The Hain Celestial Group, Inc. (NASDAQ:HAIN) Shares Acquired by First Eagle Investment Management LLC

First Eagle Investment Management LLC increased its holdings in shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN) by 12.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 730,854 shares of the company’s stock after purchasing an additional 79,000 shares during the quarter. First Eagle Investment Management LLC owned approximately 0.81% of The Hain Celestial Group worth $5,050,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Signaturefd LLC lifted its position in shares of The Hain Celestial Group by 125.9% during the 2nd quarter. Signaturefd LLC now owns 3,994 shares of the company’s stock worth $28,000 after buying an additional 2,226 shares during the last quarter. nVerses Capital LLC raised 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 worth $32,000 after acquiring an additional 2,900 shares in the last quarter. Quadrant Capital Group LLC lifted its position 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 acquiring an additional 5,519 shares during the last quarter. CWM LLC boosted its stake in The Hain Celestial Group by 357.8% in the second quarter. CWM LLC now owns 8,822 shares of the company’s stock valued at $61,000 after acquiring an additional 6,895 shares in the last quarter. Finally, Choreo LLC purchased a new position in shares of The Hain Celestial Group during the second quarter worth about $71,000. 97.01% of the stock is owned by institutional investors and hedge funds.

The Hain Celestial Group Price Performance

The Hain Celestial Group stock opened at $7.74 on Friday. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.98 and a quick ratio of 1.01. The business has a 50 day simple moving average of $7.52 and a 200-day simple moving average of $7.34. The Hain Celestial Group, Inc. has a 12 month low of $5.68 and a 12 month high of $12.49. The stock has a market capitalization of $695.39 million, a PE ratio of -7.59 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 EPS for the quarter, topping the consensus estimate of $0.08 by $0.05. The company had revenue of $419.00 million during the quarter, compared to analysts’ expectations of $417.99 million. The Hain Celestial Group had a negative net margin of 4.32% and a positive return on equity of 3.10%. The business’s revenue was down 6.4% on a year-over-year basis. During the same quarter last year, the business earned $0.11 EPS. Equities analysts predict that The Hain Celestial Group, Inc. will post 0.49 earnings per share for the current year.

Insiders Place Their Bets

In other The Hain Celestial Group news, insider Chad D. Marquardt purchased 5,300 shares of The Hain Celestial Group stock in a transaction dated Wednesday, September 4th. The stock was acquired at an average cost of $8.32 per share, with a total value of $44,096.00. Following the acquisition, the insider now directly owns 15,300 shares of the company’s stock, valued at $127,296. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. 0.72% of the stock is currently owned by insiders.

Analyst Ratings Changes

HAIN has been the subject of several research reports. DA Davidson reissued a “neutral” rating and issued a $8.00 target price on shares of The Hain Celestial Group in a report on Wednesday, August 28th. Piper Sandler reiterated a “neutral” rating and issued a $8.00 price objective on shares of The Hain Celestial Group in a research note on Thursday. Barclays raised their target price on shares of The Hain Celestial Group from $7.00 to $9.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 29th. Finally, Stifel Nicolaus upped their price target on shares of The Hain Celestial Group from $8.00 to $9.00 and gave the company a “hold” rating in a research report on Wednesday, August 28th. Seven research 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 company presently has a consensus rating of “Hold” and a consensus target price of $10.88.

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.