Perkins Capital Management Inc. Makes New Investment in The Hain Celestial Group, Inc. (NASDAQ:HAIN)

Perkins Capital Management Inc. purchased a new position in The Hain Celestial Group, Inc. (NASDAQ:HAIN - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 135,213 shares of the company's stock, valued at approximately $832,000. Perkins Capital Management Inc. owned 0.15% of The Hain Celestial Group at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Point72 Asia Singapore Pte. Ltd. raised its position in The Hain Celestial Group by 225.5% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 4,954 shares of the company's stock valued at $43,000 after purchasing an additional 3,432 shares during the last quarter. Van ECK Associates Corp increased its stake in shares of The Hain Celestial Group by 49.0% during the fourth quarter. Van ECK Associates Corp now owns 10,805 shares of the company's stock valued at $66,000 after buying an additional 3,554 shares during the period. EP Wealth Advisors LLC bought a new position in shares of The Hain Celestial Group during the third quarter valued at approximately $94,000. Sanctuary Advisors LLC bought a new position in shares of The Hain Celestial Group during the third quarter valued at approximately $93,000. Finally, Virtu Financial LLC purchased a new stake in The Hain Celestial Group in the fourth quarter worth $73,000. Institutional investors own 97.01% of the company's stock.

The Hain Celestial Group Stock Down 1.2 %

The Hain Celestial Group stock traded down $0.05 during mid-day trading on Friday, hitting $4.11. The company had a trading volume of 1,912,554 shares, compared to its average volume of 1,507,196. The Hain Celestial Group, Inc. has a 12 month low of $3.28 and a 12 month high of $9.43. The company has a market capitalization of $370.92 million, a PE ratio of -2.12 and a beta of 0.83. The stock's 50 day moving average price is $4.31 and its two-hundred day moving average price is $6.47. The company has a current ratio of 1.90, a quick ratio of 1.00 and a debt-to-equity ratio of 0.90.

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The Hain Celestial Group (NASDAQ:HAIN - Get Free Report) last announced its quarterly earnings results on Monday, February 10th. The company reported $0.08 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.12 by ($0.04). The Hain Celestial Group had a positive return on equity of 2.88% and a negative net margin of 10.51%. As a group, sell-side analysts anticipate that The Hain Celestial Group, Inc. will post 0.4 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

HAIN has been the subject of several research reports. Evercore ISI decreased their price objective on shares of The Hain Celestial Group from $9.00 to $6.00 and set an "in-line" rating for the company in a report on Wednesday, February 12th. Piper Sandler decreased their price target on shares of The Hain Celestial Group from $8.00 to $7.00 and set a "neutral" rating for the company in a research note on Thursday, January 16th. 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 research report on Tuesday, February 11th. JPMorgan Chase & Co. decreased their target price on The Hain Celestial Group from $6.00 to $5.00 and set a "neutral" rating for the company in a research report on Friday, March 14th. Finally, Maxim Group dropped their price target on The Hain Celestial Group from $15.00 to $10.00 and set a "buy" rating on the stock in a research report on Tuesday, February 11th. Seven research analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $6.44.

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.