Barclays PLC Buys 101,290 Shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN)

Barclays PLC increased its position in The Hain Celestial Group, Inc. (NASDAQ:HAIN) by 124.6% during the 3rd quarter, Holdings Channel reports. The firm owned 182,609 shares of the company’s stock after acquiring an additional 101,290 shares during the quarter. Barclays PLC’s holdings in The Hain Celestial Group were worth $1,576,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Quest Partners LLC lifted its holdings in shares of The Hain Celestial Group by 387.1% in the 3rd quarter. Quest Partners LLC now owns 212,655 shares of the company’s stock worth $1,835,000 after buying an additional 168,996 shares during the period. Deerfield Management Company L.P. Series C lifted its stake in The Hain Celestial Group by 391.6% in the second quarter. Deerfield Management Company L.P. Series C now owns 124,589 shares of the company’s stock worth $861,000 after acquiring an additional 99,246 shares during the period. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in The Hain Celestial Group in the third quarter worth about $2,515,000. Hotchkis & Wiley Capital Management LLC grew its holdings in The Hain Celestial Group by 54.9% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 1,224,590 shares of the company’s stock worth $10,568,000 after acquiring an additional 434,070 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in The Hain Celestial Group by 6.8% during the 3rd quarter. Geode Capital Management LLC now owns 2,229,181 shares of the company’s stock valued at $19,241,000 after purchasing an additional 142,097 shares during the period. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have recently issued reports on HAIN. DA Davidson dropped their price objective on shares of The Hain Celestial Group from $9.00 to $8.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 12th. Piper Sandler restated a “neutral” rating and set a $8.00 target price on shares of The Hain Celestial Group in a report on Thursday, September 19th. Finally, Barclays cut 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 report on Monday, November 11th. Six 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 company presently has a consensus rating of “Hold” and a consensus target price of $9.43.

The Hain Celestial Group Price Performance

Shares of HAIN opened at $4.94 on Friday. The company has a 50 day moving average of $7.28 and a two-hundred day moving average of $7.60. The company has a quick ratio of 1.05, a current ratio of 2.01 and a debt-to-equity ratio of 0.76. The Hain Celestial Group, Inc. has a twelve month low of $4.93 and a twelve month high of $11.68. The company has a market cap of $445.56 million, a price-to-earnings ratio of -5.26 and a beta of 0.76.

The Hain Celestial Group (NASDAQ:HAIN) last issued its quarterly earnings data on Thursday, November 7th. The company reported ($0.04) EPS for the quarter, missing the consensus estimate 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 business had revenue of $394.60 million for the quarter, compared to analysts’ expectations of $394.24 million. During the same quarter in the prior year, the company posted ($0.04) EPS. The business’s revenue for the quarter was down 7.2% on a year-over-year basis. As a group, analysts predict that The Hain Celestial Group, Inc. will post 0.44 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.