Prudential Financial Inc. Sells 140,215 Shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN)

Prudential Financial Inc. lowered its holdings in shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN - Free Report) by 13.5% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 898,066 shares of the company's stock after selling 140,215 shares during the quarter. Prudential Financial Inc. owned approximately 1.00% of The Hain Celestial Group worth $5,523,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Point72 Asia Singapore Pte. Ltd. grew its position in The Hain Celestial Group by 225.5% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 4,954 shares of the company's stock valued at $43,000 after buying an additional 3,432 shares during the period. Van ECK Associates Corp grew its position in shares of The Hain Celestial Group by 49.0% during the 4th quarter. Van ECK Associates Corp now owns 10,805 shares of the company's stock valued at $66,000 after acquiring an additional 3,554 shares during the period. Virtu Financial LLC bought a new stake in shares of The Hain Celestial Group during the 4th quarter valued at $73,000. Grace & White Inc. NY purchased a new stake in shares of The Hain Celestial Group in the 4th quarter worth $86,000. Finally, Sanctuary Advisors LLC bought a new position in The Hain Celestial Group in the 3rd quarter worth $93,000. Institutional investors own 97.01% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on HAIN. Barclays decreased their price objective on The Hain Celestial Group from $6.00 to $5.00 and set an "equal weight" rating on the stock in a research note on Tuesday, February 11th. Mizuho reduced their price objective on shares of The Hain Celestial Group from $7.00 to $4.50 and set a "neutral" rating for the company in a research note on Tuesday, February 11th. JPMorgan Chase & Co. lowered their target price on shares of The Hain Celestial Group from $6.00 to $5.00 and set a "neutral" rating on the stock in a research note on Friday, March 14th. Evercore ISI cut their price target on The Hain Celestial Group from $9.00 to $6.00 and set an "in-line" rating for the company in a research note on Wednesday, February 12th. Finally, Piper Sandler lowered their price objective on The Hain Celestial Group from $8.00 to $7.00 and set a "neutral" rating on the stock in a research report on Thursday, January 16th. Seven analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $6.44.

The Hain Celestial Group Price Performance

Shares of HAIN stock remained flat at $3.76 during trading hours on Friday. The stock had a trading volume of 1,747,180 shares, compared to its average volume of 1,506,846. The business has a 50 day simple moving average of $4.21 and a 200-day simple moving average of $6.33. The Hain Celestial Group, Inc. has a 1 year low of $3.28 and a 1 year high of $9.43. The stock has a market capitalization of $339.33 million, a PE ratio of -1.94 and a beta of 0.93. The company has a quick ratio of 1.00, a current ratio of 1.90 and a debt-to-equity ratio of 0.90.

The Hain Celestial Group (NASDAQ:HAIN - Get Free Report) last released its quarterly earnings data 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, equities research analysts predict that The Hain Celestial Group, Inc. will post 0.4 earnings per share for the current fiscal 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.