Rhumbline Advisers Boosts Stake in The Hain Celestial Group, Inc. (NASDAQ:HAIN)

Rhumbline Advisers increased its position in shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN) by 2.6% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 289,050 shares of the company’s stock after buying an additional 7,313 shares during the quarter. Rhumbline Advisers owned about 0.32% of The Hain Celestial Group worth $1,778,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the company. Grace & White Inc. NY acquired a new position in shares of The Hain Celestial Group in the 4th quarter valued at $86,000. Van ECK Associates Corp increased its stake in The Hain Celestial Group by 49.0% in the fourth quarter. Van ECK Associates Corp now owns 10,805 shares of the company’s stock valued at $66,000 after purchasing an additional 3,554 shares during the period. Sageworth Trust Co purchased a new stake in shares of The Hain Celestial Group in the fourth quarter valued at about $234,000. Union Bancaire Privee UBP SA acquired a new stake in shares of The Hain Celestial Group during the fourth quarter worth about $97,000. Finally, Inspire Investing LLC grew its holdings in shares of The Hain Celestial Group by 38.1% during the fourth quarter. Inspire Investing LLC now owns 65,271 shares of the company’s stock worth $401,000 after buying an additional 18,019 shares during the last quarter. Institutional investors and hedge funds own 97.01% of the company’s stock.

The Hain Celestial Group Stock Up 5.0 %

HAIN stock opened at $3.79 on Wednesday. The company has a current ratio of 1.90, a quick ratio of 1.00 and a debt-to-equity ratio of 0.90. The company’s 50-day moving average price is $4.93 and its 200 day moving average price is $6.92. The Hain Celestial Group, Inc. has a 52 week low of $3.28 and a 52 week high of $9.80. The company has a market cap of $342.04 million, a P/E ratio of -1.95 and a beta of 0.74.

The Hain Celestial Group (NASDAQ:HAIN) last announced its quarterly earnings results on Monday, February 10th. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.04). The Hain Celestial Group had a positive return on equity of 2.88% and a negative net margin of 10.51%. On average, research analysts expect that The Hain Celestial Group, Inc. will post 0.4 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have commented on HAIN shares. Barclays reduced their price objective on The Hain Celestial Group from $6.00 to $5.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 11th. Evercore ISI decreased their price target on The Hain Celestial Group from $9.00 to $6.00 and set an “in-line” rating for the company in a report on Wednesday, February 12th. JPMorgan Chase & Co. dropped their price objective on shares of The Hain Celestial Group from $8.00 to $6.00 and set a “neutral” rating on the stock in a research note on Monday, February 3rd. Stifel Nicolaus reduced their target price on shares of The Hain Celestial Group from $7.00 to $6.00 and set a “hold” rating for the company in a research note on Tuesday, February 11th. Finally, Maxim Group cut their price target on shares of The Hain Celestial Group from $15.00 to $10.00 and set a “buy” rating for the company in a report on Tuesday, February 11th. Seven analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $6.56.

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.