Inspire Investing LLC Grows Holdings in The Hain Celestial Group, Inc. (NASDAQ:HAIN)

Inspire Investing LLC raised its position in shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN) by 15.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 51,909 shares of the company’s stock after purchasing an additional 6,770 shares during the quarter. Inspire Investing LLC owned 0.06% of The Hain Celestial Group worth $359,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Signaturefd LLC raised its position in shares of The Hain Celestial Group by 125.9% during the 2nd quarter. Signaturefd LLC now owns 3,994 shares of the company’s stock valued at $28,000 after purchasing an additional 2,226 shares during the period. nVerses Capital LLC increased its stake in The Hain Celestial Group by 161.1% in the 2nd quarter. nVerses Capital LLC now owns 4,700 shares of the company’s stock worth $32,000 after buying an additional 2,900 shares in the last quarter. Quadrant Capital Group LLC raised its holdings in The Hain Celestial Group by 204.3% during the fourth quarter. Quadrant Capital Group LLC now owns 8,221 shares of the company’s stock valued at $90,000 after acquiring an additional 5,519 shares during the period. CWM LLC lifted its position in shares of The Hain Celestial Group by 357.8% in the second quarter. CWM LLC now owns 8,822 shares of the company’s stock valued at $61,000 after acquiring an additional 6,895 shares in the last quarter. Finally, Choreo LLC bought a new position in shares of The Hain Celestial Group in the second quarter worth about $71,000. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Insider Buying and Selling at The Hain Celestial Group

In related news, insider Chad D. Marquardt bought 5,300 shares of the business’s stock in a transaction dated Wednesday, September 4th. The shares were purchased at an average price of $8.32 per share, with a total value of $44,096.00. Following the transaction, the insider now owns 15,300 shares in the company, valued at approximately $127,296. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.72% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Barclays lifted their target price on The Hain Celestial Group from $7.00 to $9.00 and gave the company an “equal weight” rating in a research note on Thursday, August 29th. Stifel Nicolaus lifted their price objective on shares of The Hain Celestial Group from $8.00 to $9.00 and gave the company a “hold” rating in a research report on Wednesday, August 28th. DA Davidson reaffirmed a “neutral” rating and set a $8.00 target price on shares of The Hain Celestial Group in a research note on Wednesday, August 28th. Finally, Piper Sandler reiterated a “neutral” rating and issued a $8.00 price target on shares of The Hain Celestial Group in a report on Thursday. Seven equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $10.88.

The Hain Celestial Group Trading Down 1.7 %

Shares of HAIN opened at $7.74 on Friday. The stock has a market capitalization of $695.39 million, a PE ratio of -7.59 and a beta of 0.75. The company’s fifty day moving average is $7.52 and its 200 day moving average is $7.32. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.01 and a current ratio of 1.98. The Hain Celestial Group, Inc. has a fifty-two week low of $5.68 and a fifty-two week high of $12.49.

The Hain Celestial Group (NASDAQ:HAIN) last posted its earnings results on Tuesday, August 27th. The company reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.05. The firm had revenue of $419.00 million for the quarter, compared to the consensus estimate of $417.99 million. The Hain Celestial Group had a negative net margin of 4.32% and a positive return on equity of 3.10%. The business’s quarterly revenue was down 6.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.11 EPS. Sell-side analysts expect that The Hain Celestial Group, Inc. will post 0.49 earnings per share for the current fiscal year.

The Hain Celestial Group 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.