US Bancorp DE Purchases 1,815 Shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN)

US Bancorp DE raised its holdings in shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN) by 10.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,518 shares of the company’s stock after acquiring an additional 1,815 shares during the quarter. US Bancorp DE’s holdings in The Hain Celestial Group were worth $168,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the business. Millennium Management LLC boosted its holdings in shares of The Hain Celestial Group by 171.3% during the 2nd quarter. Millennium Management LLC now owns 2,634,718 shares of the company’s stock valued at $18,206,000 after purchasing an additional 1,663,542 shares during the last quarter. Invenomic Capital Management LP purchased a new position in shares of The Hain Celestial Group in the 1st quarter worth $11,294,000. Federated Hermes Inc. increased its holdings in shares of The Hain Celestial Group by 224.9% in the 2nd quarter. Federated Hermes Inc. now owns 860,471 shares of the company’s stock worth $5,946,000 after buying an additional 595,649 shares during the last quarter. AQR Capital Management LLC bought a new position in shares of The Hain Celestial Group in the 2nd quarter valued at about $3,942,000. Finally, Blair William & Co. IL boosted its holdings in shares of The Hain Celestial Group by 418.3% in the 1st quarter. Blair William & Co. IL now owns 366,948 shares of the company’s stock worth $2,884,000 after purchasing an additional 296,150 shares during the period. Institutional investors own 97.01% of the company’s stock.

Insider Transactions at The Hain Celestial Group

In other news, insider Chad D. Marquardt bought 5,300 shares of the firm’s stock in a transaction that occurred on Wednesday, September 4th. The stock was bought at an average price of $8.32 per share, with a total value of $44,096.00. Following the completion of the transaction, the insider now directly owns 15,300 shares of the company’s stock, valued at approximately $127,296. The trade was a 53.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.83% of the company’s stock.

The Hain Celestial Group Stock Performance

Shares of NASDAQ:HAIN opened at $6.86 on Friday. The company has a quick ratio of 1.05, a current ratio of 2.01 and a debt-to-equity ratio of 0.76. The company has a market capitalization of $618.70 million, a price-to-earnings ratio of -7.30 and a beta of 0.74. The firm has a 50 day moving average of $8.29 and a 200 day moving average of $7.58. The Hain Celestial Group, Inc. has a 52 week low of $5.68 and a 52 week high of $11.97.

The Hain Celestial Group (NASDAQ:HAIN) last released its quarterly earnings results on Thursday, November 7th. The company reported ($0.04) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.02). The Hain Celestial Group had a positive return on equity of 3.13% and a negative net margin of 4.94%. The company had revenue of $394.60 million during the quarter, compared to the consensus estimate of $394.24 million. During the same period in the previous year, the firm posted ($0.04) earnings per share. The company’s revenue was down 7.2% on a year-over-year basis. On average, sell-side analysts predict that The Hain Celestial Group, Inc. will post 0.46 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Stifel Nicolaus lifted their price objective on shares of 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. Barclays cut their price objective on The Hain Celestial Group from $9.00 to $8.00 and set an “equal weight” rating on the stock in a research report on Monday. Piper Sandler restated a “neutral” rating and issued a $8.00 target price on shares of The Hain Celestial Group in a research note on Thursday, September 19th. Finally, DA Davidson decreased their target price on The Hain Celestial Group from $9.00 to $8.00 and set a “neutral” rating for the company in a research report on Tuesday. Six equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, The Hain Celestial Group presently has a consensus rating of “Hold” and an average target price of $9.43.

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.