Federated Hermes Inc. Boosts Stake in The Hain Celestial Group, Inc. (NASDAQ:HAIN)

Federated Hermes Inc. raised its position in shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN) by 224.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 860,471 shares of the company’s stock after buying an additional 595,649 shares during the quarter. Federated Hermes Inc. owned about 0.96% of The Hain Celestial Group worth $5,946,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in HAIN. GSA Capital Partners LLP bought a new stake in shares of The Hain Celestial Group in the 1st quarter worth about $1,937,000. Norges Bank purchased a new position in The Hain Celestial Group in the fourth quarter worth about $7,199,000. Blair William & Co. IL increased its stake in The Hain Celestial Group by 418.3% during the first quarter. Blair William & Co. IL now owns 366,948 shares of the company’s stock worth $2,884,000 after acquiring an additional 296,150 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in The Hain Celestial Group by 14.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,863,497 shares of the company’s stock worth $20,405,000 after acquiring an additional 229,144 shares during the last quarter. Finally, Vanguard Group Inc. lifted its stake in shares of The Hain Celestial Group by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 10,942,729 shares of the company’s stock valued at $86,010,000 after purchasing an additional 84,689 shares during the last quarter. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Insiders Place Their Bets

In other news, insider Chad D. Marquardt bought 5,300 shares of the stock in a transaction on Wednesday, September 4th. The stock was acquired at an average cost of $8.32 per share, for a total transaction of $44,096.00. Following the acquisition, the insider now owns 15,300 shares of the company’s stock, valued at $127,296. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.72% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Barclays boosted their target price on The Hain Celestial Group from $7.00 to $9.00 and gave the company an “equal weight” rating in a research report on Thursday, August 29th. DA Davidson reiterated a “neutral” rating and set a $8.00 price objective on shares of The Hain Celestial Group in a research report on Wednesday, August 28th. Finally, 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. Seven analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $10.88.

The Hain Celestial Group Trading Down 0.4 %

NASDAQ HAIN opened at $8.03 on Thursday. The stock has a market cap of $721.45 million, a PE ratio of -7.87 and a beta of 0.75. The Hain Celestial Group, Inc. has a 12 month low of $5.68 and a 12 month high of $12.49. The company’s 50-day moving average price is $7.49 and its 200-day moving average price is $7.34. The company has a current ratio of 1.98, a quick ratio of 1.01 and a debt-to-equity ratio of 0.78.

The Hain Celestial Group (NASDAQ:HAIN) last issued its earnings results on Tuesday, August 27th. The company reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.05. The Hain Celestial Group had a negative net margin of 4.32% and a positive return on equity of 3.10%. The business had revenue of $419.00 million for the quarter, compared to analyst estimates of $417.99 million. During the same period last year, the company posted $0.11 earnings per share. The company’s quarterly revenue was down 6.4% compared to the same quarter last year. Equities research analysts forecast that The Hain Celestial Group, Inc. will post 0.49 earnings per share for the current year.

The Hain Celestial Group Company 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.