BNP Paribas Financial Markets Buys 78,921 Shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN)

BNP Paribas Financial Markets boosted its position in The Hain Celestial Group, Inc. (NASDAQ:HAIN - Free Report) by 86.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 170,260 shares of the company's stock after buying an additional 78,921 shares during the quarter. BNP Paribas Financial Markets owned approximately 0.19% of The Hain Celestial Group worth $1,469,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the company. Quest Partners LLC raised its stake in The Hain Celestial Group by 387.1% in the 3rd quarter. Quest Partners LLC now owns 212,655 shares of the company's stock valued at $1,835,000 after acquiring an additional 168,996 shares during the period. Deerfield Management Company L.P. Series C raised its position in shares of The Hain Celestial Group by 391.6% in the second quarter. Deerfield Management Company L.P. Series C now owns 124,589 shares of the company's stock valued at $861,000 after purchasing an additional 99,246 shares during the period. First Eagle Investment Management LLC raised its position in shares of The Hain Celestial Group by 12.1% in the second quarter. First Eagle Investment Management LLC now owns 730,854 shares of the company's stock valued at $5,050,000 after purchasing an additional 79,000 shares during the period. Cornercap Investment Counsel Inc. purchased a new stake in shares of The Hain Celestial Group during the 2nd quarter valued at approximately $479,000. Finally, Landscape Capital Management L.L.C. boosted its holdings in The Hain Celestial Group by 299.8% in the 3rd quarter. Landscape Capital Management L.L.C. now owns 140,854 shares of the company's stock worth $1,216,000 after buying an additional 105,622 shares during the period. 97.01% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on HAIN shares. Stifel Nicolaus raised their price target on The Hain Celestial Group from $8.00 to $9.00 and gave the stock a "hold" rating in a report on Wednesday, August 28th. DA Davidson decreased their target price on shares of The Hain Celestial Group from $9.00 to $8.00 and set a "neutral" rating on the stock in a report on Tuesday, November 12th. Piper Sandler reaffirmed a "neutral" rating and issued a $8.00 price target on shares of The Hain Celestial Group in a report on Thursday, September 19th. Finally, Barclays reduced their target price on The Hain Celestial Group from $9.00 to $8.00 and set an "equal weight" rating for the company in a research report on Monday, November 11th. Six equities research 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 price target of $9.43.

The Hain Celestial Group Trading Down 2.4 %

HAIN stock traded down $0.20 during mid-day trading on Monday, hitting $8.07. 967,097 shares of the stock were exchanged, compared to its average volume of 1,194,820. The company has a current ratio of 2.01, a quick ratio of 1.05 and a debt-to-equity ratio of 0.76. The business has a fifty day moving average price of $8.32 and a 200 day moving average price of $7.71. The Hain Celestial Group, Inc. has a 12 month low of $5.68 and a 12 month high of $11.68.

The Hain Celestial Group (NASDAQ:HAIN - Get Free Report) last issued its quarterly earnings results on Thursday, November 7th. The company reported ($0.04) EPS for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.02). The Hain Celestial Group had a negative net margin of 4.94% and a positive return on equity of 3.13%. The business had revenue of $394.60 million for the quarter, compared to the consensus estimate of $394.24 million. During the same quarter in the previous year, the business earned ($0.04) earnings per share. The firm's revenue was down 7.2% on a year-over-year basis. As a group, equities analysts anticipate that The Hain Celestial Group, Inc. will post 0.44 EPS for the current fiscal year.

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.