Mizuho Issues Pessimistic Forecast for The Hain Celestial Group (NASDAQ:HAIN) Stock Price

The Hain Celestial Group (NASDAQ:HAIN) had its price objective lowered by stock analysts at Mizuho from $7.00 to $4.50 in a report issued on Tuesday,Benzinga reports. The firm presently has a “neutral” rating on the stock. Mizuho’s price target would suggest a potential upside of 3.21% from the company’s previous close.

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

The Hain Celestial Group Trading Down 1.1 %

HAIN stock opened at $4.36 on Tuesday. The business has a fifty day moving average price of $5.85 and a 200 day moving average price of $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 has a fifty-two week low of $3.28 and a fifty-two week high of $10.07. The stock has a market capitalization of $393.23 million, a price-to-earnings 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 negative net margin of 4.94% and a positive return on equity of 3.13%. Analysts expect that The Hain Celestial Group will post 0.43 EPS for the current fiscal year.

Hedge Funds Weigh In On The Hain Celestial Group

Hedge funds have recently added to or reduced their stakes in the stock. Allworth Financial LP increased its stake in shares of The Hain Celestial Group by 433.5% in the 3rd quarter. Allworth Financial LP now owns 2,982 shares of the company’s stock valued at $26,000 after acquiring an additional 2,423 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. increased its stake in The Hain Celestial Group by 225.5% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 4,954 shares of the company’s stock valued at $43,000 after purchasing an additional 3,432 shares in the last quarter. Van ECK Associates Corp raised its holdings in The Hain Celestial Group by 49.0% in the fourth quarter. Van ECK Associates Corp now owns 10,805 shares of the company’s stock worth $66,000 after purchasing an additional 3,554 shares during the period. Virtu Financial LLC bought a new position in shares of The Hain Celestial Group during the fourth quarter worth $73,000. Finally, Grace & White Inc. NY bought a new stake in shares of The Hain Celestial Group in the 4th quarter valued at $86,000. 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.