Choreo LLC Purchases New Position in The Hain Celestial Group, Inc. (NASDAQ:HAIN)

Choreo LLC purchased a new stake in shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 10,172 shares of the company’s stock, valued at approximately $71,000.

Several other institutional investors have also modified their holdings of HAIN. Charles Schwab Investment Management Inc. lifted its stake in shares of The Hain Celestial Group by 14.0% in the 4th 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. Quadrant Capital Group LLC lifted its stake in shares of The Hain Celestial Group by 204.3% in the 4th 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. Norges Bank bought a new stake in shares of The Hain Celestial Group in the 4th quarter valued at approximately $7,199,000. Oxford Asset Management LLP bought a new stake in shares of The Hain Celestial Group in the 4th quarter valued at approximately $136,000. Finally, TFO Wealth Partners LLC lifted its stake in shares of The Hain Celestial Group by 1,308,800.0% in the 4th quarter. TFO Wealth Partners LLC now owns 13,089 shares of the company’s stock valued at $143,000 after purchasing an additional 13,088 shares during the last quarter. 97.01% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, insider Chad D. Marquardt acquired 5,300 shares of The Hain Celestial Group stock in a transaction on Wednesday, September 4th. The shares were bought at an average cost of $8.32 per share, for a total transaction of $44,096.00. Following the acquisition, the insider now directly owns 15,300 shares of the company’s stock, valued at approximately $127,296. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.72% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on HAIN. Piper Sandler reaffirmed a “neutral” rating and issued a $8.00 price objective on shares of The Hain Celestial Group in a research note on Thursday. Stifel Nicolaus raised their price objective on The Hain Celestial Group from $8.00 to $9.00 and gave the company a “hold” rating in a research note on Wednesday, August 28th. DA Davidson reiterated a “neutral” rating and issued a $8.00 price target on shares of The Hain Celestial Group in a report on Wednesday, August 28th. Finally, Barclays increased their price target on The Hain Celestial Group from $7.00 to $9.00 and gave the stock an “equal weight” rating in a report on Thursday, August 29th. Seven research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, The Hain Celestial Group currently has a consensus rating of “Hold” and an average target price of $10.88.

The Hain Celestial Group Trading Down 1.7 %

HAIN opened at $7.74 on Friday. The stock’s fifty day moving average is $7.52 and its two-hundred day moving average is $7.34. The company has a market capitalization of $695.39 million, a P/E ratio of -7.59 and a beta of 0.75. The Hain Celestial Group, Inc. has a 52 week low of $5.68 and a 52 week high of $12.49. 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 (NASDAQ:HAIN) last released its quarterly earnings data on Tuesday, August 27th. The company reported $0.13 EPS for the quarter, topping the consensus estimate of $0.08 by $0.05. The company had revenue of $419.00 million for the quarter, compared to the consensus estimate of $417.99 million. The Hain Celestial Group had a positive return on equity of 3.10% and a negative net margin of 4.32%. The Hain Celestial Group’s quarterly revenue was down 6.4% on a year-over-year basis. During the same period last year, the business posted $0.11 EPS. Analysts forecast that The Hain Celestial Group, Inc. will post 0.49 earnings per share for the current year.

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.