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

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

Other equities analysts have also issued reports about the stock. Piper Sandler reduced their target price on shares of The Hain Celestial Group from $8.00 to $7.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Barclays cut their price objective on shares of 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. JPMorgan Chase & Co. cut their price objective on shares of 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. Stifel Nicolaus cut their price objective on shares of 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. Finally, DA Davidson cut their price objective on shares of 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. Six research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, The Hain Celestial Group currently has a consensus rating of “Hold” and a consensus target price of $6.64.

The Hain Celestial Group Stock Performance

Shares of NASDAQ:HAIN opened at $4.41 on Tuesday. The firm has a market cap of $397.74 million, a PE ratio of -4.69 and a beta of 0.74. The firm’s 50 day simple moving average is $5.93 and its 200-day simple moving average is $7.24. The Hain Celestial Group has a one year low of $3.28 and a one year high of $10.07. 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 (NASDAQ:HAIN) last issued its earnings results on Monday, February 10th. The company reported $0.08 EPS 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%. As a group, equities analysts predict that The Hain Celestial Group will post 0.43 EPS for the current year.

Institutional Investors Weigh In On The Hain Celestial Group

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Creative Planning lifted its stake in shares of The Hain Celestial Group by 3.6% during the third quarter. Creative Planning now owns 36,298 shares of the company’s stock worth $313,000 after buying an additional 1,272 shares during the period. CWM LLC lifted its stake in shares of 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 buying an additional 1,276 shares during the period. US Bancorp DE lifted its stake in shares of The Hain Celestial Group by 10.3% during the third quarter. US Bancorp DE now owns 19,518 shares of the company’s stock worth $168,000 after buying an additional 1,815 shares during the period. Illinois Municipal Retirement Fund lifted its position in The Hain Celestial Group by 4.4% during the fourth quarter. Illinois Municipal Retirement Fund now owns 49,113 shares of the company’s stock valued at $302,000 after purchasing an additional 2,091 shares during the period. Finally, FMR LLC lifted its position in The Hain Celestial Group by 14.9% during the third quarter. FMR LLC now owns 17,580 shares of the company’s stock valued at $152,000 after purchasing an additional 2,280 shares during the period. 97.01% of the stock is currently owned by institutional investors and hedge funds.

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.