Bank of New York Mellon Corp Has $3.92 Million Stock Holdings in The Hain Celestial Group, Inc. (NASDAQ:HAIN)

Bank of New York Mellon Corp lessened its holdings in shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN) by 5.8% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 636,687 shares of the company’s stock after selling 39,010 shares during the period. Bank of New York Mellon Corp owned 0.71% of The Hain Celestial Group worth $3,916,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. State Street Corp boosted its position in shares of The Hain Celestial Group by 0.4% during the third quarter. State Street Corp now owns 3,464,855 shares of the company’s stock worth $29,902,000 after purchasing an additional 15,494 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of The Hain Celestial Group by 6.8% during the third quarter. Geode Capital Management LLC now owns 2,229,181 shares of the company’s stock worth $19,241,000 after purchasing an additional 142,097 shares in the last quarter. Hotchkis & Wiley Capital Management LLC boosted its position in shares of The Hain Celestial Group by 54.9% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 1,224,590 shares of the company’s stock worth $10,568,000 after purchasing an additional 434,070 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of The Hain Celestial Group by 257.0% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 496,842 shares of the company’s stock worth $4,288,000 after purchasing an additional 357,669 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its position in shares of 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 purchasing an additional 13,849 shares in the last quarter. Institutional investors and hedge funds own 97.01% of the company’s stock.

Analyst Ratings Changes

HAIN has been the topic of several research reports. Mizuho cut their price objective on shares of The Hain Celestial Group from $7.00 to $4.50 and set a “neutral” rating on the stock in a research report on Tuesday, February 11th. Barclays cut 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 research report on Tuesday, February 11th. Stifel Nicolaus cut their price target on shares of The Hain Celestial Group from $7.00 to $6.00 and set a “hold” rating on the stock in a research report on Tuesday, February 11th. Maxim Group cut their price target on shares of The Hain Celestial Group from $15.00 to $10.00 and set a “buy” rating on the stock in a research report on Tuesday, February 11th. Finally, Piper Sandler lowered their price objective on shares of The Hain Celestial Group from $8.00 to $7.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Seven investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $6.44.

The Hain Celestial Group Stock Performance

Shares of The Hain Celestial Group stock opened at $3.92 on Wednesday. The company has a 50 day moving average of $4.47 and a 200-day moving average of $6.70. The Hain Celestial Group, Inc. has a 1-year low of $3.28 and a 1-year high of $9.43. The company has a current ratio of 1.90, a quick ratio of 1.00 and a debt-to-equity ratio of 0.90. The company has a market cap of $353.77 million, a PE ratio of -2.02 and a beta of 0.83.

The Hain Celestial Group (NASDAQ:HAIN) last issued its quarterly earnings results on Monday, February 10th. The company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates 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 earnings per share for the current fiscal 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.