Evergreen Capital Management LLC Buys New Stake in The Hain Celestial Group, Inc. (NASDAQ:HAIN)

Evergreen Capital Management LLC acquired a new position in The Hain Celestial Group, Inc. (NASDAQ:HAIN) in the 2nd quarter, Holdings Channel reports. The institutional investor acquired 10,408 shares of the company’s stock, valued at approximately $72,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of HAIN. Vanguard Group Inc. raised its stake in shares of The Hain Celestial Group by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 10,942,729 shares of the company’s stock worth $86,010,000 after buying an additional 84,689 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC grew its holdings in The Hain Celestial Group by 1.1% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 5,698,984 shares of the company’s stock worth $39,380,000 after acquiring an additional 62,865 shares during the period. PGGM Investments raised its position in The Hain Celestial Group by 1.3% in the second quarter. PGGM Investments now owns 4,183,854 shares of the company’s stock worth $28,910,000 after acquiring an additional 51,912 shares in the last quarter. Invenomic Capital Management LP bought a new stake in The Hain Celestial Group in the first quarter worth about $11,294,000. Finally, Federated Hermes Inc. lifted its holdings in The Hain Celestial Group by 224.9% in the 2nd quarter. Federated Hermes Inc. now owns 860,471 shares of the company’s stock valued at $5,946,000 after acquiring an additional 595,649 shares during the last quarter. Institutional investors own 97.01% of the company’s stock.

Insider Activity at The Hain Celestial Group

In related news, insider Chad D. Marquardt bought 5,300 shares of the firm’s stock in a transaction on Wednesday, September 4th. The stock was purchased at an average price of $8.32 per share, with a total value of $44,096.00. Following the completion of the transaction, the insider now directly owns 15,300 shares of the company’s stock, valued at $127,296. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.72% of the stock is currently owned by company insiders.

The Hain Celestial Group Stock Up 3.8 %

Shares of The Hain Celestial Group stock opened at $8.57 on Monday. The company has a current ratio of 1.98, a quick ratio of 1.01 and a debt-to-equity ratio of 0.78. The Hain Celestial Group, Inc. has a 1 year low of $5.68 and a 1 year high of $12.49. The stock has a 50-day moving average price of $7.57 and a 200 day moving average price of $7.26. The company has a market cap of $769.96 million, a P/E ratio of -8.40 and a beta of 0.75.

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

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Stifel Nicolaus lifted their price objective on shares of The Hain Celestial Group from $8.00 to $9.00 and gave the stock a “hold” rating in a research note on Wednesday, August 28th. DA Davidson restated a “neutral” rating and issued a $8.00 price target on shares of The Hain Celestial Group in a research report on Wednesday, August 28th. Piper Sandler reiterated a “neutral” rating and set a $8.00 price objective on shares of The Hain Celestial Group in a research report on Thursday, September 19th. Finally, Barclays raised their price objective on The Hain Celestial Group from $7.00 to $9.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 29th. Seven equities research 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, the stock currently has an average rating of “Hold” and a consensus price target of $10.88.

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.