The Hain Celestial Group (NASDAQ:HAIN) Price Target Cut to $31.00 by Analysts at Mizuho

The Hain Celestial Group (NASDAQ:HAINGet Rating) had its target price dropped by equities research analysts at Mizuho from $44.00 to $31.00 in a note issued to investors on Monday, The Fly reports. Mizuho’s price objective indicates a potential upside of 22.92% from the stock’s previous close.

A number of other equities analysts have also commented on the company. TheStreet raised The Hain Celestial Group from a “c+” rating to a “b” rating in a research note on Thursday, April 28th. Consumer Edge raised shares of The Hain Celestial Group from an “equal weight” rating to an “overweight” rating in a report on Tuesday, February 8th. StockNews.com began coverage on shares of The Hain Celestial Group in a research note on Thursday, March 31st. They issued a “hold” rating for the company. Cfra decreased their price target on shares of The Hain Celestial Group from $55.00 to $53.00 and set a “buy” rating on the stock in a research note on Friday, February 4th. Finally, Jefferies Financial Group started coverage on shares of The Hain Celestial Group in a research report on Friday, March 18th. They issued a “hold” rating and a $41.00 price objective for the company. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, The Hain Celestial Group presently has an average rating of “Buy” and an average target price of $46.83.

Shares of HAIN stock opened at $25.22 on Monday. The company has a market capitalization of $2.30 billion, a P/E ratio of 21.02 and a beta of 0.70. The Hain Celestial Group has a 12-month low of $24.85 and a 12-month high of $48.88. The company has a quick ratio of 0.97, a current ratio of 1.98 and a debt-to-equity ratio of 0.72. The firm has a 50-day moving average price of $33.67 and a 200 day moving average price of $37.92.

The Hain Celestial Group (NASDAQ:HAINGet Rating) last posted its earnings results on Thursday, May 5th. The company reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.12). The firm had revenue of $502.94 million during the quarter, compared to the consensus estimate of $524.57 million. The Hain Celestial Group had a net margin of 6.12% and a return on equity of 9.66%. The business’s revenue was up 2.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.44 EPS. As a group, research analysts expect that The Hain Celestial Group will post 1.52 earnings per share for the current year.

In other The Hain Celestial Group news, Director Glenn W. Welling sold 10,833 shares of the company’s stock in a transaction on Friday, March 4th. The shares were sold at an average price of $34.98, for a total transaction of $378,938.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Glenn W. Welling sold 350,000 shares of the firm’s stock in a transaction on Wednesday, March 2nd. The stock was sold at an average price of $36.03, for a total value of $12,610,500.00. The disclosure for this sale can be found here. Insiders own 16.90% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of HAIN. Black Creek Investment Management Inc. raised its stake in The Hain Celestial Group by 1.2% in the first quarter. Black Creek Investment Management Inc. now owns 5,653,401 shares of the company’s stock valued at $194,477,000 after buying an additional 66,371 shares during the period. KBC Group NV lifted its position in shares of The Hain Celestial Group by 885.9% during the 1st quarter. KBC Group NV now owns 12,570 shares of the company’s stock valued at $432,000 after acquiring an additional 11,295 shares during the period. Russell Investments Group Ltd. lifted its position in The Hain Celestial Group by 7.7% during the first quarter. Russell Investments Group Ltd. now owns 27,829 shares of the company’s stock worth $956,000 after purchasing an additional 1,986 shares during the period. California Public Employees Retirement System boosted its position in shares of The Hain Celestial Group by 2.5% during the 1st quarter. California Public Employees Retirement System now owns 182,017 shares of the company’s stock worth $6,261,000 after acquiring an additional 4,392 shares in the last quarter. Finally, Advisor Group Holdings Inc. boosted its holdings in shares of The Hain Celestial Group by 4.5% in the 1st quarter. Advisor Group Holdings Inc. now owns 9,772 shares of the company’s stock valued at $327,000 after purchasing an additional 425 shares in the last quarter. Institutional investors own 94.98% of the company’s stock.

About The Hain Celestial Group (Get Rating)

The Hain Celestial Group, Inc manufactures, markets, and sells organic and natural products in United States, United Kingdom, 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, almond, and coconut; and condiments.

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