Principal Financial Group Inc. Has $3.66 Million Position in The Hain Celestial Group, Inc. (NASDAQ:HAIN)

Principal Financial Group Inc. trimmed its position in shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN) by 4.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 423,505 shares of the company’s stock after selling 19,661 shares during the quarter. Principal Financial Group Inc. owned approximately 0.47% of The Hain Celestial Group worth $3,655,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in HAIN. Allworth Financial LP raised its holdings in The Hain Celestial Group by 433.5% in the 3rd quarter. Allworth Financial LP now owns 2,982 shares of the company’s stock valued at $26,000 after buying an additional 2,423 shares during the last quarter. Signaturefd LLC lifted its holdings in shares of The Hain Celestial Group by 125.9% during the second quarter. Signaturefd LLC now owns 3,994 shares of the company’s stock worth $28,000 after purchasing an additional 2,226 shares during the period. nVerses Capital LLC grew its stake in shares of The Hain Celestial Group by 161.1% in the second quarter. nVerses Capital LLC now owns 4,700 shares of the company’s stock worth $32,000 after purchasing an additional 2,900 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. increased its holdings in The Hain Celestial Group by 225.5% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 4,954 shares of the company’s stock valued at $43,000 after purchasing an additional 3,432 shares during the period. Finally, CWA Asset Management Group LLC bought a new position in The Hain Celestial Group during the 3rd quarter worth $87,000. 97.01% of the stock is currently owned by institutional investors.

The Hain Celestial Group Price Performance

HAIN stock opened at $6.00 on Friday. 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 company’s 50-day moving average is $7.67 and its 200-day moving average is $7.66. The stock has a market capitalization of $541.16 million, a PE ratio of -6.38 and a beta of 0.72. The Hain Celestial Group, Inc. has a 1 year low of $5.68 and a 1 year high of $11.68.

The Hain Celestial Group (NASDAQ:HAIN) last released its quarterly earnings data 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 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 firm earned ($0.04) EPS. The company’s revenue was down 7.2% compared to the same quarter last year. Equities research analysts expect that The Hain Celestial Group, Inc. will post 0.44 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have commented on HAIN. Piper Sandler reiterated a “neutral” rating and issued a $8.00 price target on shares of The Hain Celestial Group in a research report on Thursday, September 19th. Barclays reduced their price objective on shares of 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. Finally, DA Davidson decreased their price target on The Hain Celestial Group from $9.00 to $8.00 and set a “neutral” rating for the company in a report on Tuesday, November 12th. Six equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, The Hain Celestial Group presently has an average rating of “Hold” and an average price target 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.