JPMorgan Chase & Co. Has $2.77 Million Stock Holdings in The Hain Celestial Group, Inc. (NASDAQ:HAIN)

JPMorgan Chase & Co. lifted its position in shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN) by 68.7% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 320,457 shares of the company’s stock after buying an additional 130,477 shares during the quarter. JPMorgan Chase & Co. owned about 0.36% of The Hain Celestial Group worth $2,766,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Franklin Resources Inc. raised its stake in The Hain Celestial Group by 5.7% in the 3rd quarter. Franklin Resources Inc. now owns 52,507 shares of the company’s stock worth $445,000 after purchasing an additional 2,814 shares in the last quarter. Sanctuary Advisors LLC bought a new position in shares of The Hain Celestial Group during the third quarter worth approximately $93,000. Barclays PLC increased its holdings in shares of The Hain Celestial Group by 124.6% during the third quarter. Barclays PLC now owns 182,609 shares of the company’s stock worth $1,576,000 after purchasing an additional 101,290 shares during the period. Geode Capital Management LLC raised its position in shares of The Hain Celestial Group by 6.8% in the third quarter. Geode Capital Management LLC now owns 2,229,181 shares of the company’s stock valued at $19,241,000 after buying an additional 142,097 shares in the last quarter. Finally, M&T Bank Corp bought a new stake in shares of The Hain Celestial Group in the third quarter valued at approximately $127,000. Institutional investors own 97.01% of the company’s stock.

The Hain Celestial Group Price Performance

The Hain Celestial Group stock opened at $4.69 on Tuesday. 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 market capitalization of $423.01 million, a P/E ratio of -4.99 and a beta of 0.76. The Hain Celestial Group, Inc. has a 52 week low of $4.47 and a 52 week high of $11.68. The stock has a fifty day moving average of $6.87 and a 200-day moving average of $7.52.

The Hain Celestial Group (NASDAQ:HAIN) last announced its quarterly earnings results 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 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 for the quarter, compared to analyst estimates of $394.24 million. During the same quarter last year, the company posted ($0.04) earnings per share. The firm’s quarterly revenue was down 7.2% on a year-over-year basis. On average, sell-side analysts expect that The Hain Celestial Group, Inc. will post 0.43 earnings per share for the current fiscal year.

Analyst Ratings Changes

HAIN has been the topic of a number of recent research reports. Barclays lowered their price objective on The Hain Celestial Group from $8.00 to $6.00 and set an “equal weight” rating on the stock in a research note on Friday. Piper Sandler decreased their price target on The Hain Celestial Group from $8.00 to $7.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Finally, DA Davidson cut their price objective on shares of 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. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $9.00.

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.