Blair William & Co. IL Decreases Stake in The Hain Celestial Group, Inc. (NASDAQ:HAIN)

Blair William & Co. IL cut its stake in shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN - Free Report) by 26.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 223,958 shares of the company's stock after selling 82,176 shares during the quarter. Blair William & Co. IL owned about 0.25% of The Hain Celestial Group worth $1,377,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in HAIN. Point72 Asia Singapore Pte. Ltd. raised its position in The Hain Celestial Group by 225.5% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 4,954 shares of the company's stock worth $43,000 after buying an additional 3,432 shares during the last quarter. Van ECK Associates Corp lifted its position in The Hain Celestial Group by 49.0% during the fourth quarter. Van ECK Associates Corp now owns 10,805 shares of the company's stock valued at $66,000 after purchasing an additional 3,554 shares during the period. EP Wealth Advisors LLC acquired a new position in The Hain Celestial Group during the third quarter valued at $94,000. Sanctuary Advisors LLC purchased a new stake in The Hain Celestial Group in the third quarter valued at $93,000. Finally, Virtu Financial LLC acquired a new stake in The Hain Celestial Group during the 4th quarter worth about $73,000. 97.01% of the stock is owned by institutional investors and hedge funds.

The Hain Celestial Group Price Performance

Shares of HAIN stock traded up $0.07 on Monday, reaching $3.83. 1,984,222 shares of the company were exchanged, compared to its average volume of 1,506,444. 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 debt-to-equity ratio of 0.90, a quick ratio of 1.00 and a current ratio of 1.90. The business has a 50-day moving average price of $4.18 and a 200 day moving average price of $6.28. The company has a market cap of $345.65 million, a price-to-earnings ratio of -1.97 and a beta of 0.93.

The Hain Celestial Group (NASDAQ:HAIN - Get Free Report) last posted its quarterly earnings data on Monday, February 10th. The company reported $0.08 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%. Equities research analysts forecast that The Hain Celestial Group, Inc. will post 0.4 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Maxim Group decreased their price objective on The Hain Celestial Group from $15.00 to $10.00 and set a "buy" rating for the company in a report on Tuesday, February 11th. Stifel Nicolaus lowered their price objective on 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. JPMorgan Chase & Co. cut their target price on shares of The Hain Celestial Group from $6.00 to $5.00 and set a "neutral" rating for the company in a report on Friday, March 14th. Evercore ISI decreased their target price on shares of The Hain Celestial Group from $9.00 to $6.00 and set an "in-line" rating for the company in a research note on Wednesday, February 12th. Finally, Piper Sandler dropped their price target on shares of 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. Seven investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, The Hain Celestial Group presently has an average rating of "Hold" and a consensus target price of $6.44.

The Hain Celestial Group 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.