US Bancorp DE Raises Holdings in The Hain Celestial Group, Inc. (NASDAQ:HAIN)

US Bancorp DE grew its stake in shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN) by 10.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,518 shares of the company’s stock after acquiring an additional 1,815 shares during the quarter. US Bancorp DE’s holdings in The Hain Celestial Group were worth $168,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of The Hain Celestial Group by 10.6% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 49,058 shares of the company’s stock worth $386,000 after buying an additional 4,708 shares during the last quarter. BNP Paribas Financial Markets raised its stake in The Hain Celestial Group by 164.6% in the 1st quarter. BNP Paribas Financial Markets now owns 70,526 shares of the company’s stock worth $554,000 after acquiring an additional 43,873 shares during the last quarter. Illinois Municipal Retirement Fund lifted its position in The Hain Celestial Group by 3.3% during the 1st quarter. Illinois Municipal Retirement Fund now owns 54,172 shares of the company’s stock worth $426,000 after acquiring an additional 1,710 shares during the period. Sei Investments Co. grew its stake in The Hain Celestial Group by 17.9% during the 1st quarter. Sei Investments Co. now owns 54,087 shares of the company’s stock valued at $425,000 after purchasing an additional 8,203 shares during the last quarter. Finally, Inspire Investing LLC increased its holdings in shares of The Hain Celestial Group by 28.7% in the first quarter. Inspire Investing LLC now owns 45,139 shares of the company’s stock valued at $355,000 after purchasing an additional 10,073 shares during the period. 97.01% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other The Hain Celestial Group news, insider Chad D. Marquardt acquired 5,300 shares of the company’s stock in a transaction on Wednesday, September 4th. The shares were bought at an average cost of $8.32 per share, with a total value of $44,096.00. Following the completion of the acquisition, the insider now owns 15,300 shares in the company, valued at approximately $127,296. This trade represents a 53.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.83% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research firms recently commented on HAIN. DA Davidson decreased their target price on The Hain Celestial Group from $9.00 to $8.00 and set a “neutral” rating for the company in a report on Tuesday. Stifel Nicolaus lifted 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 research note on Wednesday, August 28th. Barclays cut their price objective 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. Finally, Piper Sandler restated a “neutral” rating and set a $8.00 target price on shares of The Hain Celestial Group in a research report on Thursday, September 19th. Six investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, The Hain Celestial Group presently has an average rating of “Hold” and an average price target of $9.43.

The Hain Celestial Group Price Performance

NASDAQ:HAIN opened at $6.86 on Friday. 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 company has a 50 day moving average price of $8.29 and a 200-day moving average price of $7.58. The Hain Celestial Group, Inc. has a 1-year low of $5.68 and a 1-year high of $11.97. The firm has a market cap of $618.70 million, a price-to-earnings ratio of -7.30 and a beta of 0.74.

The Hain Celestial Group (NASDAQ:HAIN) last released its quarterly earnings data on Thursday, November 7th. The company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.02). The Hain Celestial Group had a negative net margin of 4.94% and a positive return on equity of 3.13%. The firm had revenue of $394.60 million during the quarter, compared to analysts’ expectations of $394.24 million. During the same period in the previous year, the firm posted ($0.04) EPS. The firm’s quarterly revenue was down 7.2% on a year-over-year basis. Equities research analysts forecast that The Hain Celestial Group, Inc. will post 0.46 EPS for the current year.

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.