Swiss National Bank Sells 8,500 Shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN)

Swiss National Bank lowered its holdings in The Hain Celestial Group, Inc. (NASDAQ:HAINGet Rating) by 3.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 215,214 shares of the company’s stock after selling 8,500 shares during the quarter. Swiss National Bank owned 0.24% of The Hain Celestial Group worth $5,109,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in HAIN. Arizona State Retirement System grew its stake in The Hain Celestial Group by 2.3% during the first quarter. Arizona State Retirement System now owns 25,567 shares of the company’s stock worth $880,000 after buying an additional 568 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in The Hain Celestial Group by 48.0% during the first quarter. Envestnet Asset Management Inc. now owns 38,743 shares of the company’s stock worth $1,333,000 after buying an additional 12,558 shares during the last quarter. Advisor Group Holdings Inc. grew its stake in The Hain Celestial Group by 4.5% during the first quarter. Advisor Group Holdings Inc. now owns 9,772 shares of the company’s stock worth $327,000 after buying an additional 425 shares during the last quarter. California Public Employees Retirement System grew its stake in The Hain Celestial Group by 2.5% during the first quarter. California Public Employees Retirement System now owns 182,017 shares of the company’s stock worth $6,261,000 after buying an additional 4,392 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its stake in The Hain Celestial Group by 7.7% during the first quarter. Russell Investments Group Ltd. now owns 27,829 shares of the company’s stock worth $956,000 after buying an additional 1,986 shares during the last quarter. Institutional investors own 91.00% of the company’s stock.

The Hain Celestial Group Trading Up 3.1 %

Shares of NASDAQ HAIN opened at $20.37 on Friday. The company’s 50 day simple moving average is $18.03 and its 200 day simple moving average is $21.59. The Hain Celestial Group, Inc. has a fifty-two week low of $15.23 and a fifty-two week high of $43.53. The firm has a market capitalization of $1.82 billion, a P/E ratio of 28.69 and a beta of 0.79. The company has a debt-to-equity ratio of 0.86, a current ratio of 2.31 and a quick ratio of 1.09.

The Hain Celestial Group (NASDAQ:HAINGet Rating) last announced its quarterly earnings data on Thursday, August 25th. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.19). The Hain Celestial Group had a net margin of 3.48% and a return on equity of 7.14%. The business had revenue of $457.00 million during the quarter, compared to analyst estimates of $461.69 million. During the same quarter in the prior year, the company earned $0.39 earnings per share. The company’s quarterly revenue was up 1.4% on a year-over-year basis. On average, analysts predict that The Hain Celestial Group, Inc. will post 0.88 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. StockNews.com assumed coverage on shares of The Hain Celestial Group in a research note on Wednesday, October 12th. They set a “sell” rating on the stock. Piper Sandler cut shares of The Hain Celestial Group from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $23.00 to $17.00 in a research note on Thursday, October 20th. Mizuho increased their price target on shares of The Hain Celestial Group from $16.00 to $18.00 and gave the company a “neutral” rating in a research note on Wednesday, November 9th. Maxim Group decreased their price target on shares of The Hain Celestial Group from $50.00 to $42.00 and set a “buy” rating on the stock in a research note on Friday, August 26th. Finally, Consumer Edge cut shares of The Hain Celestial Group from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $30.00 to $23.00 in a research note on Monday, August 29th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $30.70.

The Hain Celestial Group Profile

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The Hain Celestial Group, Inc manufactures, markets, and sells organic and natural products in United States, United Kingdom, 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, almond, and coconut; and condiments.

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Institutional Ownership by Quarter for The Hain Celestial Group (NASDAQ:HAIN)

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