JPMorgan Chase & Co. Has $2.77 Million Stock Holdings in The Hain Celestial Group, Inc. (NASDAQ:HAIN)

JPMorgan Chase & Co. raised its stake in The Hain Celestial Group, Inc. (NASDAQ:HAIN - Free Report) by 68.7% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 320,457 shares of the company's stock after acquiring an additional 130,477 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.36% of The Hain Celestial Group worth $2,766,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Barclays PLC boosted its position in The Hain Celestial Group by 124.6% during the third quarter. Barclays PLC now owns 182,609 shares of the company's stock worth $1,576,000 after acquiring an additional 101,290 shares during the last quarter. Quest Partners LLC grew its position in shares of The Hain Celestial Group by 387.1% in the third quarter. Quest Partners LLC now owns 212,655 shares of the company's stock valued at $1,835,000 after purchasing an additional 168,996 shares during the period. Deerfield Management Company L.P. Series C increased its stake in 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 last quarter. Geode Capital Management LLC lifted its position in The Hain Celestial Group by 6.8% during the third quarter. Geode Capital Management LLC now owns 2,229,181 shares of the company's stock worth $19,241,000 after buying an additional 142,097 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in The Hain Celestial Group in the 3rd quarter worth about $2,515,000. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have issued reports on HAIN. DA Davidson lowered their price target on The Hain Celestial Group from $9.00 to $8.00 and set a "neutral" rating for the company in a research report on Tuesday, November 12th. Piper Sandler cut 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 report on Thursday, January 16th. Finally, Barclays decreased their price objective on shares of The Hain Celestial Group from $8.00 to $6.00 and set an "equal weight" rating for the company in a research note on Friday. Six research analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $9.00.

The Hain Celestial Group Stock Down 0.4 %

NASDAQ:HAIN opened at $4.69 on Tuesday. The company has a quick ratio of 1.05, a current ratio of 2.01 and a debt-to-equity ratio of 0.76. The stock has a 50 day moving average of $6.87 and a 200-day moving average of $7.52. The Hain Celestial Group, Inc. has a 52 week low of $4.47 and a 52 week high of $11.68.

The Hain Celestial Group (NASDAQ:HAIN - Get Free Report) last released its quarterly earnings results on Thursday, November 7th. The company reported ($0.04) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.02). The Hain Celestial Group had a positive return on equity of 3.13% and a negative net margin of 4.94%. The firm had revenue of $394.60 million for the quarter, compared to the consensus estimate of $394.24 million. During the same quarter in the prior year, the company posted ($0.04) EPS. The firm's revenue was down 7.2% on a year-over-year basis. Sell-side analysts expect that The Hain Celestial Group, Inc. will post 0.43 EPS for the current year.

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.