Janney Montgomery Scott LLC Lowers Position in The Hain Celestial Group, Inc. (NASDAQ:HAIN)

Janney Montgomery Scott LLC decreased its stake in shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN) by 11.6% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 105,816 shares of the company’s stock after selling 13,919 shares during the quarter. Janney Montgomery Scott LLC owned about 0.12% of The Hain Celestial Group worth $913,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of HAIN. Vanguard Group Inc. increased its holdings 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 worth $86,010,000 after buying an additional 84,689 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC increased its stake in The Hain Celestial Group by 1.1% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 5,698,984 shares of the company’s stock worth $39,380,000 after acquiring an additional 62,865 shares during the last quarter. PGGM Investments raised its position in The Hain Celestial Group by 1.3% during the second quarter. PGGM Investments now owns 4,183,854 shares of the company’s stock valued at $28,910,000 after purchasing an additional 51,912 shares during the period. Millennium Management LLC lifted its stake in shares of The Hain Celestial Group by 171.3% in the 2nd quarter. Millennium Management LLC now owns 2,634,718 shares of the company’s stock valued at $18,206,000 after purchasing an additional 1,663,542 shares during the last quarter. Finally, Invenomic Capital Management LP purchased a new position in shares of The Hain Celestial Group in the 1st quarter worth approximately $11,294,000. 97.01% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. DA Davidson lowered their price target on The Hain Celestial Group from $9.00 to $8.00 and set a “neutral” rating for the company in a research report on Tuesday, November 12th. Barclays lowered their target price on shares of The Hain Celestial Group from $9.00 to $8.00 and set an “equal weight” rating for the company in a report on Monday, November 11th. Stifel Nicolaus upped 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. Finally, Piper Sandler reissued a “neutral” rating and issued a $8.00 price objective on shares of The Hain Celestial Group in a research report on Thursday, September 19th. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $9.43.

The Hain Celestial Group Trading Up 5.5 %

Shares of HAIN opened at $7.24 on Friday. The firm has a market capitalization of $652.98 million, a price-to-earnings ratio of -7.70 and a beta of 0.74. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.01 and a quick ratio of 1.05. The Hain Celestial Group, Inc. has a 1-year low of $5.68 and a 1-year high of $11.68. The company has a 50-day moving average of $8.27 and a 200 day moving average of $7.59.

The Hain Celestial Group (NASDAQ:HAIN) last posted its quarterly earnings results on Thursday, November 7th. The company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.02). The company had revenue of $394.60 million for the quarter, compared to the consensus estimate of $394.24 million. The Hain Celestial Group had a negative net margin of 4.94% and a positive return on equity of 3.13%. The business’s revenue was down 7.2% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.04) EPS. On average, research analysts expect that The Hain Celestial Group, Inc. will post 0.46 EPS for the current year.

Insider Transactions at The Hain Celestial Group

In other The Hain Celestial Group news, insider Chad D. Marquardt purchased 5,300 shares of The Hain Celestial Group stock in a transaction dated Wednesday, September 4th. The stock was acquired at an average price of $8.32 per share, for a total transaction of $44,096.00. Following the acquisition, the insider now owns 15,300 shares in the company, valued at $127,296. This trade represents a 53.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.83% of the company’s stock.

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.