The Hain Celestial Group (NASDAQ:HAIN) Price Target Lowered to $1.80 at Piper Sandler

The Hain Celestial Group (NASDAQ:HAIN) had its target price trimmed by Piper Sandler from $2.00 to $1.80 in a research note issued to investors on Tuesday morning,Benzinga reports. The firm currently has a neutral rating on the stock.

Several other analysts have also recently issued reports on the stock. Evercore ISI decreased their target price on shares of The Hain Celestial Group from $6.00 to $5.00 and set an “in-line” rating on the stock in a research report on Wednesday, April 23rd. Stifel Nicolaus reduced their price objective on shares of The Hain Celestial Group from $4.00 to $1.50 and set a “hold” rating on the stock in a research report on Thursday, May 8th. CL King reissued a “neutral” rating on shares of The Hain Celestial Group in a research report on Thursday, May 8th. Sanford C. Bernstein lowered shares of The Hain Celestial Group from an “outperform” rating to a “market perform” rating and set a $1.50 price objective on the stock. in a research report on Thursday, May 8th. Finally, Maxim Group reduced their price objective on shares of The Hain Celestial Group from $10.00 to $5.00 and set a “buy” rating on the stock in a research report on Thursday, May 8th. Nine analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, The Hain Celestial Group currently has a consensus rating of “Hold” and an average target price of $3.64.

The Hain Celestial Group Stock Down 1.1%

Shares of NASDAQ HAIN opened at $1.78 on Tuesday. The firm’s 50-day moving average price is $2.70 and its 200-day moving average price is $4.56. The company has a current ratio of 1.90, a quick ratio of 1.00 and a debt-to-equity ratio of 0.90. The stock has a market capitalization of $160.65 million, a price-to-earnings ratio of -0.92 and a beta of 1.05. The Hain Celestial Group has a 12-month low of $1.30 and a 12-month high of $9.43.

The Hain Celestial Group (NASDAQ:HAIN) last announced its earnings results on Wednesday, May 7th. The company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.05). The business had revenue of $390.35 million for the quarter, compared to analysts’ expectations of $414.45 million. The Hain Celestial Group had a negative net margin of 10.51% and a positive return on equity of 2.88%. The firm’s quarterly revenue was down 10.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.13 earnings per share. On average, equities research analysts anticipate that The Hain Celestial Group will post 0.4 EPS for the current fiscal year.

Insider Transactions at The Hain Celestial Group

In other The Hain Celestial Group news, Director Neil Campbell acquired 25,640 shares of the company’s stock in a transaction dated Thursday, May 22nd. The shares were purchased at an average cost of $1.93 per share, for a total transaction of $49,485.20. Following the completion of the purchase, the director now owns 62,929 shares in the company, valued at approximately $121,452.97. This trade represents a 68.76% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Dawn M. Zier acquired 200,000 shares of the company’s stock in a transaction dated Friday, May 9th. The shares were acquired at an average price of $1.60 per share, for a total transaction of $320,000.00. Following the completion of the purchase, the director now owns 288,229 shares of the company’s stock, valued at approximately $461,166.40. This represents a 226.68% increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 308,640 shares of company stock valued at $518,055. 0.83% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On The Hain Celestial Group

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Wealthfront Advisers LLC bought a new position in shares of The Hain Celestial Group during the fourth quarter valued at approximately $370,371,000. Barrow Hanley Mewhinney & Strauss LLC boosted its stake in shares of The Hain Celestial Group by 9.8% during the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 6,223,817 shares of the company’s stock valued at $38,276,000 after purchasing an additional 555,195 shares in the last quarter. Invesco Ltd. boosted its stake in shares of The Hain Celestial Group by 272.4% during the fourth quarter. Invesco Ltd. now owns 5,870,075 shares of the company’s stock valued at $36,101,000 after purchasing an additional 4,293,945 shares in the last quarter. Millennium Management LLC boosted its stake in shares of The Hain Celestial Group by 295.4% during the first quarter. Millennium Management LLC now owns 4,731,690 shares of the company’s stock valued at $19,637,000 after purchasing an additional 3,535,073 shares in the last quarter. Finally, Frontier Capital Management Co. LLC boosted its stake in shares of The Hain Celestial Group by 512.0% during the fourth quarter. Frontier Capital Management Co. LLC now owns 2,520,722 shares of the company’s stock valued at $15,502,000 after purchasing an additional 2,108,845 shares in the last quarter. 97.01% of the stock is currently owned by institutional investors.

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.