GAMMA Investing LLC Raises Position in The Hain Celestial Group, Inc. (NASDAQ:HAIN)

GAMMA Investing LLC lifted its stake in The Hain Celestial Group, Inc. (NASDAQ:HAIN) by 20.7% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 30,650 shares of the company’s stock after purchasing an additional 5,250 shares during the quarter. GAMMA Investing LLC’s holdings in The Hain Celestial Group were worth $188,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of HAIN. Allworth Financial LP lifted its stake in The Hain Celestial Group by 433.5% in the third quarter. Allworth Financial LP now owns 2,982 shares of the company’s stock worth $26,000 after purchasing an additional 2,423 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. raised its holdings in shares of The Hain Celestial Group by 225.5% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 4,954 shares of the company’s stock worth $43,000 after buying an additional 3,432 shares during the period. CWA Asset Management Group LLC bought a new stake in shares of The Hain Celestial Group during the 3rd quarter worth approximately $87,000. CWM LLC boosted its holdings in The Hain Celestial Group by 14.5% during the 3rd quarter. CWM LLC now owns 10,098 shares of the company’s stock valued at $87,000 after acquiring an additional 1,276 shares during the period. Finally, Choreo LLC bought a new position in The Hain Celestial Group in the 2nd quarter valued at $71,000. Institutional investors own 97.01% of the company’s stock.

Wall Street Analyst Weigh In

HAIN has been the subject of a number of recent analyst reports. Piper Sandler reissued a “neutral” rating and set a $8.00 target price on shares of The Hain Celestial Group in a research note on Thursday, September 19th. DA Davidson decreased their price objective on shares of The Hain Celestial Group from $9.00 to $8.00 and set a “neutral” rating for the company in a report on Tuesday, November 12th. Finally, Barclays dropped their target price on shares of The Hain Celestial Group from $9.00 to $8.00 and set an “equal weight” rating on the stock in a research note 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 has a consensus rating of “Hold” and an average price target of $9.43.

The Hain Celestial Group Stock Down 1.5 %

Shares of The Hain Celestial Group stock opened at $5.38 on Thursday. 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 stock has a market cap of $485.24 million, a price-to-earnings ratio of -5.72 and a beta of 0.76. The firm’s 50-day moving average is $7.50 and its two-hundred day moving average is $7.64. The Hain Celestial Group, Inc. has a 1 year low of $5.15 and a 1 year high of $11.68.

The Hain Celestial Group (NASDAQ:HAIN) last released its quarterly earnings data on Thursday, November 7th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.02). The business had revenue of $394.60 million for 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 Hain Celestial Group’s revenue for the quarter was down 7.2% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.04) earnings per share. As a group, research analysts expect that The Hain Celestial Group, Inc. will post 0.44 earnings per share for the current fiscal year.

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.