Thrivent Financial for Lutherans Increases Holdings in The Hain Celestial Group, Inc. (NASDAQ:HAIN)

Thrivent Financial for Lutherans boosted its position in shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN) by 8.7% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 81,226 shares of the company’s stock after purchasing an additional 6,470 shares during the quarter. Thrivent Financial for Lutherans owned about 0.09% of The Hain Celestial Group worth $701,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Deerfield Management Company L.P. Series C increased its stake in shares of The Hain Celestial Group by 391.6% during the second quarter. Deerfield Management Company L.P. Series C now owns 124,589 shares of the company’s stock valued at $861,000 after buying an additional 99,246 shares during the period. First Eagle Investment Management LLC increased its position in The Hain Celestial Group by 12.1% during the 2nd quarter. First Eagle Investment Management LLC now owns 730,854 shares of the company’s stock valued at $5,050,000 after purchasing an additional 79,000 shares during the period. Cornercap Investment Counsel Inc. purchased a new position in The Hain Celestial Group during the 2nd quarter valued at about $479,000. Federated Hermes Inc. raised 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 valued at $5,946,000 after purchasing an additional 595,649 shares in the last quarter. Finally, Millennium Management LLC lifted its position in shares of The Hain Celestial Group by 171.3% in the 2nd quarter. Millennium Management LLC now owns 2,634,718 shares of the company’s stock worth $18,206,000 after purchasing an additional 1,663,542 shares during the period. 97.01% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently issued reports 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 company a “hold” rating in a report on Wednesday, August 28th. DA Davidson reduced their price target 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, November 12th. Piper Sandler restated a “neutral” rating and set a $8.00 price objective on shares of The Hain Celestial Group in a research note on Thursday, September 19th. Finally, Barclays cut their target price on The Hain Celestial Group from $9.00 to $8.00 and set an “equal weight” rating on the stock in a research note on Monday, November 11th. Six research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, The Hain Celestial Group has an average rating of “Hold” and an average price target of $9.43.

The Hain Celestial Group Stock Performance

Shares of HAIN opened at $8.32 on Wednesday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.05 and a current ratio of 2.01. The stock has a 50-day moving average of $8.31 and a two-hundred day moving average of $7.69. The stock has a market cap of $750.38 million, a P/E ratio of -8.85 and a beta of 0.71. The Hain Celestial Group, Inc. has a one year low of $5.68 and a one year high of $11.68.

The Hain Celestial Group (NASDAQ:HAIN) last announced its quarterly earnings data on Thursday, November 7th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.02). The firm had revenue of $394.60 million during the quarter, compared to analysts’ expectations of $394.24 million. The Hain Celestial Group had a positive return on equity of 3.13% and a negative net margin of 4.94%. The company’s revenue for the quarter was down 7.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.04) earnings per share. As a group, research analysts predict that The Hain Celestial Group, Inc. will post 0.46 EPS for the current 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.