State Street Corp Grows Stock Position in The Hain Celestial Group, Inc. (NASDAQ:HAIN)

State Street Corp boosted its holdings in shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN) by 0.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,464,855 shares of the company’s stock after acquiring an additional 15,494 shares during the period. State Street Corp owned about 3.84% of The Hain Celestial Group worth $29,902,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the stock. Quest Partners LLC lifted its position in shares of The Hain Celestial Group by 387.1% in the third quarter. Quest Partners LLC now owns 212,655 shares of the company’s stock valued at $1,835,000 after acquiring an additional 168,996 shares in the last quarter. Deerfield Management Company L.P. Series C grew its holdings in shares of The Hain Celestial Group by 391.6% during the second quarter. Deerfield Management Company L.P. Series C now owns 124,589 shares of the company’s stock worth $861,000 after buying an additional 99,246 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of The Hain Celestial Group in the third quarter valued at approximately $2,515,000. Hotchkis & Wiley Capital Management LLC boosted its position in The Hain Celestial Group by 54.9% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 1,224,590 shares of the company’s stock worth $10,568,000 after acquiring an additional 434,070 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of The Hain Celestial Group by 83.4% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 27,580 shares of the company’s stock worth $238,000 after purchasing an additional 12,542 shares during the period. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have issued reports on HAIN shares. Barclays decreased their price target on The Hain Celestial Group from $9.00 to $8.00 and set an “equal weight” rating on the stock in a research note on Monday, November 11th. Stifel Nicolaus raised their price objective on The Hain Celestial Group from $8.00 to $9.00 and gave the stock a “hold” rating in a report on Wednesday, August 28th. DA Davidson dropped their target price on shares of 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. Finally, Piper Sandler reiterated a “neutral” rating and set a $8.00 price objective on shares of The Hain Celestial Group in a research note on Thursday, September 19th. Six analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, The Hain Celestial Group has an average rating of “Hold” and a consensus price target of $9.43.

The Hain Celestial Group Trading Down 1.8 %

NASDAQ:HAIN opened at $6.42 on Friday. The company has a market cap of $579.05 million, a PE ratio of -6.83 and a beta of 0.71. The business’s 50 day moving average is $8.09 and its two-hundred day moving average is $7.72. The company has a quick ratio of 1.05, a current ratio of 2.01 and a debt-to-equity ratio of 0.76. The Hain Celestial Group, Inc. has a 52 week low of $5.68 and a 52 week high of $11.68.

The Hain Celestial Group (NASDAQ:HAIN) last issued its earnings results on Thursday, November 7th. The company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.02). The company had revenue of $394.60 million during the quarter, compared to analyst estimates 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 quarter in the previous year, the firm earned ($0.04) earnings per share. On average, analysts predict that The Hain Celestial Group, Inc. will post 0.44 EPS for the current 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.