Squarepoint Ops LLC Buys 23,825 Shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN)

Squarepoint Ops LLC increased its position in shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN) by 146.8% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 40,060 shares of the company’s stock after buying an additional 23,825 shares during the quarter. Squarepoint Ops LLC’s holdings in The Hain Celestial Group were worth $277,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Signaturefd LLC increased its position in shares of The Hain Celestial Group by 125.9% during the second quarter. Signaturefd LLC now owns 3,994 shares of the company’s stock worth $28,000 after acquiring an additional 2,226 shares in the last quarter. nVerses Capital LLC boosted its stake in The Hain Celestial Group by 161.1% during the 2nd quarter. nVerses Capital LLC now owns 4,700 shares of the company’s stock valued at $32,000 after purchasing an additional 2,900 shares during the last quarter. CWM LLC increased its holdings in The Hain Celestial Group by 357.8% during the 2nd quarter. CWM LLC now owns 8,822 shares of the company’s stock worth $61,000 after purchasing an additional 6,895 shares in the last quarter. Choreo LLC purchased a new stake in shares of The Hain Celestial Group in the second quarter worth approximately $71,000. Finally, Evergreen Capital Management LLC bought a new position in shares of The Hain Celestial Group in the second quarter valued at approximately $72,000. Institutional investors own 97.01% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on HAIN shares. Piper Sandler reissued a “neutral” rating and issued a $8.00 price target on shares of The Hain Celestial Group in a research report on Thursday, September 19th. Stifel Nicolaus increased their target price on shares of The Hain Celestial Group from $8.00 to $9.00 and gave the company a “hold” rating in a report on Wednesday, August 28th. DA Davidson restated a “neutral” rating and set a $8.00 price target on shares of The Hain Celestial Group in a report on Wednesday, August 28th. Finally, Barclays increased their price objective on shares of The Hain Celestial Group from $7.00 to $9.00 and gave the company an “equal weight” rating in a research note on Thursday, August 29th. Seven analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $9.57.

Insider Activity at The Hain Celestial Group

In other The Hain Celestial Group news, insider Chad D. Marquardt bought 5,300 shares of the business’s stock in a transaction on Wednesday, September 4th. The stock was purchased at an average price of $8.32 per share, for a total transaction of $44,096.00. Following the completion of the transaction, the insider now directly owns 15,300 shares of the company’s stock, valued at $127,296. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.83% of the stock is currently owned by company insiders.

The Hain Celestial Group Stock Up 1.7 %

HAIN opened at $8.39 on Friday. The company’s 50-day moving average price is $7.79 and its two-hundred day moving average price is $7.30. The company has a quick ratio of 1.01, a current ratio of 1.98 and a debt-to-equity ratio of 0.78. The Hain Celestial Group, Inc. has a twelve month low of $5.68 and a twelve month high of $12.49. The stock has a market cap of $753.84 million, a price-to-earnings ratio of -9.99 and a beta of 0.75.

The Hain Celestial Group (NASDAQ:HAIN) last released its earnings results on Tuesday, August 27th. The company reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.05. The Hain Celestial Group had a positive return on equity of 3.10% and a negative net margin of 4.32%. The business had revenue of $419.00 million during the quarter, compared to the consensus estimate of $417.99 million. During the same period last year, the business posted $0.11 earnings per share. The business’s revenue for the quarter was down 6.4% on a year-over-year basis. As a group, equities analysts expect that The Hain Celestial Group, Inc. will post 0.48 earnings per share for the current year.

About The Hain Celestial Group

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.