Rice Hall James & Associates LLC Invests $2.65 Million in The Hain Celestial Group, Inc. (NASDAQ:HAIN)

Rice Hall James & Associates LLC purchased a new position in shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 431,215 shares of the company's stock, valued at approximately $2,652,000. Rice Hall James & Associates LLC owned 0.48% of The Hain Celestial Group at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Creative Planning raised its position in shares of The Hain Celestial Group by 3.6% during the 3rd quarter. Creative Planning now owns 36,298 shares of the company's stock worth $313,000 after purchasing an additional 1,272 shares during the period. CWM LLC raised its position in shares of The Hain Celestial Group by 14.5% during the 3rd quarter. CWM LLC now owns 10,098 shares of the company's stock worth $87,000 after purchasing an additional 1,276 shares during the period. US Bancorp DE raised its position in shares of The Hain Celestial Group by 10.3% during the 3rd quarter. US Bancorp DE now owns 19,518 shares of the company's stock worth $168,000 after purchasing an additional 1,815 shares during the period. FMR LLC raised its position in shares of The Hain Celestial Group by 14.9% during the 3rd quarter. FMR LLC now owns 17,580 shares of the company's stock worth $152,000 after purchasing an additional 2,280 shares during the period. Finally, Allworth Financial LP raised its position in shares of The Hain Celestial Group by 433.5% during the 3rd quarter. Allworth Financial LP now owns 2,982 shares of the company's stock worth $26,000 after purchasing an additional 2,423 shares during the period. 97.01% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Ratings Changes

HAIN has been the topic of a number of research reports. DA Davidson dropped their price target 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. Piper Sandler lowered their target price on The Hain Celestial Group from $8.00 to $7.00 and set a "neutral" rating on the stock in a research report on Thursday, January 16th. Evercore ISI lowered their target price on The Hain Celestial Group from $9.00 to $6.00 and set an "in-line" rating on the stock in a research report on Wednesday, February 12th. Mizuho lowered their target price on 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. Finally, Barclays lowered their target price on 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. Seven investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $6.56.

The Hain Celestial Group Price Performance

NASDAQ HAIN traded up $0.14 on Friday, reaching $4.18. 2,477,926 shares of the stock traded hands, compared to its average volume of 1,833,331. The firm's fifty day simple moving average is $5.30 and its 200 day simple moving average is $7.05. 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 company has a market cap of $377.25 million, a price-to-earnings ratio of -2.15 and a beta of 0.74. The Hain Celestial Group, Inc. has a 12 month low of $3.28 and a 12 month high of $10.07.

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