Louisiana State Employees Retirement System Lowers Stock Holdings in The Hain Celestial Group, Inc. (NASDAQ:HAIN)

Louisiana State Employees Retirement System cut its stake in shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN) by 4.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 43,400 shares of the company’s stock after selling 1,800 shares during the quarter. Louisiana State Employees Retirement System’s holdings in The Hain Celestial Group were worth $375,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of HAIN. Creative Planning lifted its stake in The Hain Celestial Group by 3.6% in the third quarter. Creative Planning now owns 36,298 shares of the company’s stock worth $313,000 after acquiring an additional 1,272 shares during the period. CWM LLC lifted its position in shares of The Hain Celestial Group by 14.5% in the 3rd quarter. CWM LLC now owns 10,098 shares of the company’s stock worth $87,000 after purchasing an additional 1,276 shares during the period. Illinois Municipal Retirement Fund boosted its stake in shares of The Hain Celestial Group by 3.3% during the first quarter. Illinois Municipal Retirement Fund now owns 54,172 shares of the company’s stock valued at $426,000 after purchasing an additional 1,710 shares in the last quarter. First Trust Direct Indexing L.P. increased its holdings in The Hain Celestial Group by 13.0% during the first quarter. First Trust Direct Indexing L.P. now owns 16,404 shares of the company’s stock valued at $129,000 after buying an additional 1,885 shares during the period. Finally, Signaturefd LLC raised its stake in The Hain Celestial Group by 125.9% in the second quarter. Signaturefd LLC now owns 3,994 shares of the company’s stock worth $28,000 after buying an additional 2,226 shares in the last quarter. Institutional investors own 97.01% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on HAIN shares. DA Davidson reaffirmed a “neutral” rating and set a $8.00 target price on shares of The Hain Celestial Group in a research report on Wednesday, August 28th. Barclays raised their price objective on The Hain Celestial Group from $7.00 to $9.00 and gave the company an “equal weight” rating in a research report on Thursday, August 29th. Stifel Nicolaus boosted their target price on shares of The Hain Celestial Group from $8.00 to $9.00 and gave the stock a “hold” rating in a report on Wednesday, August 28th. Finally, Piper Sandler reaffirmed a “neutral” rating and issued a $8.00 price objective on shares of The Hain Celestial Group in a research report on Thursday, September 19th. Six equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $9.57.

Insider Buying and Selling

In other news, insider Chad D. Marquardt purchased 5,300 shares of the company’s stock in a transaction 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 purchase, the insider now owns 15,300 shares in the company, valued at $127,296. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.83% of the stock is currently owned by company insiders.

The Hain Celestial Group Stock Performance

HAIN opened at $8.90 on Thursday. The company has a market cap of $799.67 million, a P/E ratio of -10.60 and a beta of 0.74. 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 firm’s 50-day moving average price is $8.43 and its 200-day moving average price is $7.55. The Hain Celestial Group, Inc. has a 52-week low of $5.68 and a 52-week high of $12.49.

The Hain Celestial Group (NASDAQ:HAIN) last issued its quarterly earnings results on Tuesday, August 27th. The company reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.05. The Hain Celestial Group had a negative net margin of 4.32% and a positive return on equity of 3.10%. The business had revenue of $419.00 million for the quarter, compared to analyst estimates of $417.99 million. During the same quarter in the prior year, the business posted $0.11 EPS. The Hain Celestial Group’s revenue for the quarter was down 6.4% compared to the same quarter last year. As a group, equities analysts anticipate that The Hain Celestial Group, Inc. will post 0.48 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.