Van ECK Associates Corp Has $66,000 Holdings in The Hain Celestial Group, Inc. (NASDAQ:HAIN)

Van ECK Associates Corp increased its stake in The Hain Celestial Group, Inc. (NASDAQ:HAIN) by 49.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 10,805 shares of the company’s stock after purchasing an additional 3,554 shares during the period. Van ECK Associates Corp’s holdings in The Hain Celestial Group were worth $66,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. CWM LLC raised its holdings in shares of 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 during the period. Creative Planning raised its holdings in shares of The Hain Celestial Group by 3.6% in the 3rd quarter. Creative Planning now owns 36,298 shares of the company’s stock valued at $313,000 after purchasing an additional 1,272 shares during the period. Assenagon Asset Management S.A. raised its holdings in shares of The Hain Celestial Group by 2.1% in the 3rd quarter. Assenagon Asset Management S.A. now owns 637,563 shares of the company’s stock valued at $5,502,000 after purchasing an additional 13,376 shares during the period. Allworth Financial LP raised its holdings 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 purchasing an additional 2,423 shares during the period. Finally, Trajan Wealth LLC raised its holdings in shares of The Hain Celestial Group by 38.3% in the 3rd quarter. Trajan Wealth LLC now owns 24,360 shares of the company’s stock valued at $210,000 after purchasing an additional 6,745 shares during the period. 97.01% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have weighed in on HAIN shares. Barclays lowered their price target on shares of The Hain Celestial Group from $6.00 to $5.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 11th. Evercore ISI lowered their target price on shares of The Hain Celestial Group from $9.00 to $6.00 and set an “in-line” rating on the stock in a report on Wednesday, February 12th. JPMorgan Chase & Co. lowered their target price on shares of The Hain Celestial Group from $8.00 to $6.00 and set a “neutral” rating on the stock in a report on Monday, February 3rd. Maxim Group lowered their target price on shares of The Hain Celestial Group from $15.00 to $10.00 and set a “buy” rating on the stock in a report on Tuesday, February 11th. Finally, Mizuho lowered their target price on shares of The Hain Celestial Group from $7.00 to $4.50 and set a “neutral” rating on the stock in a report on Tuesday, February 11th. Seven analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, The Hain Celestial Group has a consensus rating of “Hold” and a consensus target price of $6.56.

The Hain Celestial Group Stock Up 3.5 %

The Hain Celestial Group stock opened at $4.18 on Monday. The firm has a 50 day moving average price of $5.30 and a 200-day moving average price of $7.05. The company has a market capitalization of $377.23 million, a P/E ratio of -2.15 and a beta of 0.74. The Hain Celestial Group, Inc. has a twelve month low of $3.28 and a twelve month high of $10.07. The company has a quick ratio of 1.00, a current ratio of 1.90 and a debt-to-equity ratio of 0.90.

The Hain Celestial Group (NASDAQ:HAIN) last posted its earnings results on Monday, February 10th. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.04). The Hain Celestial Group had a positive return on equity of 2.88% and a negative net margin of 10.51%. As a group, equities analysts predict that The Hain Celestial Group, Inc. will post 0.4 EPS for the current year.

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.