Geode Capital Management LLC lifted its stake in shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN - Free Report) by 6.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,229,181 shares of the company's stock after purchasing an additional 142,097 shares during the quarter. Geode Capital Management LLC owned about 2.47% of The Hain Celestial Group worth $19,241,000 at the end of the most recent quarter.
Several other hedge funds have also recently modified their holdings of the stock. Creative Planning raised its position in 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 buying an additional 1,272 shares during the last quarter. CWM LLC increased its stake in shares of The Hain Celestial Group by 14.5% during the third quarter. CWM LLC now owns 10,098 shares of the company's stock worth $87,000 after acquiring an additional 1,276 shares during the period. US Bancorp DE raised its holdings in The Hain Celestial Group by 10.3% during the third quarter. US Bancorp DE now owns 19,518 shares of the company's stock worth $168,000 after purchasing an additional 1,815 shares in the last quarter. Signaturefd LLC lifted its position in The Hain Celestial Group by 125.9% in the second quarter. Signaturefd LLC now owns 3,994 shares of the company's stock valued at $28,000 after purchasing an additional 2,226 shares during the period. Finally, FMR LLC lifted its position in The Hain Celestial Group by 14.9% in the third quarter. FMR LLC now owns 17,580 shares of the company's stock valued at $152,000 after purchasing an additional 2,280 shares during the period. 97.01% of the stock is owned by institutional investors and hedge funds.
The Hain Celestial Group Price Performance
HAIN stock traded up $0.02 during midday trading on Friday, hitting $6.50. 1,940,486 shares of the stock were exchanged, compared to its average volume of 1,205,840. The stock's 50-day moving average price is $7.87 and its 200-day moving average price is $7.69. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.05 and a current ratio of 2.01. The stock has a market cap of $586.26 million, a price-to-earnings ratio of -6.91 and a beta of 0.71. The Hain Celestial Group, Inc. has a fifty-two week low of $5.68 and a fifty-two week high of $11.68.
The Hain Celestial Group (NASDAQ:HAIN - Get Free Report) last announced its quarterly earnings results on Thursday, November 7th. The company reported ($0.04) earnings per share for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.02). The firm had revenue of $394.60 million during the quarter, compared to analysts' expectations of $394.24 million. The Hain Celestial Group had a negative net margin of 4.94% and a positive return on equity of 3.13%. The company's quarterly revenue was down 7.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.04) EPS. Research analysts predict that The Hain Celestial Group, Inc. will post 0.44 earnings per share for the current year.
Wall Street Analyst Weigh In
Several equities analysts have issued reports on the company. Piper Sandler reiterated a "neutral" rating and set a $8.00 target price on shares of The Hain Celestial Group in a research report on Thursday, September 19th. Barclays dropped their price objective on The Hain Celestial Group from $9.00 to $8.00 and set an "equal weight" rating on the stock in a report on Monday, November 11th. Finally, DA Davidson reduced their target price on The Hain Celestial Group from $9.00 to $8.00 and set a "neutral" rating for the company in a report on Tuesday, November 12th. Six analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $9.43.
Check Out Our Latest Research Report on The Hain Celestial Group
About The Hain Celestial Group
(
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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