Segall Bryant & Hamill LLC Reduces Position in The Hain Celestial Group, Inc. (NASDAQ:HAIN)

Segall Bryant & Hamill LLC lowered its position in shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN - Free Report) by 6.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,540,536 shares of the company's stock after selling 110,638 shares during the quarter. Segall Bryant & Hamill LLC owned 1.71% of The Hain Celestial Group worth $9,474,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of HAIN. Wealthfront Advisers LLC bought a new stake in shares of The Hain Celestial Group during the 4th quarter valued at $370,371,000. Madison Investment Advisors LLC purchased a new stake in The Hain Celestial Group in the 4th quarter worth $3,583,000. Hotchkis & Wiley Capital Management LLC raised its holdings in The Hain Celestial Group by 54.9% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 1,224,590 shares of the company's stock valued at $10,568,000 after acquiring an additional 434,070 shares during the period. Rice Hall James & Associates LLC purchased a new position in shares of The Hain Celestial Group in the fourth quarter valued at about $2,652,000. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of The Hain Celestial Group in the third quarter worth about $2,515,000. 97.01% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently issued reports on HAIN. Stifel Nicolaus decreased their target price on The Hain Celestial Group from $7.00 to $6.00 and set a "hold" rating on the stock in a research note on Tuesday, February 11th. Barclays lowered their target price on shares of The Hain Celestial Group from $6.00 to $5.00 and set an "equal weight" rating on the stock in a report on Tuesday, February 11th. Mizuho reduced their price target on shares of The Hain Celestial Group from $7.00 to $4.50 and set a "neutral" rating on the stock in a report on Tuesday, February 11th. Maxim Group dropped their price objective on shares of The Hain Celestial Group from $15.00 to $10.00 and set a "buy" rating for the company in a report on Tuesday, February 11th. Finally, Piper Sandler reduced their target price on The Hain Celestial Group from $8.00 to $7.00 and set a "neutral" rating on the stock in a report on Thursday, January 16th. Seven research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $6.44.

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The Hain Celestial Group Price Performance

Shares of The Hain Celestial Group stock traded up $0.04 during trading hours on Monday, reaching $4.15. The company's stock had a trading volume of 1,880,172 shares, compared to its average volume of 1,508,682. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.90 and a quick ratio of 1.00. The Hain Celestial Group, Inc. has a one year low of $3.28 and a one year high of $9.43. The firm has a 50 day moving average price of $4.30 and a 200-day moving average price of $6.42. The stock has a market cap of $374.53 million, a P/E ratio of -2.14 and a beta of 0.83.

The Hain Celestial Group (NASDAQ:HAIN - Get Free Report) last issued its quarterly earnings data on Monday, February 10th. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate 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%. On average, analysts predict that The Hain Celestial Group, Inc. will post 0.4 EPS for the current 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.