Quantinno Capital Management LP Takes $108,000 Position in The Hain Celestial Group, Inc. (NASDAQ:HAIN)

Quantinno Capital Management LP acquired a new stake in shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 12,542 shares of the company’s stock, valued at approximately $108,000.

Several other large investors have also recently bought and sold shares of the company. Barrow Hanley Mewhinney & Strauss LLC lifted its holdings in shares of The Hain Celestial Group by 1.1% during the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 5,698,984 shares of the company’s stock valued at $39,380,000 after purchasing an additional 62,865 shares in the last quarter. Millennium Management LLC increased its holdings in The Hain Celestial Group by 171.3% during the 2nd quarter. Millennium Management LLC now owns 2,634,718 shares of the company’s stock worth $18,206,000 after purchasing an additional 1,663,542 shares in the last quarter. Hotchkis & Wiley Capital Management LLC lifted its holdings in shares of The Hain Celestial Group by 54.9% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 1,224,590 shares of the company’s stock valued at $10,568,000 after purchasing an additional 434,070 shares in the last quarter. Federated Hermes Inc. grew its holdings in shares of The Hain Celestial Group by 224.9% during the second quarter. Federated Hermes Inc. now owns 860,471 shares of the company’s stock worth $5,946,000 after buying an additional 595,649 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in The Hain Celestial Group by 3.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 779,557 shares of the company’s stock valued at $5,387,000 after acquiring an additional 25,169 shares in the last quarter. Institutional investors own 97.01% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on HAIN. Stifel Nicolaus lifted their price target 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. DA Davidson cut their price target on shares of The Hain Celestial Group from $9.00 to $8.00 and set a “neutral” rating for the company in a research note on Tuesday, November 12th. Barclays lowered their price target on The Hain Celestial Group from $9.00 to $8.00 and set an “equal weight” rating on the stock in a research report on Monday, November 11th. Finally, Piper Sandler reaffirmed a “neutral” rating and set a $8.00 price target on shares of The Hain Celestial Group in a report on Thursday, September 19th. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $9.43.

The Hain Celestial Group Trading Down 1.9 %

Shares of NASDAQ HAIN opened at $7.41 on Wednesday. The Hain Celestial Group, Inc. has a 52 week low of $5.68 and a 52 week high of $11.68. The stock’s fifty day moving average is $8.22 and its 200 day moving average is $7.75. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.05 and a current ratio of 2.01.

The Hain Celestial Group (NASDAQ:HAIN) last announced its quarterly earnings data on Thursday, November 7th. The company reported ($0.04) earnings per share (EPS) 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 the consensus estimate of $394.24 million. During the same period last year, the business earned ($0.04) earnings per share. The business’s revenue was down 7.2% compared to the same quarter last year. As a group, analysts forecast that The Hain Celestial Group, Inc. will post 0.44 EPS for the current fiscal 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.