Intech Investment Management LLC Buys Shares of 11,851 The Hain Celestial Group, Inc. (NASDAQ:HAIN)

Intech Investment Management LLC purchased a new position in The Hain Celestial Group, Inc. (NASDAQ:HAIN) during the 2nd quarter, Holdings Channel reports. The fund purchased 11,851 shares of the company’s stock, valued at approximately $82,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Signaturefd LLC increased its holdings 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 acquiring an additional 2,226 shares in the last quarter. nVerses Capital LLC increased its stake in shares of 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 purchasing an additional 2,900 shares in the last quarter. CWM LLC raised its position 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 purchasing an additional 6,895 shares during the period. Choreo LLC purchased a new position in shares of The Hain Celestial Group during the 2nd quarter valued at $71,000. Finally, TFO Wealth Partners LLC boosted its holdings in The Hain Celestial Group by 1,308,800.0% in the 4th quarter. TFO Wealth Partners LLC now owns 13,089 shares of the company’s stock worth $143,000 after buying an additional 13,088 shares during the period. Hedge funds and other institutional investors own 97.01% of the company’s stock.

The Hain Celestial Group Stock Up 3.8 %

NASDAQ HAIN opened at $8.57 on Monday. The stock has a 50 day moving average price of $7.57 and a 200-day moving average price of $7.26. The Hain Celestial Group, Inc. has a one year low of $5.68 and a one year 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 $769.96 million, a P/E ratio of -8.40 and a beta of 0.75.

The Hain Celestial Group (NASDAQ:HAIN) last issued its quarterly earnings data on Tuesday, August 27th. The company reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.05. The business had revenue of $419.00 million during the quarter, compared to analysts’ expectations of $417.99 million. The Hain Celestial Group had a negative net margin of 4.32% and a positive return on equity of 3.10%. The business’s revenue was down 6.4% on a year-over-year basis. During the same period last year, the company posted $0.11 EPS. As a group, equities analysts predict that The Hain Celestial Group, Inc. will post 0.49 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on HAIN shares. Barclays raised their price target on The Hain Celestial Group from $7.00 to $9.00 and gave the company an “equal weight” rating in a report on Thursday, August 29th. DA Davidson reissued a “neutral” rating and issued a $8.00 price target on shares of The Hain Celestial Group in a report on Wednesday, August 28th. Stifel Nicolaus increased their price objective on shares of 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, Piper Sandler reissued a “neutral” rating and issued a $8.00 target price on shares of The Hain Celestial Group in a report on Thursday, September 19th. Seven analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $10.88.

Insider Buying and Selling at The Hain Celestial Group

In related news, insider Chad D. Marquardt bought 5,300 shares of the company’s stock in a transaction dated Wednesday, September 4th. The stock was purchased at an average price of $8.32 per share, for a total transaction of $44,096.00. Following the acquisition, the insider now owns 15,300 shares in the company, valued at $127,296. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.72% of the company’s stock.

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.