The Manufacturers Life Insurance Company Has $242,000 Position in The Hain Celestial Group, Inc. (NASDAQ:HAIN)

The Manufacturers Life Insurance Company lowered its holdings in shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN) by 99.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,023 shares of the company’s stock after selling 3,319,128 shares during the period. The Manufacturers Life Insurance Company’s holdings in The Hain Celestial Group were worth $242,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of HAIN. PNC Financial Services Group Inc. boosted its stake in The Hain Celestial Group by 17.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 13,839 shares of the company’s stock worth $152,000 after buying an additional 2,096 shares in the last quarter. Counterpoint Mutual Funds LLC boosted its stake in The Hain Celestial Group by 106.1% during the first quarter. Counterpoint Mutual Funds LLC now owns 34,137 shares of the company’s stock worth $268,000 after buying an additional 17,574 shares in the last quarter. First Trust Direct Indexing L.P. boosted its stake in The Hain Celestial Group by 13.0% during the first quarter. First Trust Direct Indexing L.P. now owns 16,404 shares of the company’s stock worth $129,000 after buying an additional 1,885 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in The Hain Celestial Group by 10.6% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 49,058 shares of the company’s stock worth $386,000 after buying an additional 4,708 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its stake in The Hain Celestial Group by 164.6% during the first quarter. BNP Paribas Financial Markets now owns 70,526 shares of the company’s stock worth $554,000 after buying an additional 43,873 shares in the last quarter. Institutional investors and hedge funds own 97.01% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on HAIN shares. DA Davidson reiterated a “neutral” rating and set a $8.00 price target on shares of The Hain Celestial Group in a research note on Wednesday, August 28th. Barclays boosted their target price 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. Piper Sandler restated a “neutral” rating and issued a $8.00 target price on shares of The Hain Celestial Group in a research note on Thursday, September 19th. Finally, Stifel Nicolaus boosted 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 research note on Wednesday, August 28th. Seven investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, The Hain Celestial Group currently has an average rating of “Hold” and a consensus price target of $9.57.

Insider Activity at The Hain Celestial Group

In other The Hain Celestial Group news, insider Chad D. Marquardt purchased 5,300 shares of the business’s stock in a transaction that occurred on 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 completion of the acquisition, the insider now directly owns 15,300 shares of the company’s stock, valued at $127,296. This represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.72% of the stock is currently owned by company insiders.

The Hain Celestial Group Stock Performance

The Hain Celestial Group stock opened at $8.92 on Friday. The stock has a 50-day simple moving average of $7.89 and a 200 day simple moving average of $7.32. 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 12-month low of $5.68 and a 12-month high of $12.49. The stock has a market capitalization of $801.41 million, a price-to-earnings ratio of -8.58 and a beta of 0.75.

The Hain Celestial Group (NASDAQ:HAIN) last released its quarterly earnings results on Tuesday, August 27th. The company reported $0.13 earnings per share (EPS) for the quarter, beating 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 analysts’ expectations of $417.99 million. During the same period in the previous year, the business posted $0.11 earnings per share. The firm’s revenue for the quarter was down 6.4% compared to the same quarter last year. On average, research analysts anticipate that The Hain Celestial Group, Inc. will post 0.48 earnings per share for the current fiscal 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.