Barrow Hanley Mewhinney & Strauss LLC grew its position in The Hain Celestial Group, Inc. (NASDAQ:HAIN - Free Report) by 9.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,223,817 shares of the company's stock after purchasing an additional 555,195 shares during the period. Barrow Hanley Mewhinney & Strauss LLC owned about 6.90% of The Hain Celestial Group worth $38,276,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Wealthfront Advisers LLC acquired a new position in The Hain Celestial Group in the 4th quarter worth $370,371,000. Barclays PLC boosted its position in The Hain Celestial Group by 124.6% during the 3rd quarter. Barclays PLC now owns 182,609 shares of the company's stock worth $1,576,000 after acquiring an additional 101,290 shares during the last quarter. Proficio Capital Partners LLC bought a new position in shares of The Hain Celestial Group during the 4th quarter worth approximately $142,000. Madison Investment Advisors LLC acquired a new stake in shares of The Hain Celestial Group in the fourth quarter valued at approximately $3,583,000. Finally, Rice Hall James & Associates LLC bought a new stake in shares of The Hain Celestial Group in the fourth quarter worth $2,652,000. 97.01% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
HAIN has been the subject of a number of analyst reports. JPMorgan Chase & Co. decreased their target price on shares of 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. Piper Sandler decreased their price objective on The Hain Celestial Group from $8.00 to $7.00 and set a "neutral" rating for the company in a report on Thursday, January 16th. Stifel Nicolaus lowered 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 report on Tuesday, February 11th. Evercore ISI reduced 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 report on Wednesday, February 12th. Finally, Maxim Group decreased their price target on The Hain Celestial Group from $15.00 to $10.00 and set a "buy" rating for the company in a research note on Tuesday, February 11th. Seven 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 Hain Celestial Group has an average rating of "Hold" and a consensus target price of $6.44.
Check Out Our Latest Stock Report on The Hain Celestial Group
The Hain Celestial Group Price Performance
NASDAQ HAIN remained flat at $3.76 during trading on Friday. The company's stock had a trading volume of 1,747,180 shares, compared to its average volume of 1,506,846. 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 firm's fifty day simple moving average is $4.21 and its 200 day simple moving average is $6.33. The firm has a market capitalization of $339.33 million, a PE ratio of -1.94 and a beta of 0.93. The Hain Celestial Group, Inc. has a 1 year low of $3.28 and a 1 year high of $9.43.
The Hain Celestial Group (NASDAQ:HAIN - Get Free Report) last posted its earnings results on Monday, February 10th. The company reported $0.08 earnings per share 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%. On average, analysts forecast that The Hain Celestial Group, Inc. will post 0.4 earnings per share for the current year.
The Hain Celestial Group Company Profile
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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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