Charles Schwab Investment Management Inc. reduced its holdings in The Hain Celestial Group, Inc. (NASDAQ:HAIN - Free Report) by 14.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,514,178 shares of the company's stock after selling 259,000 shares during the period. Charles Schwab Investment Management Inc. owned about 1.69% of The Hain Celestial Group worth $13,067,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in HAIN. Allworth Financial LP raised its position in The Hain Celestial Group by 433.5% during the third quarter. Allworth Financial LP now owns 2,982 shares of the company's stock worth $26,000 after acquiring an additional 2,423 shares during the period. Signaturefd LLC lifted 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 buying an additional 2,226 shares in the last quarter. nVerses Capital LLC lifted its stake in The Hain Celestial Group by 161.1% in the 2nd quarter. nVerses Capital LLC now owns 4,700 shares of the company's stock valued at $32,000 after buying an additional 2,900 shares in the last quarter. CWM LLC boosted its holdings in The Hain Celestial Group by 357.8% in the 2nd quarter. CWM LLC now owns 8,822 shares of the company's stock worth $61,000 after buying an additional 6,895 shares during the last quarter. Finally, Choreo LLC purchased a new stake in The Hain Celestial Group during the 2nd quarter worth approximately $71,000. 97.01% of the stock is currently owned by hedge funds and other institutional investors.
The Hain Celestial Group Stock Down 2.7 %
HAIN traded down $0.22 during trading hours on Monday, reaching $8.05. The company's stock had a trading volume of 508,226 shares, compared to its average volume of 1,192,630. The business's 50-day moving average is $8.32 and its 200-day moving average is $7.71. 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, Inc. has a fifty-two week low of $5.68 and a fifty-two week high of $11.68.
The Hain Celestial Group (NASDAQ:HAIN - Get Free Report) last released 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 Hain Celestial Group had a negative net margin of 4.94% and a positive return on equity of 3.13%. The company had revenue of $394.60 million during the quarter, compared to analysts' expectations of $394.24 million. During the same period last year, the firm posted ($0.04) earnings per share. The Hain Celestial Group's revenue was down 7.2% on a year-over-year basis. On average, research analysts anticipate that The Hain Celestial Group, Inc. will post 0.44 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of brokerages have recently issued reports on HAIN. Stifel Nicolaus lifted their price target on The Hain Celestial Group from $8.00 to $9.00 and gave the stock a "hold" rating in a research note on Wednesday, August 28th. Barclays reduced their target price on shares of The Hain Celestial Group from $9.00 to $8.00 and set an "equal weight" rating for the company in a research report on Monday, November 11th. Piper Sandler reissued a "neutral" rating and issued a $8.00 price target on shares of The Hain Celestial Group in a research note on Thursday, September 19th. Finally, DA Davidson dropped their price objective on shares of The Hain Celestial Group from $9.00 to $8.00 and set a "neutral" rating for the company in a research note on Tuesday, November 12th. Six equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $9.43.
Get Our Latest Analysis on The Hain Celestial Group
The Hain Celestial Group Company Profile
(
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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