Proficio Capital Partners LLC Purchases New Stake in The Hain Celestial Group, Inc. (NASDAQ:HAIN)

Proficio Capital Partners LLC purchased a new stake in The Hain Celestial Group, Inc. (NASDAQ:HAIN) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 23,149 shares of the company’s stock, valued at approximately $142,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Illinois Municipal Retirement Fund increased its stake in The Hain Celestial Group by 4.4% during the fourth quarter. Illinois Municipal Retirement Fund now owns 49,113 shares of the company’s stock worth $302,000 after acquiring an additional 2,091 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in The Hain Celestial Group during the fourth quarter worth $289,000. Union Bancaire Privee UBP SA acquired a new stake in The Hain Celestial Group during the fourth quarter worth $97,000. Rice Hall James & Associates LLC acquired a new stake in The Hain Celestial Group during the fourth quarter worth $2,652,000. Finally, Principal Financial Group Inc. increased its stake in The Hain Celestial Group by 3.3% during the fourth quarter. Principal Financial Group Inc. now owns 437,354 shares of the company’s stock worth $2,690,000 after acquiring an additional 13,849 shares during the last quarter. Institutional investors and hedge funds own 97.01% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on HAIN. JPMorgan Chase & Co. cut their target price on The Hain Celestial Group from $8.00 to $6.00 and set a “neutral” rating for the company in a research note on Monday, February 3rd. Evercore ISI decreased their target price on The Hain Celestial Group from $9.00 to $6.00 and set an “in-line” rating for the company in a report on Wednesday, February 12th. Mizuho decreased their price target on The Hain Celestial Group from $7.00 to $4.50 and set a “neutral” rating for the company in a report on Tuesday, February 11th. Piper Sandler decreased their price target on The Hain Celestial Group from $8.00 to $7.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Finally, Barclays decreased their price target on The Hain Celestial Group from $6.00 to $5.00 and set an “equal weight” rating for the company in a report on Tuesday, February 11th. Seven investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $6.56.

The Hain Celestial Group Stock Performance

Shares of HAIN stock opened at $4.16 on Thursday. The stock has a market capitalization of $375.43 million, a PE ratio of -2.14 and a beta of 0.83. The Hain Celestial Group, Inc. has a 52-week low of $3.28 and a 52-week high of $9.43. The stock’s 50-day moving average price is $4.66 and its 200 day moving average price is $6.83. 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 released 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 research analysts forecast that The Hain Celestial Group, Inc. will post 0.4 EPS for the current 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.