Blair William & Co. IL Trims Stock Holdings in The Hain Celestial Group, Inc. (NASDAQ:HAIN)

Blair William & Co. IL cut its holdings in shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN) by 9.5% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 332,172 shares of the company’s stock after selling 34,776 shares during the quarter. Blair William & Co. IL owned approximately 0.37% of The Hain Celestial Group worth $2,295,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in HAIN. Signaturefd LLC lifted its holdings in The Hain Celestial Group by 125.9% during the 2nd quarter. Signaturefd LLC now owns 3,994 shares of the company’s stock worth $28,000 after buying an additional 2,226 shares during the last quarter. nVerses Capital LLC boosted its holdings in 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 period. CWM LLC increased its stake in The Hain Celestial Group by 357.8% during the second quarter. CWM LLC now owns 8,822 shares of the company’s stock valued at $61,000 after purchasing an additional 6,895 shares during the last quarter. Choreo LLC acquired a new stake in shares of The Hain Celestial Group during the second quarter worth $71,000. Finally, GAMMA Investing LLC lifted its position in shares of The Hain Celestial Group by 683.2% in the 2nd quarter. GAMMA Investing LLC now owns 14,772 shares of the company’s stock worth $102,000 after buying an additional 12,886 shares during the last quarter. 97.01% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently weighed in on HAIN. Barclays boosted their price objective on shares of 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. Piper Sandler reissued a “neutral” rating and issued a $8.00 price target on shares of The Hain Celestial Group in a report on Thursday. DA Davidson reaffirmed a “neutral” rating and issued a $8.00 target price on shares of The Hain Celestial Group in a research report on Wednesday, August 28th. Finally, Stifel Nicolaus boosted their price target on shares of The Hain Celestial Group from $8.00 to $9.00 and gave the company a “hold” rating in a report on Wednesday, August 28th. Seven equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, The Hain Celestial Group has a consensus rating of “Hold” and an average target price of $10.88.

Insider Buying and Selling

In other The Hain Celestial Group news, insider Chad D. Marquardt bought 5,300 shares of The Hain Celestial Group stock in a transaction that occurred on Wednesday, September 4th. The stock was purchased at an average cost of $8.32 per share, for a total transaction of $44,096.00. Following the completion of the acquisition, the insider now owns 15,300 shares of the company’s stock, valued at approximately $127,296. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.72% of the company’s stock.

The Hain Celestial Group Price Performance

Shares of HAIN opened at $7.74 on Monday. The firm has a market capitalization of $695.39 million, a price-to-earnings ratio of -7.59 and a beta of 0.75. The stock’s fifty day moving average is $7.52 and its 200-day moving average is $7.31. The Hain Celestial Group, Inc. has a one year low of $5.68 and a one year high of $12.49. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.01 and a current ratio of 1.98.

The Hain Celestial Group (NASDAQ:HAIN) last released its quarterly 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 company had revenue of $419.00 million for the quarter, compared to the consensus estimate of $417.99 million. The Hain Celestial Group had a negative net margin of 4.32% and a positive return on equity of 3.10%. The Hain Celestial Group’s revenue was down 6.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.11 EPS. Equities analysts anticipate that The Hain Celestial Group, Inc. will post 0.49 EPS for the current 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.