Dynamic Technology Lab Private Ltd decreased its holdings in shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN – Free Report) by 22.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 49,143 shares of the company’s stock after selling 14,415 shares during the period. Dynamic Technology Lab Private Ltd owned approximately 0.05% of The Hain Celestial Group worth $538,000 as of its most recent SEC filing.
Several other institutional investors have also recently bought and sold shares of the business. Norges Bank purchased a new stake in shares of The Hain Celestial Group in the fourth quarter valued at about $7,199,000. First Eagle Investment Management LLC raised its holdings in shares of The Hain Celestial Group by 21.1% in the fourth quarter. First Eagle Investment Management LLC now owns 692,684 shares of the company’s stock valued at $7,585,000 after purchasing an additional 120,664 shares during the last quarter. Quadrant Capital Group LLC raised its holdings in shares of The Hain Celestial Group by 204.3% in the fourth quarter. Quadrant Capital Group LLC now owns 8,221 shares of the company’s stock valued at $90,000 after purchasing an additional 5,519 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of The Hain Celestial Group by 14.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,863,497 shares of the company’s stock valued at $20,405,000 after purchasing an additional 229,144 shares during the last quarter. Finally, First Trust Direct Indexing L.P. increased its holdings in The Hain Celestial Group by 16.5% during the fourth quarter. First Trust Direct Indexing L.P. now owns 14,519 shares of the company’s stock worth $159,000 after buying an additional 2,061 shares during the last quarter. Institutional investors and hedge funds own 97.01% of the company’s stock.
The Hain Celestial Group Trading Down 3.2 %
HAIN stock opened at $6.92 on Friday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.07 and a current ratio of 2.10. The Hain Celestial Group, Inc. has a one year low of $5.68 and a one year high of $13.23. The company’s 50 day moving average price is $6.97 and its two-hundred day moving average price is $9.24. The company has a market capitalization of $621.69 million, a PE ratio of -6.78 and a beta of 0.74.
The Hain Celestial Group (NASDAQ:HAIN – Get Free Report) last announced its earnings results on Wednesday, May 8th. The company reported $0.13 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.06. The firm had revenue of $438.36 million for the quarter, compared to analysts’ expectations of $463.37 million. The Hain Celestial Group had a negative net margin of 5.14% and a positive return on equity of 2.91%. The company’s quarterly revenue was down 3.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.08 EPS. As a group, analysts predict that The Hain Celestial Group, Inc. will post 0.29 earnings per share for the current fiscal year.
Analysts Set New Price Targets
A number of research firms recently issued reports on HAIN. Piper Sandler decreased their price objective on shares of The Hain Celestial Group from $11.00 to $8.00 and set a “neutral” rating for the company in a report on Thursday, May 9th. DA Davidson cut their target price on shares of The Hain Celestial Group from $10.00 to $8.00 and set a “neutral” rating for the company in a research report on Thursday, May 16th. JPMorgan Chase & Co. cut their target price on shares of The Hain Celestial Group from $11.00 to $10.00 and set a “neutral” rating for the company in a research report on Thursday, February 8th. Mizuho cut their target price on shares of The Hain Celestial Group from $10.00 to $8.00 and set a “neutral” rating for the company in a research report on Monday, May 13th. Finally, Stifel Nicolaus cut their target price on shares of The Hain Celestial Group from $10.00 to $8.00 and set a “hold” rating for the company in a research report on Friday, April 26th. Eight research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $11.40.
Get Our Latest Analysis on HAIN
Insider Buying and Selling
In other The Hain Celestial Group news, CEO Wendy P. Davidson bought 5,000 shares of the firm’s stock in a transaction on Friday, May 10th. The stock was acquired at an average price of $6.99 per share, with a total value of $34,950.00. Following the transaction, the chief executive officer now owns 63,309 shares in the company, valued at $442,529.91. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, CFO Lee A. Boyce acquired 13,500 shares of the business’s stock in a transaction that occurred on Monday, May 13th. The stock was bought at an average cost of $7.67 per share, for a total transaction of $103,545.00. Following the purchase, the chief financial officer now owns 13,500 shares in the company, valued at approximately $103,545. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Wendy P. Davidson acquired 5,000 shares of the business’s stock in a transaction that occurred on Friday, May 10th. The shares were bought at an average price of $6.99 per share, with a total value of $34,950.00. Following the completion of the purchase, the chief executive officer now owns 63,309 shares in the company, valued at approximately $442,529.91. The disclosure for this purchase can be found here. Insiders have bought a total of 28,500 shares of company stock worth $207,995 in the last quarter. Corporate insiders own 0.72% of the company’s stock.
About The Hain Celestial Group
(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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