Benjamin F. Edwards & Company Inc. Sells 935 Shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN)

Benjamin F. Edwards & Company Inc. lowered its stake in The Hain Celestial Group, Inc. (NASDAQ:HAINGet Rating) by 32.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,950 shares of the company’s stock after selling 935 shares during the quarter. Benjamin F. Edwards & Company Inc.’s holdings in The Hain Celestial Group were worth $33,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in HAIN. Ronald Blue Trust Inc. purchased a new stake in shares of The Hain Celestial Group during the 2nd quarter valued at about $30,000. Quadrant Capital Group LLC boosted its holdings in shares of The Hain Celestial Group by 142.5% in the second quarter. Quadrant Capital Group LLC now owns 1,186 shares of the company’s stock worth $28,000 after buying an additional 697 shares during the last quarter. Wipfli Financial Advisors LLC purchased a new position in shares of The Hain Celestial Group in the third quarter worth approximately $27,000. Covestor Ltd boosted its holdings in shares of The Hain Celestial Group by 130.7% in the first quarter. Covestor Ltd now owns 2,469 shares of the company’s stock worth $85,000 after buying an additional 1,399 shares during the last quarter. Finally, CWM LLC boosted its holdings in shares of The Hain Celestial Group by 377.8% in the third quarter. CWM LLC now owns 3,421 shares of the company’s stock worth $58,000 after buying an additional 2,705 shares during the last quarter. Institutional investors own 95.49% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Cowen reduced their price objective on The Hain Celestial Group to $24.00 in a research note on Thursday, October 13th. Stifel Nicolaus started coverage on The Hain Celestial Group in a research report on Monday, December 19th. They set a “hold” rating and a $17.00 price objective on the stock. StockNews.com started coverage on The Hain Celestial Group in a research report on Wednesday, October 12th. They set a “sell” rating on the stock. Mizuho lowered their price objective on The Hain Celestial Group from $18.00 to $16.00 in a research report on Friday, January 6th. Finally, Piper Sandler cut The Hain Celestial Group from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $23.00 to $17.00 in a research report on Thursday, October 20th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $29.27.

The Hain Celestial Group Stock Up 0.3 %

Shares of HAIN stock opened at $19.08 on Wednesday. The stock has a market cap of $1.70 billion, a P/E ratio of 26.87 and a beta of 0.80. The Hain Celestial Group, Inc. has a 52 week low of $15.19 and a 52 week high of $39.89. The company has a quick ratio of 1.09, a current ratio of 2.31 and a debt-to-equity ratio of 0.86. The company’s fifty day simple moving average is $18.14 and its two-hundred day simple moving average is $19.52.

The Hain Celestial Group (NASDAQ:HAINGet Rating) last announced its quarterly earnings results on Tuesday, November 8th. The company reported $0.10 EPS for the quarter, hitting the consensus estimate of $0.10. The business had revenue of $439.35 million for the quarter, compared to analysts’ expectations of $446.80 million. The Hain Celestial Group had a net margin of 3.48% and a return on equity of 7.14%. Analysts predict that The Hain Celestial Group, Inc. will post 0.79 EPS for the current fiscal year.

The Hain Celestial Group Company 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.

Further Reading

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

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