Allworth Financial LP Has $26,000 Stock Holdings in The Hain Celestial Group, Inc. (NASDAQ:HAIN)

Allworth Financial LP grew its position in shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN) by 433.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,982 shares of the company’s stock after purchasing an additional 2,423 shares during the quarter. Allworth Financial LP’s holdings in The Hain Celestial Group were worth $26,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in HAIN. PNC Financial Services Group Inc. lifted its stake in shares of The Hain Celestial Group by 17.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 13,839 shares of the company’s stock worth $152,000 after acquiring an additional 2,096 shares during the period. First Trust Direct Indexing L.P. lifted its stake in shares of The Hain Celestial Group by 13.0% in the first quarter. First Trust Direct Indexing L.P. now owns 16,404 shares of the company’s stock worth $129,000 after acquiring an additional 1,885 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of The Hain Celestial Group by 10.6% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 49,058 shares of the company’s stock worth $386,000 after acquiring an additional 4,708 shares during the period. BNP Paribas Financial Markets lifted its stake in shares of The Hain Celestial Group by 164.6% in the first quarter. BNP Paribas Financial Markets now owns 70,526 shares of the company’s stock worth $554,000 after acquiring an additional 43,873 shares during the period. Finally, Central Pacific Bank Trust Division acquired a new position in shares of The Hain Celestial Group in the first quarter worth approximately $277,000. 97.01% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

The Hain Celestial Group Trading Up 4.1 %

NASDAQ HAIN opened at $9.09 on Friday. The company has a market cap of $816.69 million, a price-to-earnings ratio of -10.85 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 business has a 50 day moving average price of $8.31 and a 200-day moving average price of $7.45. 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, beating the consensus estimate of $0.08 by $0.05. The firm had revenue of $419.00 million during 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 company’s quarterly revenue was down 6.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.11 earnings per share. As a group, equities analysts expect that The Hain Celestial Group, Inc. will post 0.48 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Chad D. Marquardt bought 5,300 shares of the business’s stock in a transaction that occurred on Wednesday, September 4th. The shares were bought at an average price of $8.32 per share, with a total value of $44,096.00. Following the completion of the transaction, the insider now directly owns 15,300 shares in the company, valued at approximately $127,296. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.83% of the company’s stock.

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.