BNP Paribas Financial Markets Buys 78,921 Shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN)

BNP Paribas Financial Markets lifted its stake in The Hain Celestial Group, Inc. (NASDAQ:HAIN) by 86.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 170,260 shares of the company’s stock after purchasing an additional 78,921 shares during the quarter. BNP Paribas Financial Markets owned 0.19% of The Hain Celestial Group worth $1,469,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. FMR LLC raised its holdings in The Hain Celestial Group by 14.9% in the third quarter. FMR LLC now owns 17,580 shares of the company’s stock worth $152,000 after buying an additional 2,280 shares during the last quarter. Quantbot Technologies LP raised its holdings in The Hain Celestial Group by 70.7% in the 3rd quarter. Quantbot Technologies LP now owns 32,561 shares of the company’s stock worth $281,000 after acquiring an additional 13,485 shares during the last quarter. Swedbank AB bought a new position in The Hain Celestial Group in the 3rd quarter valued at approximately $216,000. Landscape Capital Management L.L.C. boosted its stake in The Hain Celestial Group by 299.8% during the 3rd quarter. Landscape Capital Management L.L.C. now owns 140,854 shares of the company’s stock valued at $1,216,000 after purchasing an additional 105,622 shares during the last quarter. Finally, Intech Investment Management LLC increased its holdings in shares of The Hain Celestial Group by 93.7% in the 3rd quarter. Intech Investment Management LLC now owns 22,960 shares of the company’s stock worth $198,000 after purchasing an additional 11,109 shares in the last quarter. Institutional investors own 97.01% of the company’s stock.

The Hain Celestial Group Price Performance

Shares of NASDAQ:HAIN opened at $8.27 on Monday. The firm’s 50 day simple moving average is $8.32 and its two-hundred day simple moving average is $7.71. The Hain Celestial Group, Inc. has a 1-year low of $5.68 and a 1-year high of $11.68. The company has a market capitalization of $745.90 million, a P/E ratio of -8.80 and a beta of 0.71. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.01 and a quick ratio of 1.05.

The Hain Celestial Group (NASDAQ:HAIN) last posted its earnings results on Thursday, November 7th. The company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.02). The Hain Celestial Group had a negative net margin of 4.94% and a positive return on equity of 3.13%. The firm had revenue of $394.60 million for the quarter, compared to the consensus estimate of $394.24 million. During the same quarter in the prior year, the company posted ($0.04) earnings per share. The firm’s revenue was down 7.2% compared to the same quarter last year. Research analysts expect that The Hain Celestial Group, Inc. will post 0.44 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on HAIN. DA Davidson dropped their price objective on The Hain Celestial Group from $9.00 to $8.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 12th. Piper Sandler reiterated a “neutral” rating and issued a $8.00 price target on shares of The Hain Celestial Group in a research note on Thursday, September 19th. Stifel Nicolaus raised 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, Barclays decreased their target price on shares of The Hain Celestial Group from $9.00 to $8.00 and set an “equal weight” rating for the company in a research note on Monday, November 11th. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus 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.