Millennium Management LLC Purchases 1,663,542 Shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN)

Millennium Management LLC increased its holdings in The Hain Celestial Group, Inc. (NASDAQ:HAIN - Free Report) by 171.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,634,718 shares of the company's stock after acquiring an additional 1,663,542 shares during the period. Millennium Management LLC owned about 2.93% of The Hain Celestial Group worth $18,206,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Invenomic Capital Management LP bought a new position in The Hain Celestial Group in the 1st quarter valued at $11,294,000. Federated Hermes Inc. grew its position in The Hain Celestial Group by 224.9% during the second quarter. Federated Hermes Inc. now owns 860,471 shares of the company's stock valued at $5,946,000 after buying an additional 595,649 shares during the period. AQR Capital Management LLC purchased a new stake in The Hain Celestial Group during the second quarter worth about $3,942,000. Blair William & Co. IL raised its position in The Hain Celestial Group by 418.3% in the first quarter. Blair William & Co. IL now owns 366,948 shares of the company's stock worth $2,884,000 after acquiring an additional 296,150 shares during the period. Finally, GSA Capital Partners LLP purchased a new position in The Hain Celestial Group in the first quarter valued at about $1,937,000. Institutional investors and hedge funds own 97.01% of the company's stock.

Insider Activity

In other news, insider Chad D. Marquardt purchased 5,300 shares of the company's stock in a transaction on Wednesday, September 4th. The stock was purchased at an average price of $8.32 per share, with a total value of $44,096.00. Following the completion of the purchase, the insider now directly owns 15,300 shares in the company, valued at approximately $127,296. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.72% of the company's stock.

Wall Street Analysts Forecast Growth

HAIN has been the topic of several research analyst reports. DA Davidson reiterated a "neutral" rating and issued a $8.00 price objective on shares of The Hain Celestial Group in a research note on Wednesday, August 28th. Piper Sandler reiterated a "neutral" rating and set a $8.00 price target on shares of The Hain Celestial Group in a research note on Thursday, September 19th. Stifel Nicolaus boosted their price objective on The Hain Celestial Group from $8.00 to $9.00 and gave the company a "hold" rating in a research note on Wednesday, August 28th. Finally, Barclays upped their price objective on shares of 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 equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $10.88.

The Hain Celestial Group Price Performance

Shares of The Hain Celestial Group stock traded up $0.17 on Friday, reaching $8.72. The stock had a trading volume of 955,825 shares, compared to its average volume of 1,212,171. The business's 50 day moving average is $7.69 and its two-hundred day moving average is $7.28. The company has a current ratio of 1.98, a quick ratio of 1.01 and a debt-to-equity ratio of 0.78. The Hain Celestial Group, Inc. has a 1 year low of $5.68 and a 1 year high of $12.49. The company has a market cap of $783.44 million, a P/E ratio of -8.55 and a beta of 0.75.

The Hain Celestial Group (NASDAQ:HAIN - Get Free Report) last announced its quarterly earnings results on Tuesday, August 27th. The company reported $0.13 EPS for the quarter, beating the consensus estimate of $0.08 by $0.05. The Hain Celestial Group had a negative net margin of 4.32% and a positive return on equity of 3.10%. The firm had revenue of $419.00 million during the quarter, compared to the consensus estimate of $417.99 million. During the same period last year, the firm earned $0.11 EPS. The business's quarterly revenue was down 6.4% compared to the same quarter last year. As a group, research analysts anticipate that The Hain Celestial Group, Inc. will post 0.49 EPS for the current year.

The Hain Celestial Group 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.