The Hain Celestial Group, Inc. (NASDAQ:HAIN) Shares Bought by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans grew its stake in The Hain Celestial Group, Inc. (NASDAQ:HAIN) by 8.7% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 81,226 shares of the company’s stock after purchasing an additional 6,470 shares during the period. Thrivent Financial for Lutherans’ holdings in The Hain Celestial Group were worth $701,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the stock. Allworth Financial LP raised its position in The Hain Celestial Group by 433.5% during the third quarter. Allworth Financial LP now owns 2,982 shares of the company’s stock valued at $26,000 after acquiring an additional 2,423 shares in the last quarter. Signaturefd LLC increased its holdings 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 valued at $28,000 after purchasing an additional 2,226 shares in the last quarter. nVerses Capital LLC lifted its stake in shares of The Hain Celestial Group by 161.1% in the 2nd quarter. nVerses Capital LLC now owns 4,700 shares of the company’s stock valued at $32,000 after purchasing an additional 2,900 shares during the period. CWM LLC boosted its holdings in The Hain Celestial Group by 357.8% during the second quarter. CWM LLC now owns 8,822 shares of the company’s stock worth $61,000 after buying an additional 6,895 shares in the last quarter. Finally, CWA Asset Management Group LLC purchased a new stake in The Hain Celestial Group during the third quarter worth $87,000. Hedge funds and other institutional investors own 97.01% of the company’s stock.

The Hain Celestial Group Price Performance

HAIN stock opened at $8.32 on Wednesday. The Hain Celestial Group, Inc. has a 1 year low of $5.68 and a 1 year high of $11.68. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.01 and a quick ratio of 1.05. The firm has a market capitalization of $750.38 million, a PE ratio of -8.85 and a beta of 0.71. The business has a 50 day simple moving average of $8.31 and a 200-day simple moving average of $7.69.

The Hain Celestial Group (NASDAQ:HAIN) last posted its earnings results on Thursday, November 7th. The company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.02). The firm had revenue of $394.60 million during the quarter, compared to analyst estimates of $394.24 million. The Hain Celestial Group had a negative net margin of 4.94% and a positive return on equity of 3.13%. The business’s revenue for the quarter was down 7.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.04) earnings per share. Equities research analysts anticipate that The Hain Celestial Group, Inc. will post 0.46 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. DA Davidson decreased their price objective on shares of The Hain Celestial Group from $9.00 to $8.00 and set a “neutral” rating for the company in a research report on Tuesday, November 12th. Piper Sandler reaffirmed a “neutral” rating and issued a $8.00 price target on shares of The Hain Celestial Group in a report on Thursday, September 19th. Barclays lowered their price target on The Hain Celestial Group from $9.00 to $8.00 and set an “equal weight” rating on the stock in a research report on Monday, November 11th. Finally, Stifel Nicolaus boosted their price objective on 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. Six analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $9.43.

The Hain Celestial Group 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.