Deerfield Management Company L.P. Series C Purchases 99,246 Shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN)

Deerfield Management Company L.P. Series C boosted its stake in The Hain Celestial Group, Inc. (NASDAQ:HAIN - Free Report) by 391.6% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 124,589 shares of the company's stock after buying an additional 99,246 shares during the period. Deerfield Management Company L.P. Series C owned approximately 0.14% of The Hain Celestial Group worth $861,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. AQR Capital Management LLC acquired a new position in The Hain Celestial Group in the 2nd quarter valued at $3,942,000. Caxton Associates LP boosted its position in The Hain Celestial Group by 41.7% in the second quarter. Caxton Associates LP now owns 92,881 shares of the company's stock valued at $642,000 after buying an additional 27,335 shares in the last quarter. Squarepoint Ops LLC boosted its holdings in shares of The Hain Celestial Group by 146.8% during the 2nd quarter. Squarepoint Ops LLC now owns 40,060 shares of the company's stock valued at $277,000 after acquiring an additional 23,825 shares in the last quarter. Cubist Systematic Strategies LLC increased its holdings in The Hain Celestial Group by 15.9% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 597,895 shares of the company's stock worth $4,131,000 after purchasing an additional 82,184 shares in the last quarter. Finally, Evergreen Capital Management LLC bought a new position in The Hain Celestial Group in the second quarter valued at about $72,000. 97.01% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on HAIN. Piper Sandler reaffirmed a "neutral" rating and issued a $8.00 price objective on shares of The Hain Celestial Group in a research note on Thursday, September 19th. DA Davidson reaffirmed a "neutral" rating and set a $8.00 price target on shares of The Hain Celestial Group in a research note on Wednesday, August 28th. Stifel Nicolaus lifted their price target on shares of The Hain Celestial Group from $8.00 to $9.00 and gave the stock a "hold" rating in a report on Wednesday, August 28th. Finally, Barclays increased their price objective on The Hain Celestial Group from $7.00 to $9.00 and gave the company an "equal weight" rating in a report on Thursday, August 29th. Seven research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $10.88.

Insider Activity at The Hain Celestial Group

In related news, insider Chad D. Marquardt bought 5,300 shares of The Hain Celestial Group stock in a transaction on Wednesday, September 4th. The stock was acquired at an average price of $8.32 per share, with a total value of $44,096.00. Following the acquisition, the insider now directly owns 15,300 shares of the company's stock, valued at $127,296. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.72% of the stock is currently owned by corporate insiders.

The Hain Celestial Group Stock Up 3.8 %

Shares of HAIN stock traded up $0.31 on Friday, hitting $8.57. The stock had a trading volume of 1,118,560 shares, compared to its average volume of 1,202,571. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.98 and a quick ratio of 1.01. The business has a 50 day moving average of $7.57 and a 200 day moving average of $7.28. The Hain Celestial Group, Inc. has a 12-month low of $5.68 and a 12-month high of $12.49. The stock has a market cap of $769.96 million, a price-to-earnings ratio of -8.40 and a beta of 0.75.

The Hain Celestial Group (NASDAQ:HAIN - Get Free Report) last announced its quarterly earnings data on Tuesday, August 27th. The company reported $0.13 EPS for the quarter, topping the consensus estimate of $0.08 by $0.05. The business had revenue of $419.00 million for the quarter, compared to analyst estimates of $417.99 million. The Hain Celestial Group had a negative net margin of 4.32% and a positive return on equity of 3.10%. The company's revenue for the quarter was down 6.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.11 earnings per share. As a group, analysts expect that The Hain Celestial Group, Inc. will post 0.49 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.