Assenagon Asset Management SA increased its holdings of shares in The Hain Celestial Group, Inc. (NASDAQ: HAIN – Get Rating) by 7.9% during the first quarter, according to its latest SEC filing. The company held 128,971 shares of the company after purchasing an additional 9,413 shares during the period. Assenagon Asset Management SA held 0.14% of The Hain Celestial Group worth $4,437,000 at the end of the most recent period.
A number of other hedge funds and other institutional investors also bought and sold shares of the company. Exchange Traded Concepts LLC increased its position in The Hain Celestial Group by 1.8% during the 4th quarter. Exchange Traded Concepts LLC now owns 14,737 shares of the company valued at $628,000 after purchasing an additional 267 shares during the period. IndexIQ Advisors LLC increased its position in The Hain Celestial Group by 23.3% during the 4th quarter. IndexIQ Advisors LLC now owns 1,796 shares of the company valued at $77,000 after purchasing 339 additional shares during the period. Bank of New Hampshire increased its position in The Hain Celestial Group by 3.4% during the first quarter. Bank of New Hampshire now owns 13,680 shares of the company valued at $471,000 after purchasing an additional 455 shares during the period. Commonwealth Equity Services LLC increased its position in shares of The Hain Celestial Group by 3.6% in the fourth quarter. Commonwealth Equity Services LLC now owns 14,187 shares of the company worth $604,000 after purchasing an additional 497 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of The Hain Celestial Group by 2.2% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 24,280 shares of the company worth $835,000 after purchasing an additional 530 shares in the last quarter. 94.98% of the shares are currently held by institutional investors and hedge funds.
NASDAQ HAIN shares opened at $23.24 on Monday. The company has a current ratio of 1.98, a quick ratio of 0.94 and a debt ratio of 0.72. The Hain Celestial Group, Inc. has a 12-month low of $22.55 and a 12-month high of $48.88. The company has a 50-day simple moving average of $25.44 and a two-hundred-day simple moving average of $32.51. The stock has a market capitalization of $2.09 billion, a price-earnings ratio of 19.37 and a beta of 0.74.
Hain Celestial Group (NASDAQ:HAIN – Get Rating) last reported quarterly earnings data on Thursday, May 5. The company reported EPS of $0.33 for the quarter, missing the consensus estimate of $0.46 per ($0.13). Hain Celestial Group achieved a net margin of 6.12% and a return on equity of 9.66%. The company posted revenue of $502.94 million for the quarter, versus analyst estimates of $524.57 million. In the same quarter a year earlier, the company posted earnings per share of $0.44. The company’s revenue increased 2.1% year over year. Analysts expect The Hain Celestial Group, Inc. to post EPS of 1.28 for the current year.
In other news from The Hain Celestial Group, Director Glenn W. Welling sold 209,238 shares of The Hain Celestial Group in a trade that took place on Monday, May 16. The shares were sold at an average price of $26.80, for a total transaction of $5,607,578.40. Following the completion of the sale, the administrator now directly owns 73,529 shares of the company, valued at approximately $1,970,577.20. The sale was disclosed in a document filed with the SEC, accessible via this hyperlink. Insiders hold 16.90% of the shares of the company.
HAIN has been the subject of several analyst reports. Piper Sandler cut her price target on shares of The Hain Celestial Group from $36.00 to $31.00 and set an “overweight” rating on the stock in a Thursday, June 16 research report. TheStreet downgraded shares of The Hain Celestial Group from a ‘b’ rating to a ‘c’ rating in a Thursday, June 2 research report. Jefferies Financial Group began covering shares of The Hain Celestial Group in a research report on Friday, March 18. They issued a “holding” rating and a price target of $41.00 on the stock. Mizuho lowered its price target on shares of The Hain Celestial Group from $44.00 to $31.00 in a Monday, May 9 research report. Finally, Cowen began covering The Hain Celestial Group shares in a research report on Monday, May 23. They set an “outperform” rating and a target price of $34.00 on the stock. Two research analysts gave the stock a hold rating and nine gave the company a buy rating. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $41.11.
Hain Celestial Group Company Profile (Get an evaluation)
The Hain Celestial Group, Inc manufactures, markets and sells organic and natural products in the United States, United Kingdom and internationally. It operates through two segments, North America and International. The company offers infant formula; foods for infants, toddlers and children; plant-based drinks and frozen desserts, such as soy, rice, oatmeal, almond, and coconut; and condiments.
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