Millennium Management LLC Purchases 1,663,542 Shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN)

Millennium Management LLC increased its position in shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN) by 171.3% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,634,718 shares of the company’s stock after buying an additional 1,663,542 shares during the period. Millennium Management LLC owned 2.93% of The Hain Celestial Group worth $18,206,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Signaturefd LLC boosted its holdings in shares of 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 in the last quarter. nVerses Capital LLC boosted its stake in The Hain Celestial Group by 161.1% during the second quarter. nVerses Capital LLC now owns 4,700 shares of the company’s stock worth $32,000 after acquiring an additional 2,900 shares in the last quarter. CWM LLC grew its holdings in The Hain Celestial Group by 357.8% in the second quarter. CWM LLC now owns 8,822 shares of the company’s stock worth $61,000 after purchasing an additional 6,895 shares during the period. Choreo LLC bought a new stake in The Hain Celestial Group in the second quarter valued at $71,000. Finally, Evergreen Capital Management LLC acquired a new position in shares of The Hain Celestial Group during the second quarter valued at about $72,000. Institutional investors and hedge funds 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 company’s stock in a transaction on Wednesday, September 4th. The shares were purchased at an average price of $8.32 per share, with a total value of $44,096.00. Following the transaction, the insider now directly owns 15,300 shares in the company, valued at $127,296. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.72% of the stock is currently owned by insiders.

Analysts Set New Price Targets

HAIN has been the subject of several research reports. Stifel Nicolaus raised their target price on The Hain Celestial Group from $8.00 to $9.00 and gave the company a “hold” rating in a research note on Wednesday, August 28th. Piper Sandler reissued a “neutral” rating and issued a $8.00 price objective on shares of The Hain Celestial Group in a research note on Thursday, September 19th. DA Davidson restated a “neutral” rating and set a $8.00 price objective on shares of The Hain Celestial Group in a report on Wednesday, August 28th. Finally, Barclays increased their target price on The Hain Celestial Group from $7.00 to $9.00 and gave the stock an “equal weight” rating in a report on Thursday, August 29th. Seven analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, The Hain Celestial Group presently has an average rating of “Hold” and a consensus target price of $10.88.

The Hain Celestial Group Stock Performance

Shares of The Hain Celestial Group stock opened at $8.72 on Friday. The company has a market cap of $783.44 million, a PE ratio of -8.55 and a beta of 0.75. The company has a quick ratio of 1.01, a current ratio of 1.98 and a debt-to-equity ratio of 0.78. The Hain Celestial Group, Inc. has a 52 week low of $5.68 and a 52 week high of $12.49. The business has a 50 day moving average price of $7.69 and a 200-day moving average price of $7.28.

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

About The Hain Celestial Group

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.