23,149 Shares in The Hain Celestial Group, Inc. (NASDAQ:HAIN) Acquired by Proficio Capital Partners LLC

Proficio Capital Partners LLC purchased a new position in shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 23,149 shares of the company’s stock, valued at approximately $142,000.

Other hedge funds have also modified their holdings of the company. Hotchkis & Wiley Capital Management LLC increased its holdings in The Hain Celestial Group by 54.9% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 1,224,590 shares of the company’s stock valued at $10,568,000 after acquiring an additional 434,070 shares in the last quarter. Rice Hall James & Associates LLC purchased a new position in shares of The Hain Celestial Group in the 4th quarter valued at $2,652,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in The Hain Celestial Group in the 3rd quarter worth approximately $2,515,000. Geode Capital Management LLC boosted its stake in shares of The Hain Celestial Group by 6.8% in the third quarter. Geode Capital Management LLC now owns 2,229,181 shares of the company’s stock valued at $19,241,000 after purchasing an additional 142,097 shares during the period. Finally, JPMorgan Chase & Co. raised its position in shares of The Hain Celestial Group by 68.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 320,457 shares of the company’s stock valued at $2,766,000 after purchasing an additional 130,477 shares in the last quarter. 97.01% of the stock is owned by institutional investors and hedge funds.

The Hain Celestial Group Stock Performance

HAIN opened at $4.11 on Friday. The stock has a market cap of $370.92 million, a price-to-earnings ratio of -2.12 and a beta of 0.83. The company has a quick ratio of 1.00, a current ratio of 1.90 and a debt-to-equity ratio of 0.90. The Hain Celestial Group, Inc. has a 12-month low of $3.28 and a 12-month high of $9.43. The business has a 50 day moving average of $4.31 and a 200-day moving average of $6.47.

The Hain Celestial Group (NASDAQ:HAIN) last released its earnings results on Monday, February 10th. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.04). The Hain Celestial Group had a positive return on equity of 2.88% and a negative net margin of 10.51%. On average, equities research analysts expect that The Hain Celestial Group, Inc. will post 0.4 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms recently issued reports on HAIN. Mizuho dropped their price target on The Hain Celestial Group from $7.00 to $4.50 and set a “neutral” rating on the stock in a research report on Tuesday, February 11th. JPMorgan Chase & Co. dropped their target price on shares of The Hain Celestial Group from $6.00 to $5.00 and set a “neutral” rating on the stock in a report on Friday, March 14th. Stifel Nicolaus dropped their target price on shares of The Hain Celestial Group from $7.00 to $6.00 and set a “hold” rating on the stock in a research report on Tuesday, February 11th. Evercore ISI decreased their price target on shares of The Hain Celestial Group from $9.00 to $6.00 and set an “in-line” rating for the company in a report on Wednesday, February 12th. Finally, Piper Sandler dropped their price objective on The Hain Celestial Group from $8.00 to $7.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. Seven equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $6.44.

The Hain Celestial Group Company 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.