Piper Sandler Trims The Hain Celestial Group (NASDAQ:HAIN) Target Price to $8.00

The Hain Celestial Group (NASDAQ:HAIN) had its target price decreased by stock analysts at Piper Sandler from $11.00 to $8.00 in a research note issued on Thursday, Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Piper Sandler’s price target points to a potential upside of 20.30% from the company’s current price.

A number of other research analysts also recently weighed in on the company. Maxim Group lowered 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. JPMorgan Chase & Co. dropped their target price on The Hain Celestial Group from $11.00 to $10.00 and set a “neutral” rating on the stock in a report on Thursday, February 8th. Mizuho 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 report on Wednesday, April 3rd. DA Davidson initiated coverage on shares of The Hain Celestial Group in a research note on Friday, March 1st. They issued a “neutral” rating and a $10.00 price objective on the stock. Finally, Stifel Nicolaus decreased their target price on shares of The Hain Celestial Group from $10.00 to $8.00 and set a “hold” rating for the company in a research note on Friday, April 26th. Eight equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $12.20.

The Hain Celestial Group Stock Performance

HAIN opened at $6.65 on Thursday. The business has a fifty day simple moving average of $7.45 and a 200-day simple moving average of $9.55. The firm has a market cap of $597.38 million, a PE ratio of -3.76 and a beta of 0.74. 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 fifty-two week low of $5.68 and a fifty-two week high of $16.57.

The Hain Celestial Group (NASDAQ:HAIN) last posted its quarterly earnings data on Wednesday, May 8th. The company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.06. The Hain Celestial Group had a positive return on equity of 2.48% and a negative net margin of 8.88%. The firm had revenue of $438.36 million for the quarter, compared to the consensus estimate of $463.37 million. During the same quarter in the previous year, the company earned $0.08 EPS. The business’s revenue for the quarter was down 3.7% compared to the same quarter last year. As a group, equities analysts predict that The Hain Celestial Group will post 0.29 EPS for the current fiscal year.

Insider Activity at The Hain Celestial Group

In other The Hain Celestial Group news, CEO Wendy P. Davidson bought 5,000 shares of the stock in a transaction on Tuesday, February 13th. The shares were purchased at an average cost of $9.46 per share, with a total value 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 approximately $551,603.14. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.72% of the stock is owned by company insiders.

Institutional Investors Weigh In On The Hain Celestial Group

A number of large investors have recently added to or reduced their stakes in HAIN. Vanguard Group Inc. lifted its stake in shares of The Hain Celestial Group by 2.0% in the third quarter. Vanguard Group Inc. now owns 11,015,166 shares of the company’s stock worth $114,227,000 after buying an additional 219,733 shares during the last quarter. PGGM Investments lifted its position in The Hain Celestial Group by 12.6% during the 3rd quarter. PGGM Investments now owns 4,131,942 shares of the company’s stock worth $42,848,000 after acquiring an additional 462,919 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings 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 valued at $38,913,000 after acquiring an additional 398,441 shares during the period. Sasco Capital Inc. CT grew its position in shares of The Hain Celestial Group by 55.6% in the third quarter. Sasco Capital Inc. CT now owns 2,283,359 shares of the company’s stock valued at $23,678,000 after purchasing an additional 816,070 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of The Hain Celestial Group by 14.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,863,497 shares of the company’s stock worth $20,405,000 after purchasing an additional 229,144 shares during the period. Institutional investors own 97.01% of the company’s stock.

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.