Dimensional Fund Advisors LP Has $12.08 Million Stake in The Hain Celestial Group, Inc. (NASDAQ:HAIN)

Dimensional Fund Advisors LP cut its stake in The Hain Celestial Group, Inc. (NASDAQ:HAIN - Free Report) by 29.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,748,881 shares of the company's stock after selling 716,224 shares during the period. Dimensional Fund Advisors LP owned 1.95% of The Hain Celestial Group worth $12,084,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of HAIN. Vanguard Group Inc. raised its stake in shares of The Hain Celestial Group by 0.8% during the first quarter. Vanguard Group Inc. now owns 10,942,729 shares of the company's stock worth $86,010,000 after buying an additional 84,689 shares during the last quarter. PGGM Investments raised its stake in shares of The Hain Celestial Group by 1.3% during the second quarter. PGGM Investments now owns 4,183,854 shares of the company's stock worth $28,910,000 after buying an additional 51,912 shares during the last quarter. Invenomic Capital Management LP bought a new stake in shares of The Hain Celestial Group during the first quarter worth approximately $11,294,000. Federated Hermes Inc. raised its stake in shares of The Hain Celestial Group by 224.9% during the second quarter. Federated Hermes Inc. now owns 860,471 shares of the company's stock worth $5,946,000 after buying an additional 595,649 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of The Hain Celestial Group by 3.3% during the second quarter. Bank of New York Mellon Corp now owns 779,557 shares of the company's stock worth $5,387,000 after buying an additional 25,169 shares during the last quarter. 97.01% of the stock is owned by institutional investors.

The Hain Celestial Group Stock Up 1.5 %

HAIN traded up $0.13 during trading hours on Monday, hitting $8.85. 1,220,062 shares of the company's stock were exchanged, compared to its average volume of 1,212,322. The Hain Celestial Group, Inc. has a 1-year low of $5.68 and a 1-year high of $12.49. The stock's 50-day moving average is $7.69 and its two-hundred day moving average is $7.27. The stock has a market cap of $795.12 million, a price-to-earnings ratio of -8.55 and a beta of 0.75. The company has a quick ratio of 1.01, a current ratio of 1.98 and a debt-to-equity ratio of 0.78.

The Hain Celestial Group (NASDAQ:HAIN - Get Free Report) last announced its earnings results on Tuesday, August 27th. The company reported $0.13 EPS for the quarter, topping 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 business had revenue of $419.00 million during the quarter, compared to analysts' expectations of $417.99 million. During the same quarter in the prior year, the company posted $0.11 earnings per share. The firm's revenue was down 6.4% on a year-over-year basis. Sell-side analysts predict that The Hain Celestial Group, Inc. will post 0.49 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

HAIN has been the subject of a number of recent research reports. Stifel Nicolaus boosted 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 research note on Wednesday, August 28th. DA Davidson restated a "neutral" rating and set a $8.00 price objective on shares of The Hain Celestial Group in a report on Wednesday, August 28th. Piper Sandler restated a "neutral" rating and set a $8.00 price objective on shares of The Hain Celestial Group in a report on Thursday, September 19th. Finally, Barclays boosted 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 investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $10.88.

Insider Buying and Selling at The Hain Celestial Group

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

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.