Thrivent Financial for Lutherans Cuts Stock Position in The Hain Celestial Group, Inc. (NASDAQ:HAIN)

Thrivent Financial for Lutherans lessened its holdings in The Hain Celestial Group, Inc. (NASDAQ:HAIN) by 4.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 74,756 shares of the company’s stock after selling 3,347 shares during the quarter. Thrivent Financial for Lutherans owned 0.08% of The Hain Celestial Group worth $517,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Signaturefd LLC boosted its stake 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 worth $28,000 after acquiring an additional 2,226 shares in the last quarter. nVerses Capital LLC boosted its holdings in The Hain Celestial Group by 161.1% during the 2nd quarter. nVerses Capital LLC now owns 4,700 shares of the company’s stock valued at $32,000 after acquiring an additional 2,900 shares during the period. CWM LLC lifted its holdings in The Hain Celestial Group by 357.8% during the 2nd quarter. CWM LLC now owns 8,822 shares of the company’s stock worth $61,000 after buying an additional 6,895 shares in the last quarter. Choreo LLC acquired a new position in The Hain Celestial Group during the 2nd quarter worth $71,000. Finally, Intech Investment Management LLC purchased a new position in The Hain Celestial Group in the second quarter worth approximately $82,000. Institutional investors and hedge funds own 97.01% of the company’s stock.

The Hain Celestial Group Trading Down 1.6 %

Shares of The Hain Celestial Group stock opened at $8.71 on Wednesday. The business’s fifty day moving average is $7.75 and its two-hundred day moving average is $7.28. The Hain Celestial Group, Inc. has a fifty-two week low of $5.68 and a fifty-two week high of $12.49. The firm has a market cap of $782.54 million, a PE ratio of -8.54 and a beta of 0.75. The company has a quick ratio of 1.01, a current ratio of 1.98 and a debt-to-equity ratio of 0.78.

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

Insider Activity

In other The Hain Celestial Group news, insider Chad D. Marquardt purchased 5,300 shares of the business’s stock in a transaction that occurred on Wednesday, September 4th. The shares were acquired at an average price of $8.32 per share, for a total transaction of $44,096.00. Following the completion of the purchase, the insider now owns 15,300 shares in the company, valued at $127,296. The trade was a 0.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.72% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Barclays increased their price objective on The Hain Celestial Group from $7.00 to $9.00 and gave the company an “equal weight” rating in a report on Thursday, August 29th. Piper Sandler restated a “neutral” rating and set a $8.00 price objective on shares of The Hain Celestial Group in a research report on Thursday, September 19th. DA Davidson reissued a “neutral” rating and issued a $8.00 target price on shares of The Hain Celestial Group in a report on Wednesday, August 28th. Finally, Stifel Nicolaus boosted their target price on The Hain Celestial Group from $8.00 to $9.00 and gave the stock a “hold” rating in a research report on Wednesday, August 28th. 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 stock has a consensus rating of “Hold” and an average price target of $10.88.

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.