Central Pacific Bank Trust Division Has $261,000 Position in The Hain Celestial Group, Inc. (NASDAQ:HAIN)

Central Pacific Bank Trust Division lifted its stake in The Hain Celestial Group, Inc. (NASDAQ:HAIN) by 14.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 42,512 shares of the company’s stock after acquiring an additional 5,517 shares during the quarter. Central Pacific Bank Trust Division’s holdings in The Hain Celestial Group were worth $261,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Creative Planning grew its position in The Hain Celestial Group by 3.6% in the third quarter. Creative Planning now owns 36,298 shares of the company’s stock worth $313,000 after acquiring an additional 1,272 shares in the last quarter. CWM LLC increased its position in The Hain Celestial Group by 14.5% during the third quarter. CWM LLC now owns 10,098 shares of the company’s stock worth $87,000 after buying an additional 1,276 shares during the last quarter. US Bancorp DE raised its holdings in The Hain Celestial Group by 10.3% during the third quarter. US Bancorp DE now owns 19,518 shares of the company’s stock valued at $168,000 after buying an additional 1,815 shares in the last quarter. FMR LLC lifted its position in shares of The Hain Celestial Group by 14.9% in the third quarter. FMR LLC now owns 17,580 shares of the company’s stock worth $152,000 after buying an additional 2,280 shares during the last quarter. Finally, Allworth Financial LP boosted its stake in shares of The Hain Celestial Group by 433.5% during the 3rd quarter. Allworth Financial LP now owns 2,982 shares of the company’s stock worth $26,000 after acquiring an additional 2,423 shares in the last quarter. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

The Hain Celestial Group Trading Up 3.2 %

Shares of HAIN stock opened at $6.19 on Friday. The firm has a market capitalization of $558.30 million, a P/E ratio of -6.59 and a beta of 0.76. The Hain Celestial Group, Inc. has a 1 year low of $5.68 and a 1 year high of $11.68. The firm’s fifty day simple moving average is $7.63 and its 200 day simple moving average is $7.66. The company has a current ratio of 2.01, a quick ratio of 1.05 and a debt-to-equity ratio of 0.76.

The Hain Celestial Group (NASDAQ:HAIN) last announced its quarterly earnings data 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 negative net margin of 4.94% and a positive return on equity of 3.13%. The company had revenue of $394.60 million for the quarter, compared to analyst estimates of $394.24 million. During the same period in the prior year, the company posted ($0.04) EPS. The firm’s quarterly revenue was down 7.2% on a year-over-year basis. As a group, sell-side analysts predict that The Hain Celestial Group, Inc. will post 0.44 EPS for the current 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.