Point72 Asset Management L.P. reduced its stake in The Hain Celestial Group, Inc. (NASDAQ:HAIN - Free Report) by 29.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 165,600 shares of the company's stock after selling 67,820 shares during the period. Point72 Asset Management L.P. owned 0.18% of The Hain Celestial Group worth $1,429,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also made changes to their positions in the stock. Quest Partners LLC boosted its stake in The Hain Celestial Group by 387.1% during the third quarter. Quest Partners LLC now owns 212,655 shares of the company's stock valued at $1,835,000 after buying an additional 168,996 shares in the last quarter. Deerfield Management Company L.P. Series C boosted its position in shares of The Hain Celestial Group by 391.6% during the 2nd quarter. Deerfield Management Company L.P. Series C now owns 124,589 shares of the company's stock valued at $861,000 after purchasing an additional 99,246 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of The Hain Celestial Group during the 3rd quarter valued at about $2,515,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of The Hain Celestial Group by 83.4% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 27,580 shares of the company's stock worth $238,000 after purchasing an additional 12,542 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC raised its holdings in shares of The Hain Celestial Group by 54.9% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 1,224,590 shares of the company's stock worth $10,568,000 after purchasing an additional 434,070 shares in the last quarter. 97.01% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
HAIN has been the subject of a number of research reports. Piper Sandler restated a "neutral" rating and set a $8.00 target price on shares of The Hain Celestial Group in a report on Thursday, September 19th. Barclays reduced their price objective on The Hain Celestial Group from $9.00 to $8.00 and set an "equal weight" rating for the company in a research note on Monday, November 11th. DA Davidson cut their target price on The Hain Celestial Group from $9.00 to $8.00 and set a "neutral" rating on the stock in a research report on Tuesday, November 12th. Finally, Stifel Nicolaus increased their price target on The Hain Celestial Group from $8.00 to $9.00 and gave the company a "hold" rating in a research report on Wednesday, August 28th. Six investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, The Hain Celestial Group has an average rating of "Hold" and a consensus target price of $9.43.
Read Our Latest Research Report on HAIN
The Hain Celestial Group Stock Down 1.9 %
Shares of The Hain Celestial Group stock traded down $0.15 during midday trading on Wednesday, hitting $7.93. The company's stock had a trading volume of 1,355,786 shares, compared to its average volume of 1,195,982. The Hain Celestial Group, Inc. has a 1-year low of $5.68 and a 1-year high of $11.68. The company has a quick ratio of 1.05, a current ratio of 2.01 and a debt-to-equity ratio of 0.76. The firm has a market capitalization of $715.21 million, a P/E ratio of -8.44 and a beta of 0.72. The stock has a 50-day simple moving average of $8.27 and a 200-day simple moving average of $7.73.
The Hain Celestial Group (NASDAQ:HAIN - Get Free Report) last announced its quarterly earnings data on Thursday, November 7th. The company reported ($0.04) EPS for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.02). The business had revenue of $394.60 million for the quarter, compared to analyst estimates of $394.24 million. The Hain Celestial Group had a positive return on equity of 3.13% and a negative net margin of 4.94%. The company's revenue was down 7.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.04) earnings per share. As a group, sell-side analysts expect that The Hain Celestial Group, Inc. will post 0.44 earnings per share for the current year.
About The Hain Celestial Group
(
Free Report)
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.
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