The Hain Celestial Group (NASDAQ:HAIN) Price Target Cut to $11.00 by Analysts at Mizuho

The Hain Celestial Group (NASDAQ:HAIN) had its price target reduced by Mizuho from $12.00 to $11.00 in a report issued on Monday morning, MarketBeat.com reports. Mizuho currently has a neutral rating on the stock.

HAIN has been the topic of a number of other research reports. Maxim Group reaffirmed a buy rating and set a $30.00 target price on shares of The Hain Celestial Group in a research report on Thursday, September 14th. Stephens initiated coverage on shares of The Hain Celestial Group in a research report on Thursday, June 22nd. They set an overweight rating and a $17.00 price objective for the company. JPMorgan Chase & Co. decreased their target price on The Hain Celestial Group from $14.00 to $11.00 and set a neutral rating on the stock in a research report on Monday, August 28th. Barclays cut their price target on The Hain Celestial Group from $14.00 to $12.00 and set an equal weight rating for the company in a report on Friday. Finally, Stifel Nicolaus reduced their price objective on The Hain Celestial Group from $13.00 to $11.00 and set a hold rating for the company in a research report on Thursday, September 14th. Seven analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of Hold and an average target price of $17.27.

The Hain Celestial Group Stock Performance

NASDAQ:HAIN opened at $9.63 on Monday. The firm has a market capitalization of $861.63 million, a PE ratio of -7.41 and a beta of 0.94. The Hain Celestial Group has a 1 year low of $9.36 and a 1 year high of $22.14. The company has a current ratio of 2.56, a quick ratio of 1.22 and a debt-to-equity ratio of 0.81. The firm’s fifty day simple moving average is $11.65 and its 200 day simple moving average is $13.86.

The Hain Celestial Group (NASDAQ:HAIN) last posted its quarterly earnings data on Thursday, August 24th. The company reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.01. The Hain Celestial Group had a positive return on equity of 4.30% and a negative net margin of 6.49%. The business had revenue of $447.80 million for the quarter, compared to analyst estimates of $435.61 million. During the same period in the previous year, the company posted $0.08 earnings per share. The firm’s revenue for the quarter was down 2.0% on a year-over-year basis. On average, sell-side analysts anticipate that The Hain Celestial Group will post 0.45 EPS for the current year.

Hedge Funds Weigh In On The Hain Celestial Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HAIN. Portside Wealth Group LLC bought a new position in shares of The Hain Celestial Group in the second quarter valued at approximately $180,000. Teachers Retirement System of The State of Kentucky raised its position in The Hain Celestial Group by 5.8% in the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 30,050 shares of the company’s stock valued at $376,000 after purchasing an additional 1,651 shares during the last quarter. Nuveen Asset Management LLC boosted its stake in The Hain Celestial Group by 36.9% in the second quarter. Nuveen Asset Management LLC now owns 340,193 shares of the company’s stock worth $4,256,000 after purchasing an additional 91,636 shares in the last quarter. Woodline Partners LP bought a new stake in shares of The Hain Celestial Group during the second quarter worth $906,000. Finally, XTX Topco Ltd acquired a new stake in shares of The Hain Celestial Group in the second quarter valued at $308,000. 89.11% 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.