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

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

Several other research firms also recently commented on HAIN. Stifel Nicolaus lowered their price objective on shares of The Hain Celestial Group from $4.00 to $1.50 and set a “hold” rating for the company in a research note on Thursday, May 8th. JPMorgan Chase & Co. lowered their price objective on shares of The Hain Celestial Group from $6.00 to $5.00 and set a “neutral” rating for the company in a research note on Friday, March 14th. CL King reissued a “neutral” rating on shares of The Hain Celestial Group in a report on Thursday, May 8th. Evercore ISI reduced their target price on shares of The Hain Celestial Group from $6.00 to $5.00 and set an “in-line” rating for the company in a report on Wednesday, April 23rd. Finally, Maxim Group reduced their target price on shares of The Hain Celestial Group from $10.00 to $5.00 and set a “buy” rating for the company in a report on Thursday, May 8th. Nine equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $3.64.

The Hain Celestial Group Price Performance

Shares of HAIN opened at $1.78 on Tuesday. The Hain Celestial Group has a twelve month low of $1.30 and a twelve month high of $9.43. The company has a 50 day moving average of $2.70 and a two-hundred day moving average of $4.56. The company has a quick ratio of 1.00, a current ratio of 1.90 and a debt-to-equity ratio of 0.90. The company has a market cap of $160.65 million, a price-to-earnings ratio of -0.92 and a beta of 1.05.

The Hain Celestial Group (NASDAQ:HAIN) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.05). The Hain Celestial Group had a positive return on equity of 2.88% and a negative net margin of 10.51%. The company had revenue of $390.35 million for the quarter, compared to analyst estimates of $414.45 million. During the same quarter in the previous year, the firm posted $0.13 earnings per share. The company’s quarterly revenue was down 10.9% on a year-over-year basis. As a group, analysts predict that The Hain Celestial Group will post 0.4 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Celeste A. Clark acquired 83,000 shares of the business’s stock in a transaction on Tuesday, May 13th. The stock was bought at an average price of $1.79 per share, with a total value of $148,570.00. Following the completion of the acquisition, the director now owns 83,000 shares of the company’s stock, valued at approximately $148,570. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Dawn M. Zier acquired 200,000 shares of the business’s stock in a transaction on Friday, May 9th. The stock was purchased at an average cost of $1.60 per share, with a total value of $320,000.00. Following the acquisition, the director now directly owns 288,229 shares of the company’s stock, valued at $461,166.40. This represents a 226.68% increase in their position. The disclosure for this purchase can be found here. Insiders acquired a total of 308,640 shares of company stock valued at $518,055 over the last 90 days. Insiders own 0.83% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Inspire Investing LLC increased its holdings in The Hain Celestial Group by 24.3% in the first quarter. Inspire Investing LLC now owns 81,122 shares of the company’s stock valued at $337,000 after buying an additional 15,851 shares in the last quarter. Empowered Funds LLC purchased a new stake in shares of The Hain Celestial Group during the first quarter worth about $444,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of The Hain Celestial Group during the first quarter worth about $162,000. Millennium Management LLC increased 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 worth $19,637,000 after purchasing an additional 3,535,073 shares in the last quarter. Finally, Invenomic Capital Management LP increased its stake in shares of The Hain Celestial Group by 7.7% during the first quarter. Invenomic Capital Management LP now owns 2,174,523 shares of the company’s stock worth $9,024,000 after purchasing an additional 155,534 shares in the last quarter. Hedge funds and other 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.