Clearbridge Investments LLC raised its position in shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN - Free Report) by 16.8% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,283,033 shares of the company's stock after buying an additional 184,620 shares during the quarter. Clearbridge Investments LLC owned about 1.42% of The Hain Celestial Group worth $7,891,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Barrow Hanley Mewhinney & Strauss LLC boosted its stake in The Hain Celestial Group by 9.8% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 6,223,817 shares of the company's stock valued at $38,276,000 after acquiring an additional 555,195 shares in the last quarter. Triodos Investment Management BV boosted its position in shares of The Hain Celestial Group by 12.7% in the 4th quarter. Triodos Investment Management BV now owns 620,000 shares of the company's stock worth $3,813,000 after purchasing an additional 70,000 shares in the last quarter. JPMorgan Chase & Co. grew its stake in The Hain Celestial Group by 53.5% during the 4th quarter. JPMorgan Chase & Co. now owns 491,877 shares of the company's stock worth $3,025,000 after buying an additional 171,420 shares during the last quarter. Perkins Capital Management Inc. acquired a new position in The Hain Celestial Group during the 4th quarter valued at about $832,000. Finally, KLP Kapitalforvaltning AS purchased a new stake in The Hain Celestial Group in the fourth quarter valued at about $116,000. Hedge funds and other institutional investors own 97.01% of the company's stock.
The Hain Celestial Group Stock Performance
The Hain Celestial Group stock traded up $0.07 during mid-day trading on Monday, hitting $3.83. The company had a trading volume of 1,984,222 shares, compared to its average volume of 1,506,444. The company has a market capitalization of $345.65 million, a price-to-earnings ratio of -1.97 and a beta of 0.93. The Hain Celestial Group, Inc. has a 12-month low of $3.28 and a 12-month high of $9.43. The company's fifty day moving average is $4.18 and its 200-day moving average is $6.28. 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 Hain Celestial Group (NASDAQ:HAIN - Get Free Report) last announced 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 positive return on equity of 2.88% and a negative net margin of 10.51%. Equities research analysts predict that The Hain Celestial Group, Inc. will post 0.4 EPS for the current year.
Analysts Set New Price Targets
Several equities analysts recently commented on HAIN shares. Maxim Group decreased their price objective on shares of The Hain Celestial Group from $15.00 to $10.00 and set a "buy" rating for the company in a research report on Tuesday, February 11th. Piper Sandler dropped 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 report on Thursday, January 16th. Barclays reduced their target price on The Hain Celestial Group from $6.00 to $5.00 and set an "equal weight" rating for the company in a research note on Tuesday, February 11th. JPMorgan Chase & Co. dropped their price target on The Hain Celestial Group from $6.00 to $5.00 and set a "neutral" rating on the stock in a research note on Friday, March 14th. Finally, Mizuho reduced their price objective on The Hain Celestial Group from $7.00 to $4.50 and set a "neutral" rating for the company in a research note 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. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $6.44.
View Our Latest Stock Analysis on The Hain Celestial Group
The Hain Celestial Group Profile
(
Free Report)
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.
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