The Hain Celestial Group, Inc. (NASDAQ:HAIN – Get Free Report) shares dropped 2.8% on Wednesday after Mizuho lowered their price target on the stock from $11.00 to $10.00. Mizuho currently has a neutral rating on the stock. The Hain Celestial Group traded as low as $7.01 and last traded at $7.06. Approximately 242,721 shares traded hands during mid-day trading, a decline of 78% from the average daily volume of 1,119,563 shares. The stock had previously closed at $7.26.
Several other research analysts have also commented on HAIN. Maxim Group decreased their price target on shares of The Hain Celestial Group from $25.00 to $18.00 and set a “buy” rating for the company in a report on Thursday, February 8th. DA Davidson initiated coverage on shares of The Hain Celestial Group in a report on Friday, March 1st. They issued a “neutral” rating and a $10.00 price target for the company. Finally, JPMorgan Chase & Co. 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 Thursday, February 8th. Eight research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $13.40.
Insiders Place Their Bets
In related news, CEO Wendy P. Davidson purchased 5,000 shares of the company’s stock in a transaction on Tuesday, February 13th. The shares were bought at an average cost of $9.46 per share, for a total transaction of $47,300.00. Following the transaction, the chief executive officer now owns 58,309 shares of the company’s stock, valued at $551,603.14. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.72% of the stock is owned by insiders.
Institutional Trading of The Hain Celestial Group
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. raised its holdings in shares of The Hain Celestial Group by 2.0% in the 3rd quarter. Vanguard Group Inc. now owns 11,015,166 shares of the company’s stock worth $114,227,000 after purchasing an additional 219,733 shares in the last quarter. Alliancebernstein L.P. raised its holdings in shares of The Hain Celestial Group by 17.2% in the 4th quarter. Alliancebernstein L.P. now owns 7,152,677 shares of the company’s stock worth $115,730,000 after purchasing an additional 1,051,217 shares in the last quarter. PGGM Investments raised its holdings in shares of The Hain Celestial Group by 12.6% in the 3rd quarter. PGGM Investments now owns 4,131,942 shares of the company’s stock worth $42,848,000 after purchasing an additional 462,919 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of The Hain Celestial Group by 11.9% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 3,752,498 shares of the company’s stock worth $38,913,000 after purchasing an additional 398,441 shares in the last quarter. Finally, State Street Corp raised its holdings in shares of The Hain Celestial Group by 1.2% during the first quarter. State Street Corp now owns 3,399,117 shares of the company’s stock valued at $58,295,000 after acquiring an additional 38,991 shares during the period. 97.01% of the stock is currently owned by institutional investors.
The Hain Celestial Group Price Performance
The stock’s fifty day moving average price is $9.42 and its 200-day moving average price is $10.27. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.24 and a quick ratio of 1.14. The firm has a market cap of $629.71 million, a price-to-earnings ratio of -4.04 and a beta of 0.68.
The Hain Celestial Group (NASDAQ:HAIN – Get Free Report) last released its quarterly earnings results on Wednesday, February 7th. The company reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.01. The Hain Celestial Group had a negative net margin of 8.88% and a positive return on equity of 2.48%. The business had revenue of $454.10 million for the quarter, compared to analyst estimates of $461.31 million. During the same quarter in the previous year, the business earned $0.20 earnings per share. The firm’s revenue was up .0% compared to the same quarter last year. Equities research analysts predict that The Hain Celestial Group, Inc. will post 0.29 EPS for the current fiscal year.
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.