Fmr LLC Raises Position in The Hain Celestial Group, Inc. (NASDAQ:HAIN)

Fmr LLC raised its stake in The Hain Celestial Group, Inc. (NASDAQ:HAIN) by 14.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,580 shares of the company’s stock after purchasing an additional 2,280 shares during the period. Fmr LLC’s holdings in The Hain Celestial Group were worth $152,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Allworth Financial LP increased its position in shares of The Hain Celestial Group by 433.5% during the third quarter. Allworth Financial LP now owns 2,982 shares of the company’s stock worth $26,000 after purchasing an additional 2,423 shares in the last quarter. Signaturefd LLC grew its holdings in shares of The Hain Celestial Group by 125.9% in the 2nd quarter. Signaturefd LLC now owns 3,994 shares of the company’s stock worth $28,000 after acquiring an additional 2,226 shares during the period. nVerses Capital LLC boosted its position in shares of The Hain Celestial Group by 161.1% in the 2nd quarter. nVerses Capital LLC now owns 4,700 shares of the company’s stock worth $32,000 after buying an additional 2,900 shares in the last quarter. CWA Asset Management Group LLC purchased a new position in The Hain Celestial Group during the third quarter worth $87,000. Finally, CWM LLC lifted its holdings in The Hain Celestial Group by 14.5% in the 3rd quarter. CWM LLC now owns 10,098 shares of the company’s stock valued at $87,000 after purchasing an additional 1,276 shares in the last quarter. Institutional investors and hedge funds own 97.01% of the company’s stock.

The Hain Celestial Group Stock Down 1.8 %

The Hain Celestial Group stock opened at $6.42 on Monday. The Hain Celestial Group, Inc. has a one year low of $5.68 and a one year high of $11.68. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.05 and a current ratio of 2.01. The firm has a market capitalization of $579.05 million, a P/E ratio of -6.83 and a beta of 0.71. The company has a 50-day simple moving average of $8.09 and a 200-day simple moving average of $7.72.

The Hain Celestial Group (NASDAQ:HAIN) last announced its earnings results on Thursday, November 7th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.02). The Hain Celestial Group had a negative net margin of 4.94% and a positive return on equity of 3.13%. The company had revenue of $394.60 million during the quarter, compared to the consensus estimate of $394.24 million. During the same quarter in the prior year, the company earned ($0.04) EPS. The business’s quarterly revenue was down 7.2% on a year-over-year basis. As a group, equities analysts expect that The Hain Celestial Group, Inc. will post 0.44 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on HAIN shares. Barclays dropped their target price on The Hain Celestial Group from $9.00 to $8.00 and set an “equal weight” rating for the company in a research note on Monday, November 11th. DA Davidson dropped their price objective on shares of The Hain Celestial Group from $9.00 to $8.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 12th. Piper Sandler reaffirmed a “neutral” rating and issued a $8.00 target price on shares of The Hain Celestial Group in a research report on Thursday, September 19th. Finally, Stifel Nicolaus boosted their target price on shares of 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. Six equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $9.43.

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.