Cwm LLC Boosts Stake in The Hain Celestial Group, Inc. (NASDAQ:HAIN)

Cwm LLC increased its position in The Hain Celestial Group, Inc. (NASDAQ:HAIN) by 14.5% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 10,098 shares of the company’s stock after purchasing an additional 1,276 shares during the period. Cwm LLC’s holdings in The Hain Celestial Group were worth $87,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in HAIN. Millennium Management LLC raised its stake in The Hain Celestial Group by 171.3% during the 2nd quarter. Millennium Management LLC now owns 2,634,718 shares of the company’s stock valued at $18,206,000 after acquiring an additional 1,663,542 shares during the last quarter. Invenomic Capital Management LP purchased a new stake in The Hain Celestial Group during the 1st quarter valued at approximately $11,294,000. Federated Hermes Inc. raised its stake in The Hain Celestial Group by 224.9% during the 2nd quarter. Federated Hermes Inc. now owns 860,471 shares of the company’s stock valued at $5,946,000 after acquiring an additional 595,649 shares during the last quarter. AQR Capital Management LLC purchased a new stake in The Hain Celestial Group during the 2nd quarter valued at approximately $3,942,000. Finally, Blair William & Co. IL increased its position in The Hain Celestial Group by 418.3% during the 1st quarter. Blair William & Co. IL now owns 366,948 shares of the company’s stock worth $2,884,000 after purchasing an additional 296,150 shares during the period. 97.01% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at The Hain Celestial Group

In related 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 shares were purchased at an average price of $8.32 per share, with a total value of $44,096.00. Following the purchase, the insider now owns 15,300 shares in the company, valued at $127,296. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.83% of the stock is owned by corporate insiders.

The Hain Celestial Group Stock Performance

HAIN opened at $8.39 on Friday. The stock has a market cap of $753.84 million, a P/E ratio of -9.99 and a beta of 0.75. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.98 and a quick ratio of 1.01. The stock’s 50 day simple moving average is $8.11 and its 200 day simple moving average is $7.39. The Hain Celestial Group, Inc. has a 1-year low of $5.68 and a 1-year high of $12.49.

The Hain Celestial Group (NASDAQ:HAIN) last released its quarterly earnings results on Tuesday, August 27th. The company reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.05. The Hain Celestial Group had a positive return on equity of 3.10% and a negative net margin of 4.32%. The business had revenue of $419.00 million for the quarter, compared to analysts’ expectations of $417.99 million. During the same quarter in the prior year, the firm posted $0.11 EPS. The company’s revenue was down 6.4% compared to the same quarter last year. As a group, equities analysts anticipate that The Hain Celestial Group, Inc. will post 0.48 EPS for the current fiscal year.

Analysts Set New Price Targets

HAIN has been the topic of several recent analyst reports. DA Davidson reiterated a “neutral” rating and set a $8.00 target price on shares of The Hain Celestial Group in a research report on Wednesday, August 28th. Piper Sandler reiterated a “neutral” rating and set a $8.00 target price on shares of The Hain Celestial Group in a research report on Thursday, September 19th. Barclays boosted their target price on The Hain Celestial Group from $7.00 to $9.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 29th. Finally, Stifel Nicolaus boosted their target price on The Hain Celestial Group from $8.00 to $9.00 and gave the stock a “hold” rating in a research report on Wednesday, August 28th. Seven investment 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 currently has a consensus rating of “Hold” and an average price target of $9.57.

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.