Inspire Investing LLC Decreases Stock Position in The Hain Celestial Group, Inc. (NASDAQ:HAIN)

Inspire Investing LLC trimmed its holdings in shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN) by 9.0% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 47,252 shares of the company’s stock after selling 4,657 shares during the quarter. Inspire Investing LLC’s holdings in The Hain Celestial Group were worth $408,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of HAIN. Signaturefd LLC boosted its position in shares of The Hain Celestial Group by 125.9% during the second quarter. Signaturefd LLC now owns 3,994 shares of the company’s stock valued at $28,000 after buying an additional 2,226 shares during the last quarter. nVerses Capital LLC boosted its holdings in shares of The Hain Celestial Group by 161.1% during the 2nd quarter. nVerses Capital LLC now owns 4,700 shares of the company’s stock valued at $32,000 after acquiring an additional 2,900 shares during the last quarter. CWM LLC boosted its holdings in shares of The Hain Celestial Group by 357.8% during the 2nd quarter. CWM LLC now owns 8,822 shares of the company’s stock valued at $61,000 after acquiring an additional 6,895 shares during the last quarter. Choreo LLC purchased a new position in shares of The Hain Celestial Group during the second quarter valued at approximately $71,000. Finally, Evergreen Capital Management LLC purchased a new position in shares of The Hain Celestial Group during the second quarter valued at approximately $72,000. Institutional investors own 97.01% of the company’s stock.

The Hain Celestial Group Price Performance

NASDAQ HAIN opened at $8.92 on Friday. The business’s fifty day moving average is $7.89 and its 200 day moving average is $7.32. The Hain Celestial Group, Inc. has a fifty-two week low of $5.68 and a fifty-two week high of $12.49. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.01 and a current ratio of 1.98. The company has a market capitalization of $801.41 million, a PE ratio of -8.75 and a beta of 0.75.

The Hain Celestial Group (NASDAQ:HAIN) last posted its quarterly earnings data on Tuesday, August 27th. The company reported $0.13 EPS for the quarter, topping the consensus estimate of $0.08 by $0.05. The firm had revenue of $419.00 million for the quarter, compared to the consensus estimate of $417.99 million. The Hain Celestial Group had a positive return on equity of 3.10% and a negative net margin of 4.32%. The business’s revenue for the quarter was down 6.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.11 earnings per share. Sell-side analysts predict that The Hain Celestial Group, Inc. will post 0.48 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Chad D. Marquardt acquired 5,300 shares of the firm’s stock in a transaction dated Wednesday, September 4th. The shares were purchased at an average cost of $8.32 per share, for a total transaction of $44,096.00. Following the transaction, the insider now directly owns 15,300 shares of the company’s stock, valued at approximately $127,296. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.72% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on HAIN shares. Piper Sandler reaffirmed a “neutral” rating and issued a $8.00 target price on shares of The Hain Celestial Group in a research report on Thursday, September 19th. DA Davidson reaffirmed a “neutral” rating and issued a $8.00 price objective on shares of The Hain Celestial Group in a report on Wednesday, August 28th. Stifel Nicolaus increased their target price on The Hain Celestial Group from $8.00 to $9.00 and gave the company a “hold” rating in a report on Wednesday, August 28th. Finally, Barclays boosted their price target on The Hain Celestial Group from $7.00 to $9.00 and gave the company an “equal weight” rating in a research note on Thursday, August 29th. Seven analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, The Hain Celestial Group presently has a consensus rating of “Hold” and an average price target of $9.57.

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.