Invesco Ltd. Purchases 4,293,945 Shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN)

Invesco Ltd. boosted its holdings in shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN - Free Report) by 272.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,870,075 shares of the company's stock after purchasing an additional 4,293,945 shares during the period. Invesco Ltd. owned approximately 6.51% of The Hain Celestial Group worth $36,101,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in HAIN. Van ECK Associates Corp boosted its stake in shares of The Hain Celestial Group by 49.0% during the 4th quarter. Van ECK Associates Corp now owns 10,805 shares of the company's stock worth $66,000 after acquiring an additional 3,554 shares in the last quarter. Sanctuary Advisors LLC acquired a new stake in The Hain Celestial Group during the 3rd quarter worth about $93,000. Virtu Financial LLC acquired a new position in shares of The Hain Celestial Group in the fourth quarter worth about $73,000. Quantinno Capital Management LP acquired a new position in The Hain Celestial Group in the 3rd quarter worth approximately $108,000. Finally, Grace & White Inc. NY acquired a new position in The Hain Celestial Group during the fourth quarter valued at $86,000. 97.01% of the stock is currently owned by institutional investors.

The Hain Celestial Group Stock Performance

HAIN traded up $0.02 during trading on Monday, reaching $2.99. 505,102 shares of the company's stock were exchanged, compared to its average volume of 1,488,389. The company has a market capitalization of $269.84 million, a P/E ratio of -1.54 and a beta of 0.93. 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 business has a 50 day moving average price of $3.82 and a 200 day moving average price of $5.90. The Hain Celestial Group, Inc. has a fifty-two week low of $2.68 and a fifty-two week high of $9.43.

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

Analyst Ratings Changes

A number of research analysts recently commented on HAIN shares. JPMorgan Chase & Co. lowered their price objective on shares of The Hain Celestial Group from $6.00 to $5.00 and set a "neutral" rating on the stock in a research report on Friday, March 14th. Maxim Group dropped their target price on The Hain Celestial Group from $15.00 to $10.00 and set a "buy" rating on the stock in a research report on Tuesday, February 11th. Piper Sandler dropped their price objective on 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. Stifel Nicolaus decreased their target price on shares of The Hain Celestial Group from $7.00 to $6.00 and set a "hold" rating for the company in a research report on Tuesday, February 11th. Finally, Evercore ISI decreased their price objective on shares of The Hain Celestial Group from $9.00 to $6.00 and set an "in-line" rating for the company in a report on Wednesday, February 12th. Seven equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $6.31.

The Hain Celestial Group Company 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.