Sasco Capital Inc. CT Decreases Stake in The Hain Celestial Group, Inc. (NASDAQ:HAIN)

Sasco Capital Inc. CT lessened its holdings in The Hain Celestial Group, Inc. (NASDAQ:HAIN - Free Report) by 14.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,727,099 shares of the company's stock after selling 280,110 shares during the quarter. The Hain Celestial Group accounts for about 2.2% of Sasco Capital Inc. CT's holdings, making the stock its 28th biggest position. Sasco Capital Inc. CT owned approximately 1.92% of The Hain Celestial Group worth $14,905,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Creative Planning raised its holdings in The Hain Celestial Group by 3.6% during the third quarter. Creative Planning now owns 36,298 shares of the company's stock worth $313,000 after purchasing an additional 1,272 shares during the last quarter. CWM LLC raised its stake in shares of The Hain Celestial Group by 14.5% during the 3rd quarter. CWM LLC now owns 10,098 shares of the company's stock worth $87,000 after buying an additional 1,276 shares during the last quarter. US Bancorp DE boosted its position in shares of The Hain Celestial Group by 10.3% in the 3rd quarter. US Bancorp DE now owns 19,518 shares of the company's stock worth $168,000 after buying an additional 1,815 shares in the last quarter. Signaturefd LLC grew its stake in The Hain Celestial Group by 125.9% in the 2nd quarter. Signaturefd LLC now owns 3,994 shares of the company's stock valued at $28,000 after acquiring an additional 2,226 shares during the last quarter. Finally, Allworth Financial LP increased its holdings in The Hain Celestial Group by 433.5% during the 3rd quarter. Allworth Financial LP now owns 2,982 shares of the company's stock valued at $26,000 after acquiring an additional 2,423 shares in the last quarter. Institutional investors and hedge funds own 97.01% of the company's stock.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Barclays lowered their price target on shares of The Hain Celestial Group from $9.00 to $8.00 and set an "equal weight" rating on the stock in a research report on Monday, November 11th. Piper Sandler reissued a "neutral" rating and set a $8.00 price target on shares of The Hain Celestial Group in a research report on Thursday, September 19th. Stifel Nicolaus upped their price objective 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. Finally, DA Davidson dropped their price objective on The Hain Celestial Group from $9.00 to $8.00 and set a "neutral" rating for the company in a research report on Tuesday, November 12th. Six investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $9.43.

Insiders Place Their Bets

In related news, insider Chad D. Marquardt bought 5,300 shares of the firm's stock in a transaction dated Wednesday, September 4th. The stock was bought at an average price of $8.32 per share, with a total value of $44,096.00. Following the completion of the transaction, the insider now directly owns 15,300 shares of the company's stock, valued at approximately $127,296. This represents a 53.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.83% of the stock is owned by insiders.

The Hain Celestial Group Trading Up 1.8 %

Shares of HAIN traded up $0.13 during mid-day trading on Tuesday, reaching $7.36. The company had a trading volume of 1,552,320 shares, compared to its average volume of 1,201,675. The Hain Celestial Group, Inc. has a fifty-two week low of $5.68 and a fifty-two week high of $11.68. The firm has a fifty day simple moving average of $8.24 and a 200-day simple moving average of $7.61. The stock has a market cap of $663.80 million, a price-to-earnings ratio of -7.83 and a beta of 0.74. The company has a current ratio of 2.01, a quick ratio of 1.05 and a debt-to-equity ratio of 0.76.

The Hain Celestial Group (NASDAQ:HAIN - Get Free Report) last posted its quarterly earnings results on Thursday, November 7th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.02). The firm had revenue of $394.60 million for the quarter, compared to analysts' expectations of $394.24 million. The Hain Celestial Group had a negative net margin of 4.94% and a positive return on equity of 3.13%. The Hain Celestial Group's revenue was down 7.2% on a year-over-year basis. During the same period last year, the firm posted ($0.04) EPS. On average, sell-side analysts anticipate that The Hain Celestial Group, Inc. will post 0.47 EPS 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.