Sanctuary Advisors LLC Takes Position in The Hain Celestial Group, Inc. (NASDAQ:HAIN)

Sanctuary Advisors LLC acquired a new position in shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 11,282 shares of the company’s stock, valued at approximately $93,000.

Other large investors have also bought and sold shares of the company. Creative Planning raised its stake in The Hain Celestial Group by 3.6% during the third quarter. Creative Planning now owns 36,298 shares of the company’s stock worth $313,000 after acquiring an additional 1,272 shares in the last quarter. CWM LLC boosted its position in The Hain Celestial Group by 14.5% in the third quarter. CWM LLC now owns 10,098 shares of the company’s stock valued at $87,000 after buying an additional 1,276 shares in the last quarter. US Bancorp DE grew its stake in shares of The Hain Celestial Group by 10.3% during the third quarter. US Bancorp DE now owns 19,518 shares of the company’s stock worth $168,000 after buying an additional 1,815 shares during the last quarter. Signaturefd LLC increased its holdings in shares of The Hain Celestial Group by 125.9% during the second quarter. Signaturefd LLC now owns 3,994 shares of the company’s stock worth $28,000 after buying an additional 2,226 shares in the last quarter. Finally, FMR LLC lifted its stake in shares of The Hain Celestial Group by 14.9% in the 3rd quarter. FMR LLC now owns 17,580 shares of the company’s stock valued at $152,000 after acquiring an additional 2,280 shares during the last quarter. 97.01% of the stock is owned by institutional investors and hedge funds.

The Hain Celestial Group Stock Performance

Shares of HAIN stock opened at $6.12 on Tuesday. The stock has a market capitalization of $551.99 million, a PE ratio of -6.51 and a beta of 0.71. The business’s 50 day simple moving average is $7.81 and its 200 day simple moving average is $7.69. 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 one year low of $5.68 and a one year high of $11.68.

The Hain Celestial Group (NASDAQ:HAIN) last posted its quarterly earnings data on Thursday, November 7th. The company reported ($0.04) 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 firm had revenue of $394.60 million during the quarter, compared to the consensus estimate of $394.24 million. During the same period in the prior year, the company 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, research analysts forecast that The Hain Celestial Group, Inc. will post 0.44 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Piper Sandler restated a “neutral” rating and set a $8.00 price objective on shares of The Hain Celestial Group in a research report on Thursday, September 19th. DA Davidson lowered their price objective on The Hain Celestial Group from $9.00 to $8.00 and set a “neutral” rating for the company in a research note on Tuesday, November 12th. Finally, Barclays cut their target price on shares of The Hain Celestial Group from $9.00 to $8.00 and set an “equal weight” rating on the stock in a research report on Monday, November 11th. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently 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.