Mackenzie Financial Corp Purchases New Shares in The Hain Celestial Group, Inc. (NASDAQ:HAIN)

Mackenzie Financial Corp purchased a new stake in The Hain Celestial Group, Inc. (NASDAQ:HAIN) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 20,103 shares of the company’s stock, valued at approximately $139,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Signaturefd LLC boosted its position in shares of The Hain Celestial Group by 125.9% in 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 lifted 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 acquiring an additional 2,900 shares in the last quarter. CWM LLC lifted its stake in The Hain Celestial Group by 357.8% in the 2nd quarter. CWM LLC now owns 8,822 shares of the company’s stock worth $61,000 after acquiring an additional 6,895 shares in the last quarter. Choreo LLC purchased a new stake in The Hain Celestial Group in the 2nd quarter worth about $71,000. Finally, Evergreen Capital Management LLC purchased a new stake in The Hain Celestial Group in the 2nd quarter worth about $72,000. Institutional investors and hedge funds own 97.01% of the company’s stock.

The Hain Celestial Group Stock Up 1.5 %

HAIN opened at $8.85 on Tuesday. The Hain Celestial Group, Inc. has a fifty-two week low of $5.68 and a fifty-two week high of $12.49. The business has a 50-day moving average of $7.72 and a 200-day moving average of $7.27. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.98 and a quick ratio of 1.01. The company has a market capitalization of $795.12 million, a PE ratio of -8.68 and a beta of 0.75.

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

Insider Activity at The Hain Celestial Group

In related news, insider Chad D. Marquardt acquired 5,300 shares of the business’s stock in a transaction that occurred on Wednesday, September 4th. The shares were acquired at an average cost of $8.32 per share, with a total value of $44,096.00. Following the purchase, the insider now owns 15,300 shares of the company’s stock, valued at approximately $127,296. The trade was a 0.00 % increase in their ownership of the stock. The acquisition 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 company insiders.

Analyst Ratings Changes

HAIN has been the subject of several research analyst reports. Piper Sandler reissued a “neutral” rating and issued a $8.00 price objective on shares of The Hain Celestial Group in a research note on Thursday, September 19th. Stifel Nicolaus increased their price objective on The Hain Celestial Group from $8.00 to $9.00 and gave the stock a “hold” rating in a research note on Wednesday, August 28th. DA Davidson reissued a “neutral” rating and issued a $8.00 price objective on shares of The Hain Celestial Group in a research note on Wednesday, August 28th. Finally, Barclays raised their price target on The Hain Celestial Group from $7.00 to $9.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 29th. Seven 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, The Hain Celestial Group has a consensus rating of “Hold” and a consensus price target of $10.88.

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.