PNC Financial Services Group Inc. Has $152,000 Holdings in The Hain Celestial Group, Inc. (NASDAQ:HAIN)

PNC Financial Services Group Inc. raised its holdings in The Hain Celestial Group, Inc. (NASDAQ:HAIN) by 17.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 13,839 shares of the company’s stock after acquiring an additional 2,096 shares during the period. PNC Financial Services Group Inc.’s holdings in The Hain Celestial Group were worth $152,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of HAIN. Signaturefd LLC grew its position in shares of The Hain Celestial Group by 265.2% in the 4th quarter. Signaturefd LLC now owns 4,127 shares of the company’s stock valued at $45,000 after purchasing an additional 2,997 shares during the period. Quadrant Capital Group LLC lifted its stake in 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 buying an additional 5,519 shares in the last quarter. Oak Thistle LLC bought a new stake in shares of The Hain Celestial Group during the fourth quarter worth $111,000. Oxford Asset Management LLP acquired a new stake in shares of The Hain Celestial Group during the fourth quarter worth $136,000. Finally, TFO Wealth Partners LLC raised its holdings in shares of The Hain Celestial Group by 1,308,800.0% during the fourth quarter. TFO Wealth Partners LLC now owns 13,089 shares of the company’s stock worth $143,000 after acquiring an additional 13,088 shares during the period. 97.01% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. DA Davidson lowered their target price on The Hain Celestial Group from $10.00 to $8.00 and set a “neutral” rating for the company in a report on Thursday, May 16th. Mizuho cut their target price on The Hain Celestial Group from $10.00 to $8.00 and set a “neutral” rating on the stock in a research note on Monday, May 13th. Piper Sandler decreased their price target on shares of The Hain Celestial Group from $11.00 to $8.00 and set a “neutral” rating for the company in a research note on Thursday, May 9th. Barclays lowered their price objective on shares of The Hain Celestial Group from $8.00 to $7.00 and set an “equal weight” rating on the stock in a report on Friday, May 10th. Finally, Stifel Nicolaus reduced 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 report on Friday, April 26th. Eight research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $10.78.

The Hain Celestial Group Price Performance

Shares of HAIN opened at $6.98 on Friday. The company has a current ratio of 2.10, a quick ratio of 1.07 and a debt-to-equity ratio of 0.82. The company’s fifty day simple moving average is $7.06 and its 200 day simple moving average is $8.49. The Hain Celestial Group, Inc. has a 1-year low of $5.68 and a 1-year high of $13.23. The company has a market cap of $627.11 million, a price-to-earnings ratio of -6.84 and a beta of 0.77.

The Hain Celestial Group (NASDAQ:HAIN) last released its quarterly earnings data on Wednesday, May 8th. The company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.06. The Hain Celestial Group had a negative net margin of 5.14% and a positive return on equity of 2.91%. The company had revenue of $438.36 million for the quarter, compared to analyst estimates of $463.37 million. During the same period in the previous year, the business earned $0.08 EPS. The Hain Celestial Group’s revenue for the quarter was down 3.7% compared to the same quarter last year. On average, research analysts forecast that The Hain Celestial Group, Inc. will post 0.29 earnings per share for the current fiscal year.

Insider Buying and Selling at The Hain Celestial Group

In other The Hain Celestial Group news, CFO Lee A. Boyce bought 13,500 shares of The Hain Celestial Group stock in a transaction dated 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 of the company’s stock, valued at approximately $103,545. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Wendy P. Davidson purchased 5,000 shares of the firm’s stock in a transaction that occurred on Friday, May 10th. The shares were acquired at an average price of $6.99 per share, for a total transaction of $34,950.00. Following the purchase, the chief executive officer now owns 63,309 shares in the company, valued at $442,529.91. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Lee A. Boyce acquired 13,500 shares of the business’s stock in a transaction on Monday, May 13th. The shares were bought at an average price of $7.67 per share, with a total value of $103,545.00. Following the completion of the transaction, the chief financial officer now directly owns 13,500 shares of the company’s stock, valued at $103,545. The disclosure for this purchase can be found here. Insiders have acquired 28,500 shares of company stock worth $207,995 over the last 90 days. Company insiders own 0.72% of the company’s stock.

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.