2,328,823 Shares in The Hain Celestial Group, Inc. (NASDAQ:HAIN) Bought by Wellington Management Group LLP

Wellington Management Group LLP purchased a new stake in shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,328,823 shares of the company's stock, valued at approximately $14,322,000. Wellington Management Group LLP owned 2.58% of The Hain Celestial Group as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Van ECK Associates Corp raised its holdings in shares of The Hain Celestial Group by 49.0% in the 4th quarter. Van ECK Associates Corp now owns 10,805 shares of the company's stock worth $66,000 after buying an additional 3,554 shares in the last quarter. Virtu Financial LLC bought a new position in The Hain Celestial Group during the 4th quarter worth approximately $73,000. Grace & White Inc. NY bought a new position in shares of The Hain Celestial Group during the 4th quarter valued at about $86,000. Sanctuary Advisors LLC acquired a new position in shares of The Hain Celestial Group in the third quarter valued at approximately $93,000. Finally, EP Wealth Advisors LLC acquired a new stake in shares of The Hain Celestial Group in the 3rd quarter valued at about $94,000. 97.01% of the stock is currently owned by institutional investors and hedge funds.

The Hain Celestial Group Price Performance

NASDAQ HAIN traded down $0.04 on Monday, hitting $3.19. 30,928 shares of the company's stock were exchanged, compared to its average volume of 1,503,601. The stock has a 50-day moving average of $3.98 and a 200-day moving average of $6.10. The stock has a market cap of $287.62 million, a price-to-earnings ratio of -1.64 and a beta of 0.93. The Hain Celestial Group, Inc. has a 52 week low of $3.17 and a 52 week high of $9.43. 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 (NASDAQ:HAIN - Get Free Report) last released 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 negative net margin of 10.51% and a positive return on equity of 2.88%. Analysts expect that The Hain Celestial Group, Inc. will post 0.4 earnings per share for the current year.

Analyst Upgrades and Downgrades

HAIN has been the subject of a number of analyst reports. Barclays decreased their target price on shares of The Hain Celestial Group from $6.00 to $5.00 and set an "equal weight" rating for the company 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. Stifel Nicolaus lowered their price target 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. Maxim Group decreased their target price on shares of 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. Finally, Mizuho dropped 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 research report on Tuesday, February 11th. Seven analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, The Hain Celestial Group currently has an average rating of "Hold" and a consensus target price of $6.44.

The Hain Celestial Group Company 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.