Barclays PLC Boosts Position in The Hain Celestial Group, Inc. (NASDAQ:HAIN)

Barclays PLC lifted its holdings in The Hain Celestial Group, Inc. (NASDAQ:HAIN) by 124.6% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 182,609 shares of the company’s stock after purchasing an additional 101,290 shares during the period. Barclays PLC owned about 0.20% of The Hain Celestial Group worth $1,576,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the business. Barrow Hanley Mewhinney & Strauss LLC grew its holdings 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 valued at $39,380,000 after purchasing an additional 62,865 shares during the period. State Street Corp lifted its position in shares of The Hain Celestial Group by 0.4% during the 3rd quarter. State Street Corp now owns 3,464,855 shares of the company’s stock valued at $29,902,000 after buying an additional 15,494 shares in the last quarter. Millennium Management LLC grew its stake in shares of 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 period. Hotchkis & Wiley Capital Management LLC increased its holdings in The Hain Celestial Group by 54.9% in the 3rd 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 in the last quarter. Finally, 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 worth $5,946,000 after acquiring an additional 595,649 shares during the period. 97.01% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

The Hain Celestial Group Stock Performance

Shares of NASDAQ HAIN opened at $6.50 on Friday. The company has a market cap of $586.26 million, a P/E ratio of -6.91 and a beta of 0.71. The Hain Celestial Group, Inc. has a 52-week low of $5.68 and a 52-week 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’s fifty day moving average is $7.91 and its two-hundred day moving average is $7.69.

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

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.