Mizuho Trims The Hain Celestial Group (NASDAQ:HAIN) Target Price to $10.00

The Hain Celestial Group (NASDAQ:HAINGet Free Report) had its price objective decreased by analysts at Mizuho from $11.00 to $10.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The firm currently has a “neutral” rating on the stock. Mizuho’s price objective points to a potential upside of 37.74% from the company’s previous close.

Other research analysts have also issued research reports about the company. Maxim Group cut their price target on The Hain Celestial Group from $25.00 to $18.00 and set a “buy” rating on the stock in a report on Thursday, February 8th. DA Davidson initiated coverage on The Hain Celestial Group in a report on Friday, March 1st. They issued a “neutral” rating and a $10.00 target price on the stock. Finally, JPMorgan Chase & Co. decreased their price target on shares of The Hain Celestial Group from $11.00 to $10.00 and set a “neutral” rating for the company in a research note on Thursday, February 8th. Eight investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $13.40.

Read Our Latest Stock Analysis on HAIN

The Hain Celestial Group Stock Performance

NASDAQ:HAIN opened at $7.26 on Wednesday. The company has a quick ratio of 1.14, a current ratio of 2.24 and a debt-to-equity ratio of 0.81. The Hain Celestial Group has a twelve month low of $7.22 and a twelve month high of $18.33. The company has a fifty day moving average of $9.42 and a 200-day moving average of $10.27. The firm has a market capitalization of $652.17 million, a P/E ratio of -4.10 and a beta of 0.68.

The Hain Celestial Group (NASDAQ:HAINGet Free Report) last posted its quarterly earnings results on Wednesday, February 7th. The company reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.01. The Hain Celestial Group had a negative net margin of 8.88% and a positive return on equity of 2.48%. The firm had revenue of $454.10 million during the quarter, compared to the consensus estimate of $461.31 million. The business’s revenue was up .0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.20 earnings per share. As a group, sell-side analysts anticipate that The Hain Celestial Group will post 0.29 EPS for the current year.

Insider Activity

In other The Hain Celestial Group news, CEO Wendy P. Davidson bought 5,000 shares of the business’s stock in a transaction on Tuesday, February 13th. The stock was purchased at an average price of $9.46 per share, for a total transaction of $47,300.00. Following the completion of the transaction, the chief executive officer now directly owns 58,309 shares of the company’s stock, valued at $551,603.14. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.72% of the company’s stock.

Hedge Funds Weigh In On The Hain Celestial Group

Hedge funds have recently bought and sold shares of the company. Charles Schwab Investment Management Inc. increased its holdings in shares of The Hain Celestial Group by 12.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,634,353 shares of the company’s stock worth $16,948,000 after purchasing an additional 179,061 shares during the period. Tudor Investment Corp Et Al grew its position in The Hain Celestial Group by 469.6% in the third quarter. Tudor Investment Corp Et Al now owns 226,081 shares of the company’s stock worth $2,344,000 after acquiring an additional 186,391 shares in the last quarter. Assenagon Asset Management S.A. increased its stake in The Hain Celestial Group by 40.7% in the fourth quarter. Assenagon Asset Management S.A. now owns 380,947 shares of the company’s stock valued at $4,171,000 after acquiring an additional 110,184 shares during the last quarter. ProShare Advisors LLC raised its position in The Hain Celestial Group by 7.6% during the second quarter. ProShare Advisors LLC now owns 13,971 shares of the company’s stock valued at $175,000 after purchasing an additional 986 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its stake in The Hain Celestial Group by 11.9% during the third quarter. The Manufacturers Life Insurance Company now owns 3,752,498 shares of the company’s stock worth $38,913,000 after purchasing an additional 398,441 shares during the last quarter. Hedge funds and other institutional investors own 97.01% of the company’s stock.

About The Hain Celestial Group

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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.

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