Fmr LLC Has $152,000 Position in The Hain Celestial Group, Inc. (NASDAQ:HAIN)

Fmr LLC raised its stake in The Hain Celestial Group, Inc. (NASDAQ:HAIN) by 14.9% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 17,580 shares of the company’s stock after buying an additional 2,280 shares during the quarter. Fmr LLC’s holdings in The Hain Celestial Group were worth $152,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Allworth Financial LP raised its holdings 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 buying an additional 2,423 shares in the last quarter. Signaturefd LLC lifted its position in shares of The Hain Celestial Group by 125.9% in the 2nd quarter. Signaturefd LLC now owns 3,994 shares of the company’s stock worth $28,000 after acquiring an additional 2,226 shares during the period. nVerses Capital LLC raised 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 buying an additional 2,900 shares in the last quarter. Choreo LLC acquired a new stake in The Hain Celestial Group during the second quarter valued at approximately $71,000. Finally, Evergreen Capital Management LLC acquired a new position in The Hain Celestial Group during the second quarter worth $72,000. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Barclays cut their price objective on The Hain Celestial Group from $9.00 to $8.00 and set an “equal weight” rating for the company in a research report on Monday, November 11th. Stifel Nicolaus increased their price objective on shares of The Hain Celestial Group from $8.00 to $9.00 and gave the company a “hold” rating in a report on Wednesday, August 28th. Piper Sandler reiterated a “neutral” rating and issued a $8.00 price target on shares of The Hain Celestial Group in a research report on Thursday, September 19th. Finally, DA Davidson lowered their price target on The Hain Celestial Group from $9.00 to $8.00 and set a “neutral” rating for the company in a report on Tuesday, November 12th. Six 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 company currently has a consensus rating of “Hold” and an average price target of $9.43.

The Hain Celestial Group Trading Down 1.8 %

The Hain Celestial Group stock opened at $6.42 on Monday. The firm has a 50-day moving average of $8.09 and a 200-day moving average of $7.72. The Hain Celestial Group, Inc. has a one year low of $5.68 and a one 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 company has a market cap of $579.05 million, a price-to-earnings ratio of -6.83 and a beta of 0.71.

The Hain Celestial Group (NASDAQ:HAIN) last posted its quarterly 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 Hain Celestial Group had a positive return on equity of 3.13% and a negative net margin of 4.94%. The business had revenue of $394.60 million for the quarter, compared to the consensus estimate of $394.24 million. During the same quarter in the previous year, the business posted ($0.04) EPS. The company’s revenue for the quarter was down 7.2% on a year-over-year basis. On average, equities analysts expect that The Hain Celestial Group, Inc. will post 0.44 earnings per share for the current fiscal year.

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.