Principal Financial Group Inc. Lowers Position in The Hain Celestial Group, Inc. (NASDAQ:HAIN)

Principal Financial Group Inc. decreased its stake in shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN) by 4.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 423,505 shares of the company’s stock after selling 19,661 shares during the period. Principal Financial Group Inc.’s holdings in The Hain Celestial Group were worth $3,655,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Creative Planning boosted its holdings in The Hain Celestial Group by 3.6% during the 3rd quarter. Creative Planning now owns 36,298 shares of the company’s stock worth $313,000 after acquiring an additional 1,272 shares during the last quarter. CWM LLC boosted its holdings 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 purchasing an additional 1,276 shares during the last quarter. US Bancorp DE grew its position in The Hain Celestial Group by 10.3% in the 3rd quarter. US Bancorp DE now owns 19,518 shares of the company’s stock worth $168,000 after purchasing an additional 1,815 shares in the last quarter. Signaturefd LLC increased its stake in The Hain Celestial Group by 125.9% in the 2nd 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. Finally, FMR LLC lifted its position in shares of The Hain Celestial Group by 14.9% during the 3rd quarter. FMR LLC now owns 17,580 shares of the company’s stock worth $152,000 after buying an additional 2,280 shares in the last quarter. Institutional investors own 97.01% of the company’s stock.

The Hain Celestial Group Stock Performance

NASDAQ:HAIN opened at $6.00 on Friday. The company has a market capitalization of $541.16 million, a P/E ratio of -6.38 and a beta of 0.72. The business has a fifty day simple moving average of $7.67 and a two-hundred day simple moving average of $7.66. 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 Hain Celestial Group, Inc. has a 1 year low of $5.68 and a 1 year high of $11.68.

The Hain Celestial Group (NASDAQ:HAIN) last announced its quarterly earnings data on Thursday, November 7th. The company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.02). The firm had revenue of $394.60 million during the quarter, compared to analysts’ expectations of $394.24 million. The Hain Celestial Group had a positive return on equity of 3.13% and a negative net margin of 4.94%. The company’s revenue was down 7.2% compared to the same quarter last year. During the same period last year, the business posted ($0.04) EPS. On average, analysts expect that The Hain Celestial Group, Inc. will post 0.44 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages recently commented on HAIN. Barclays decreased their price target 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. Piper Sandler reaffirmed a “neutral” rating and set a $8.00 target price on shares of The Hain Celestial Group in a research report on Thursday, September 19th. Finally, DA Davidson cut 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 report on Tuesday, November 12th. Six investment 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.

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.