Madison Investment Advisors LLC acquired a new stake in The Hain Celestial Group, Inc. (NASDAQ:HAIN - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 582,645 shares of the company's stock, valued at approximately $3,583,000. Madison Investment Advisors LLC owned about 0.65% of The Hain Celestial Group at the end of the most recent quarter.
A number of other institutional investors have also bought and sold shares of HAIN. US Bancorp DE grew its holdings in shares of The Hain Celestial Group by 10.3% in the third quarter. US Bancorp DE now owns 19,518 shares of the company's stock valued at $168,000 after purchasing an additional 1,815 shares during the period. Illinois Municipal Retirement Fund increased its stake in The Hain Celestial Group by 4.4% during the fourth quarter. Illinois Municipal Retirement Fund now owns 49,113 shares of the company's stock worth $302,000 after acquiring an additional 2,091 shares during the last quarter. FMR LLC raised 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. Franklin Resources Inc. increased its position in shares of The Hain Celestial Group by 5.7% during the 3rd quarter. Franklin Resources Inc. now owns 52,507 shares of the company's stock worth $445,000 after purchasing an additional 2,814 shares during the last quarter. Finally, Entropy Technologies LP raised its holdings in The Hain Celestial Group by 19.1% in the 3rd quarter. Entropy Technologies LP now owns 18,708 shares of the company's stock valued at $161,000 after buying an additional 3,000 shares during the period. 97.01% of the stock is owned by hedge funds and other institutional investors.
The Hain Celestial Group Stock Down 2.5 %
Shares of The Hain Celestial Group stock traded down $0.10 on Tuesday, reaching $3.92. 2,239,959 shares of the company were exchanged, compared to its average volume of 1,373,784. The stock's 50 day moving average price is $4.51 and its 200-day moving average price is $6.72. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.90 and a quick ratio of 1.00. The Hain Celestial Group, Inc. has a 1-year low of $3.28 and a 1-year high of $9.43. The company has a market cap of $353.77 million, a P/E ratio of -2.02 and a beta of 0.83.
The Hain Celestial Group (NASDAQ:HAIN - Get Free Report) last announced its quarterly earnings data on Monday, February 10th. The company reported $0.08 EPS for the quarter, missing analysts' consensus estimates of $0.12 by ($0.04). The Hain Celestial Group had a negative net margin of 10.51% and a positive return on equity of 2.88%. As a group, equities analysts forecast that The Hain Celestial Group, Inc. will post 0.4 EPS for the current year.
Wall Street Analyst Weigh In
Several brokerages have recently commented on HAIN. Barclays decreased their price objective on shares of The Hain Celestial Group from $6.00 to $5.00 and set an "equal weight" rating on the stock in a report on Tuesday, February 11th. Evercore ISI lowered their price target on The Hain Celestial Group from $9.00 to $6.00 and set an "in-line" rating for the company in a research report on Wednesday, February 12th. Stifel Nicolaus cut their price objective on The Hain Celestial Group from $7.00 to $6.00 and set a "hold" rating on the stock in a report on Tuesday, February 11th. Piper Sandler lowered their target price on The Hain Celestial Group from $8.00 to $7.00 and set a "neutral" rating for the company in a report on Thursday, January 16th. Finally, Mizuho dropped their target price on The Hain Celestial Group from $7.00 to $4.50 and set a "neutral" rating for the company in a research report on Tuesday, February 11th. Seven investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $6.44.
Check Out Our Latest Report on HAIN
The Hain Celestial Group Company 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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