The Hain Celestial Group, Inc. (NASDAQ:HAIN) Shares Bought by Sei Investments Co.

Sei Investments Co. boosted its holdings in shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN - Free Report) by 179.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 151,103 shares of the company's stock after buying an additional 97,016 shares during the quarter. Sei Investments Co. owned 0.17% of The Hain Celestial Group worth $1,044,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of HAIN. Signaturefd LLC grew its holdings in The Hain Celestial Group by 125.9% during the second quarter. Signaturefd LLC now owns 3,994 shares of the company's stock worth $28,000 after acquiring an additional 2,226 shares during the period. nVerses Capital LLC grew its stake in shares of The Hain Celestial Group by 161.1% during the 2nd quarter. nVerses Capital LLC now owns 4,700 shares of the company's stock worth $32,000 after purchasing an additional 2,900 shares during the period. CWM LLC increased its holdings in shares of The Hain Celestial Group by 357.8% during the 2nd quarter. CWM LLC now owns 8,822 shares of the company's stock valued at $61,000 after purchasing an additional 6,895 shares in the last quarter. Choreo LLC acquired a new position in shares of The Hain Celestial Group in the 2nd quarter valued at $71,000. Finally, Intech Investment Management LLC purchased a new stake in The Hain Celestial Group during the second quarter worth $82,000. 97.01% of the stock is currently owned by institutional investors and hedge funds.

The Hain Celestial Group Price Performance

Shares of The Hain Celestial Group stock traded down $0.14 during trading hours on Tuesday, reaching $8.71. 1,228,791 shares of the company's stock were exchanged, compared to its average volume of 1,212,407. The company has a market capitalization of $782.54 million, a P/E ratio of -8.54 and a beta of 0.75. The Hain Celestial Group, Inc. has a 1 year low of $5.68 and a 1 year high of $12.49. The business has a fifty day moving average of $7.72 and a two-hundred day moving average of $7.27. 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 issued its earnings results on Tuesday, August 27th. The company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.05. The Hain Celestial Group had a positive return on equity of 3.10% and a negative net margin of 4.32%. The business had revenue of $419.00 million for the quarter, compared to analysts' expectations of $417.99 million. During the same period in the previous year, the firm posted $0.11 EPS. The business's revenue for the quarter was down 6.4% compared to the same quarter last year. As a group, research analysts predict that The Hain Celestial Group, Inc. will post 0.49 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Piper Sandler reaffirmed a "neutral" rating and issued a $8.00 price objective on shares of The Hain Celestial Group in a report on Thursday, September 19th. DA Davidson restated a "neutral" rating and issued a $8.00 price target on shares of The Hain Celestial Group in a research note on Wednesday, August 28th. Stifel Nicolaus upped their price target on 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 raised 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 equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, The Hain Celestial Group currently has an average rating of "Hold" and an average target price of $10.88.

Insider Buying and Selling

In other news, insider Chad D. Marquardt purchased 5,300 shares of the business's stock in a transaction dated Wednesday, September 4th. The stock was acquired at an average price of $8.32 per share, for a total transaction of $44,096.00. Following the acquisition, the insider now directly owns 15,300 shares of the company's stock, valued at approximately $127,296. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.72% of the stock is owned by company insiders.

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.