The Hain Celestial Group, Inc. (NASDAQ:HAIN) Position Boosted by State Street Corp

State Street Corp increased its holdings in The Hain Celestial Group, Inc. (NASDAQ:HAIN) by 0.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,464,855 shares of the company’s stock after purchasing an additional 15,494 shares during the quarter. State Street Corp’s holdings in The Hain Celestial Group were worth $29,902,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Allworth Financial LP lifted its holdings in shares of The Hain Celestial Group by 433.5% in the third quarter. Allworth Financial LP now owns 2,982 shares of the company’s stock valued at $26,000 after purchasing an additional 2,423 shares in the last quarter. Signaturefd LLC increased its position in 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 purchasing an additional 2,226 shares during the last quarter. nVerses Capital LLC increased its holdings in The Hain Celestial Group by 161.1% in the second quarter. nVerses Capital LLC now owns 4,700 shares of the company’s stock worth $32,000 after buying an additional 2,900 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. raised its position in The Hain Celestial Group by 225.5% during the third 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 in the last quarter. Finally, Choreo LLC bought a new position in shares of The Hain Celestial Group during the 2nd quarter valued at $71,000. 97.01% of the stock is owned by institutional investors and hedge funds.

The Hain Celestial Group Trading Down 1.8 %

Shares of HAIN stock opened at $6.42 on Friday. 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 firm has a fifty day moving average of $8.09 and a 200-day moving average of $7.72. The Hain Celestial Group, Inc. has a 52-week low of $5.68 and a 52-week high of $11.68. The stock 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 announced its quarterly 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 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 during the quarter, compared to the consensus estimate of $394.24 million. During the same quarter last year, the company earned ($0.04) earnings per share. The business’s revenue was down 7.2% on a year-over-year basis. On average, equities research analysts forecast that The Hain Celestial Group, Inc. will post 0.44 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Barclays cut their target price on The Hain Celestial Group from $9.00 to $8.00 and set an “equal weight” rating on the stock in a report on Monday, November 11th. DA Davidson cut their target price 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 research report on Thursday, September 19th. Finally, Stifel Nicolaus raised 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. Six research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price 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.