JPMorgan Chase & Co. Buys 130,477 Shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN)

JPMorgan Chase & Co. grew its position in The Hain Celestial Group, Inc. (NASDAQ:HAIN) by 68.7% during the third quarter, HoldingsChannel reports. The firm owned 320,457 shares of the company’s stock after buying an additional 130,477 shares during the period. JPMorgan Chase & Co.’s holdings in The Hain Celestial Group were worth $2,766,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the company. Allworth Financial LP boosted its holdings 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 buying an additional 2,423 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. lifted its position in shares of The Hain Celestial Group by 225.5% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 4,954 shares of the company’s stock valued at $43,000 after acquiring an additional 3,432 shares during the period. Evergreen Capital Management LLC bought a new position in The Hain Celestial Group during the second quarter worth $72,000. Canada Pension Plan Investment Board bought a new position in The Hain Celestial Group during the second quarter worth $82,000. Finally, Intech Investment Management LLC acquired a new stake in The Hain Celestial Group in the second quarter worth $82,000. Institutional investors own 97.01% of the company’s stock.

The Hain Celestial Group Price Performance

Shares of NASDAQ HAIN opened at $4.69 on Tuesday. The stock has a market cap of $423.01 million, a price-to-earnings ratio of -4.99 and a beta of 0.76. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.05 and a current ratio of 2.01. The Hain Celestial Group, Inc. has a fifty-two week low of $4.47 and a fifty-two week high of $11.68. The firm’s 50-day simple moving average is $6.87 and its 200 day simple moving average is $7.52.

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 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 negative net margin of 4.94% and a positive return on equity of 3.13%. The firm’s revenue for the quarter was down 7.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.04) EPS. As a group, research analysts anticipate that The Hain Celestial Group, Inc. will post 0.43 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on HAIN shares. Piper Sandler cut their price objective on shares of The Hain Celestial Group from $8.00 to $7.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. DA Davidson dropped their price target on The Hain Celestial Group from $9.00 to $8.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 12th. Finally, Barclays reduced their price objective on The Hain Celestial Group from $8.00 to $6.00 and set an “equal weight” rating for the company in a research note on Friday. Six research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $9.00.

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.