The Hain Celestial Group, Inc. (NASDAQ:HAIN) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. reduced its position in shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN) by 14.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,514,178 shares of the company’s stock after selling 259,000 shares during the period. Charles Schwab Investment Management Inc. owned 1.69% of The Hain Celestial Group worth $13,067,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of HAIN. Barrow Hanley Mewhinney & Strauss LLC boosted its position in shares of The Hain Celestial Group by 1.1% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 5,698,984 shares of the company’s stock worth $39,380,000 after acquiring an additional 62,865 shares during the last quarter. PGGM Investments raised its stake in shares of The Hain Celestial Group by 1.3% in the 2nd quarter. PGGM Investments now owns 4,183,854 shares of the company’s stock valued at $28,910,000 after purchasing an additional 51,912 shares in the last quarter. Millennium Management LLC lifted its position in shares of The Hain Celestial Group by 171.3% during the second 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 last quarter. Federated Hermes Inc. lifted its holdings in The Hain Celestial Group by 224.9% during 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. Finally, Bank of New York Mellon Corp grew its position in shares of The Hain Celestial Group by 3.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 779,557 shares of the company’s stock worth $5,387,000 after acquiring an additional 25,169 shares in the last quarter. 97.01% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on HAIN shares. Stifel Nicolaus raised their price target on shares of 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. DA Davidson dropped their price target on shares of The Hain Celestial Group from $9.00 to $8.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 12th. Piper Sandler reiterated 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. Finally, Barclays decreased their price objective on shares of The Hain Celestial Group from $9.00 to $8.00 and set an “equal weight” rating for the company in a report on Monday, November 11th. Six analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $9.43.

The Hain Celestial Group Stock Performance

HAIN opened at $8.27 on Monday. 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 Hain Celestial Group, Inc. has a fifty-two week low of $5.68 and a fifty-two week high of $11.68. The firm has a market cap of $745.90 million, a PE ratio of -8.80 and a beta of 0.71. The business has a fifty day simple moving average of $8.32 and a 200-day simple moving average of $7.71.

The Hain Celestial Group (NASDAQ:HAIN) last released its earnings results on Thursday, November 7th. The company reported ($0.04) earnings per share (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 business had revenue of $394.60 million during the quarter, compared to analysts’ expectations of $394.24 million. During the same quarter in the previous year, the company earned ($0.04) EPS. The Hain Celestial Group’s revenue for the quarter was down 7.2% on a year-over-year basis. As a group, equities analysts predict that The Hain Celestial Group, Inc. will post 0.44 EPS for the current fiscal 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.