Celestial Group from $9.00 to $7.00 and set a “hold” rating on the stock in a report on Friday, January 24th. JPMorgan Chase & Co. reduced 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 note on Monday, February 3rd. Finally, Piper Sandler reduced their target price on The Hain Celestial Group from $8.00 to $7.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Seven equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $6.56.

The Hain Celestial Group Stock Up 1.8 %

Shares of HAIN opened at $4.44 on Tuesday. The stock has a market capitalization of $400.44 million, a price-to-earnings ratio of -4.72 and a beta of 0.74. The Hain Celestial Group has a 1 year low of $3.28 and a 1 year high of $10.07. The business’s 50 day simple moving average is $5.85 and its 200-day simple moving average is $7.22. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.01 and a quick ratio of 1.05.

The Hain Celestial Group (NASDAQ:HAIN) last issued its quarterly earnings data 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 positive return on equity of 3.13% and a negative net margin of 4.94%. As a group, equities analysts expect that The Hain Celestial Group will post 0.43 earnings per share for the current fiscal year.

Institutional Investors Weigh In On The Hain Celestial Group

A number of institutional investors and hedge funds have recently modified their holdings of HAIN. Wealthfront Advisers LLC acquired a new stake in shares of The Hain Celestial Group during the fourth quarter worth about $370,371,000. Invesco Ltd. lifted its holdings in shares of The Hain Celestial Group by 272.4% during 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 during the period. Wellington Management Group LLP acquired a new stake in shares of The Hain Celestial Group during the fourth quarter worth about $14,322,000. Madison Investment Advisors LLC acquired a new stake in shares of The Hain Celestial Group during the fourth quarter worth about $3,583,000. Finally, Barrow Hanley Mewhinney & Strauss LLC lifted its holdings in shares of The Hain Celestial Group by 9.8% during 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 during the period. Institutional investors and hedge funds 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.