Vanguard Group Inc. reduced its stake in The Hain Celestial Group, Inc. (NASDAQ:HAIN - Free Report) by 6.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 11,112,530 shares of the company's stock after selling 784,375 shares during the quarter. Vanguard Group Inc. owned 12.32% of The Hain Celestial Group worth $68,342,000 at the end of the most recent reporting period.
A number of other institutional investors have also modified their holdings of the stock. Van ECK Associates Corp raised its holdings in The Hain Celestial Group by 49.0% during the fourth quarter. Van ECK Associates Corp now owns 10,805 shares of the company's stock worth $66,000 after purchasing an additional 3,554 shares in the last quarter. Virtu Financial LLC acquired a new position in shares of The Hain Celestial Group in the fourth quarter worth $73,000. Grace & White Inc. NY purchased a new stake in shares of The Hain Celestial Group in the fourth quarter valued at $86,000. Sanctuary Advisors LLC acquired a new position in The Hain Celestial Group in the third quarter valued at $93,000. Finally, EP Wealth Advisors LLC purchased a new position in The Hain Celestial Group during the third quarter worth about $94,000. Institutional investors and hedge funds own 97.01% of the company's stock.
Wall Street Analysts Forecast Growth
A number of research analysts have recently commented on HAIN shares. Piper Sandler dropped their price objective on shares of The Hain Celestial Group from $8.00 to $7.00 and set a "neutral" rating for the company in a research note on Thursday, January 16th. Stifel Nicolaus reduced their price target on shares of 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. JPMorgan Chase & Co. decreased their price target 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. Maxim Group cut their price objective on The Hain Celestial Group from $15.00 to $10.00 and set a "buy" rating on the stock in a research report on Tuesday, February 11th. Finally, Evercore ISI reduced their target price on shares of The Hain Celestial Group from $9.00 to $6.00 and set an "in-line" rating on the stock in a research report on Wednesday, February 12th. Seven research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $6.31.
Read Our Latest Report on The Hain Celestial Group
The Hain Celestial Group Stock Down 2.2 %
NASDAQ HAIN traded down $0.07 on Wednesday, hitting $2.87. 126,396 shares of the stock traded hands, compared to its average volume of 1,501,425. The company has a market capitalization of $258.56 million, a P/E ratio of -1.48 and a beta of 0.93. The stock has a 50-day moving average of $3.91 and a 200 day moving average of $6.04. The company has a current ratio of 1.90, a quick ratio of 1.00 and a debt-to-equity ratio of 0.90. The Hain Celestial Group, Inc. has a twelve month low of $2.87 and a twelve month high of $9.43.
The Hain Celestial Group (NASDAQ:HAIN - Get Free Report) last released its quarterly earnings data on Monday, February 10th. The company reported $0.08 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, analysts expect that The Hain Celestial Group, Inc. will post 0.4 earnings per share for the current fiscal 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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