State of Alaska Department of Revenue Trims Stake in The Hain Celestial Group, Inc. (NASDAQ:HAIN)

State of Alaska Department of Revenue cut its stake in The Hain Celestial Group, Inc. (NASDAQ:HAIN) by 2.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 51,270 shares of the company’s stock after selling 1,479 shares during the period. State of Alaska Department of Revenue owned 0.06% of The Hain Celestial Group worth $442,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Blair William & Co. IL grew its position in shares of The Hain Celestial Group by 418.3% in the 1st quarter. Blair William & Co. IL now owns 366,948 shares of the company’s stock worth $2,884,000 after buying an additional 296,150 shares during the period. Deerfield Management Company L.P. Series C boosted its stake in The Hain Celestial Group by 391.6% during the second quarter. Deerfield Management Company L.P. Series C now owns 124,589 shares of the company’s stock worth $861,000 after acquiring an additional 99,246 shares in the last quarter. Vanguard Group Inc. grew its holdings in The Hain Celestial Group by 0.8% in the first quarter. Vanguard Group Inc. now owns 10,942,729 shares of the company’s stock worth $86,010,000 after purchasing an additional 84,689 shares during the period. First Eagle Investment Management LLC increased its stake in shares of The Hain Celestial Group by 12.1% during the second quarter. First Eagle Investment Management LLC now owns 730,854 shares of the company’s stock valued at $5,050,000 after purchasing an additional 79,000 shares in the last quarter. Finally, Cornercap Investment Counsel Inc. purchased a new position in shares of The Hain Celestial Group during the second quarter valued at approximately $479,000. 97.01% of the stock is owned by institutional investors.

The Hain Celestial Group Stock Down 0.8 %

HAIN stock opened at $7.41 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 stock has a market capitalization of $665.34 million, a P/E ratio of -8.82 and a beta of 0.74. The business has a fifty day moving average price of $8.41 and a 200-day moving average price of $7.56. The Hain Celestial Group, Inc. has a 1-year low of $5.68 and a 1-year high of $11.97.

The Hain Celestial Group (NASDAQ:HAIN) last posted its earnings results on Thursday, November 7th. The company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.02). The company had revenue of $394.60 million during the quarter, compared to the consensus estimate of $394.24 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 revenue for the quarter was down 7.2% on a year-over-year basis. During the same period last year, the firm posted ($0.04) EPS. Equities analysts forecast that The Hain Celestial Group, Inc. will post 0.48 earnings per share for the current fiscal year.

Insider Buying and Selling

In other The Hain Celestial Group news, insider Chad D. Marquardt acquired 5,300 shares of the business’s stock in a transaction dated Wednesday, September 4th. The stock was purchased at an average price of $8.32 per share, with a total value of $44,096.00. Following the transaction, the insider now directly owns 15,300 shares in the company, valued at approximately $127,296. The trade was a 0.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.83% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Stifel Nicolaus upped their price target 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 reissued a “neutral” rating and issued a $8.00 target price on shares of The Hain Celestial Group in a research note on Wednesday, August 28th. Piper Sandler restated a “neutral” rating and set a $8.00 price target on shares of The Hain Celestial Group in a report on Thursday, September 19th. Finally, Barclays upped their price target on shares of The Hain Celestial Group from $7.00 to $9.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 29th. Six equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, The Hain Celestial Group currently has a consensus rating of “Hold” and a consensus price target of $9.57.

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.