Hsbc Holdings PLC Acquires 4,554 Shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN)

Hsbc Holdings PLC raised its holdings in The Hain Celestial Group, Inc. (NASDAQ:HAIN) by 16.1% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 32,877 shares of the company’s stock after acquiring an additional 4,554 shares during the quarter. Hsbc Holdings PLC’s holdings in The Hain Celestial Group were worth $222,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Signaturefd LLC boosted its position in shares of 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 purchasing an additional 2,226 shares during the last quarter. nVerses Capital LLC increased its stake in shares of The Hain Celestial Group by 161.1% in the 2nd quarter. nVerses Capital LLC now owns 4,700 shares of the company’s stock valued at $32,000 after acquiring an additional 2,900 shares during the last quarter. CWM LLC increased its stake in shares of The Hain Celestial Group by 357.8% in the 2nd quarter. CWM LLC now owns 8,822 shares of the company’s stock valued at $61,000 after acquiring an additional 6,895 shares during the last quarter. Choreo LLC acquired a new stake in shares of The Hain Celestial Group in the 2nd quarter valued at approximately $71,000. Finally, GAMMA Investing LLC boosted its stake in The Hain Celestial Group by 683.2% during the 2nd quarter. GAMMA Investing LLC now owns 14,772 shares of the company’s stock worth $102,000 after acquiring an additional 12,886 shares during the last quarter. Institutional investors and hedge funds own 97.01% of the company’s stock.

Wall Street Analyst Weigh In

HAIN has been the subject of several recent analyst reports. DA Davidson reaffirmed a “neutral” rating and issued a $8.00 target price on shares of The Hain Celestial Group in a research note on Wednesday, August 28th. Piper Sandler reiterated a “neutral” rating and set a $8.00 target price on shares of The Hain Celestial Group in a report on Thursday, September 19th. Stifel Nicolaus increased their price target on The Hain Celestial Group from $8.00 to $9.00 and gave the stock a “hold” rating in a report on Wednesday, August 28th. Finally, Barclays lifted their price objective 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. Seven research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $10.88.

Insider Activity at The Hain Celestial Group

In other The Hain Celestial Group news, insider Chad D. Marquardt purchased 5,300 shares of the stock in a transaction on Wednesday, September 4th. The shares were purchased at an average cost of $8.32 per share, for a total transaction of $44,096.00. Following the purchase, the insider now owns 15,300 shares of the company’s stock, valued at approximately $127,296. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.72% of the stock is owned by insiders.

The Hain Celestial Group Stock Up 2.0 %

HAIN stock opened at $8.72 on Friday. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.98 and a quick ratio of 1.01. The stock has a market capitalization of $783.44 million, a P/E ratio of -8.55 and a beta of 0.75. The Hain Celestial Group, Inc. has a fifty-two week low of $5.68 and a fifty-two week high of $12.49. The business has a 50-day moving average of $7.69 and a 200-day moving average of $7.28.

The Hain Celestial Group (NASDAQ:HAIN) last released its quarterly earnings results on Tuesday, August 27th. The company reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.05. The Hain Celestial Group had a positive return on equity of 3.10% and a negative net margin of 4.32%. The firm had revenue of $419.00 million during the quarter, compared to the consensus estimate of $417.99 million. During the same quarter in the prior year, the firm posted $0.11 EPS. The business’s revenue was down 6.4% on a year-over-year basis. On average, sell-side analysts anticipate that The Hain Celestial Group, Inc. will post 0.49 earnings per share for the current fiscal year.

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.