Barclays PLC Purchases 101,290 Shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN)

Barclays PLC boosted its position in shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN) by 124.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 182,609 shares of the company’s stock after buying an additional 101,290 shares during the period. Barclays PLC owned approximately 0.20% of The Hain Celestial Group worth $1,576,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Geode Capital Management LLC raised its holdings in shares of The Hain Celestial Group by 6.8% during the 3rd quarter. Geode Capital Management LLC now owns 2,229,181 shares of the company’s stock worth $19,241,000 after acquiring an additional 142,097 shares in the last quarter. M&T Bank Corp bought a new stake in The Hain Celestial Group in the third quarter worth $127,000. XTX Topco Ltd raised its stake in The Hain Celestial Group by 176.6% during the third quarter. XTX Topco Ltd now owns 123,707 shares of the company’s stock valued at $1,068,000 after purchasing an additional 78,985 shares in the last quarter. EP Wealth Advisors LLC bought a new position in The Hain Celestial Group during the third quarter valued at $94,000. Finally, Jane Street Group LLC grew its stake in shares of The Hain Celestial Group by 72.6% in the 3rd quarter. Jane Street Group LLC now owns 174,450 shares of the company’s stock worth $1,506,000 after buying an additional 73,352 shares in the last quarter. Hedge funds and other institutional investors own 97.01% of the company’s stock.

The Hain Celestial Group Stock Down 8.2 %

Shares of NASDAQ HAIN opened at $4.94 on Friday. The Hain Celestial Group, Inc. has a 1 year low of $4.93 and a 1 year high of $11.68. The firm has a 50-day simple moving average of $7.28 and a two-hundred day simple moving average of $7.60. The company has a market cap of $445.56 million, a P/E ratio of -5.26 and a beta of 0.76. 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 (NASDAQ:HAIN) last issued its quarterly 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 business had revenue of $394.60 million for the quarter, compared to the consensus estimate of $394.24 million. The Hain Celestial Group had a positive return on equity of 3.13% and a negative net margin of 4.94%. The Hain Celestial Group’s revenue was down 7.2% on a year-over-year basis. During the same period in the prior year, the business posted ($0.04) earnings per share. Research analysts anticipate that The Hain Celestial Group, Inc. will post 0.44 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have recently issued reports on HAIN. Piper Sandler restated a “neutral” rating and set a $8.00 target price on shares of The Hain Celestial Group in a research report on Thursday, September 19th. DA Davidson decreased their price objective on The Hain Celestial Group from $9.00 to $8.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 12th. Finally, Barclays lowered their price objective 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. Six equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $9.43.

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.