Geode Capital Management LLC Purchases 142,097 Shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN)

Geode Capital Management LLC raised its position in shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN) by 6.8% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,229,181 shares of the company’s stock after buying an additional 142,097 shares during the quarter. Geode Capital Management LLC owned about 2.47% of The Hain Celestial Group worth $19,241,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of HAIN. Allworth Financial LP increased its position in shares of The Hain Celestial Group by 433.5% in the 3rd quarter. Allworth Financial LP now owns 2,982 shares of the company’s stock valued at $26,000 after acquiring an additional 2,423 shares during the period. Signaturefd LLC increased its holdings in 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 buying an additional 2,226 shares during the period. nVerses Capital LLC raised its position in The Hain Celestial Group by 161.1% during 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 during the last quarter. Point72 Asia Singapore Pte. Ltd. lifted its stake in The Hain Celestial Group by 225.5% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 4,954 shares of the company’s stock valued at $43,000 after acquiring an additional 3,432 shares during the period. Finally, Choreo LLC purchased a new stake in shares of The Hain Celestial Group in the 2nd quarter valued at $71,000. 97.01% of the stock is currently owned by institutional investors.

The Hain Celestial Group Stock Up 0.3 %

Shares of HAIN opened at $6.50 on Friday. 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 quick ratio of 1.05, a current ratio of 2.01 and a debt-to-equity ratio of 0.76. The stock has a fifty day simple moving average of $7.87 and a two-hundred day simple moving average of $7.69. The company has a market capitalization of $586.26 million, a PE ratio of -6.91 and a beta of 0.71.

The Hain Celestial Group (NASDAQ:HAIN) last issued its quarterly earnings data 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 Hain Celestial Group had a positive return on equity of 3.13% and a negative net margin of 4.94%. The business had revenue of $394.60 million during the quarter, compared to analysts’ expectations of $394.24 million. During the same quarter in the previous year, the company posted ($0.04) earnings per share. The company’s revenue was down 7.2% on a year-over-year basis. As a group, equities analysts forecast that The Hain Celestial Group, Inc. will post 0.44 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. DA Davidson lowered their price target on shares of 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. Barclays decreased their price target on 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. Finally, Piper Sandler reaffirmed 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 research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, The Hain Celestial Group has a consensus rating of “Hold” and an average target price 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.