Allspring Global Investments Holdings LLC Grows Stock Holdings in The Hain Celestial Group, Inc. (NASDAQ:HAIN)

Allspring Global Investments Holdings LLC grew its holdings in shares of The Hain Celestial Group, Inc. (NASDAQ:HAINGet Rating) by 7,984.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 47,857 shares of the company’s stock after buying an additional 47,265 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.05% of The Hain Celestial Group worth $807,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Advisor Group Holdings Inc. lifted its position in shares of 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 purchasing an additional 425 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in shares of The Hain Celestial Group by 5.3% during the first quarter. PNC Financial Services Group Inc. now owns 8,763 shares of the company’s stock worth $303,000 after purchasing an additional 443 shares in the last quarter. Yousif Capital Management LLC lifted its position in shares of The Hain Celestial Group by 1.4% during the second quarter. Yousif Capital Management LLC now owns 50,494 shares of the company’s stock worth $1,199,000 after purchasing an additional 685 shares in the last quarter. Quadrant Capital Group LLC lifted its position in shares of The Hain Celestial Group by 142.5% during the second quarter. Quadrant Capital Group LLC now owns 1,186 shares of the company’s stock worth $28,000 after purchasing an additional 697 shares in the last quarter. Finally, Ronald Blue Trust Inc. acquired a new position in shares of The Hain Celestial Group during the second quarter worth $30,000. 95.49% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. CL King reduced their target price on shares of The Hain Celestial Group from $28.00 to $25.00 in a research report on Tuesday, October 25th. Piper Sandler cut shares of The Hain Celestial Group from an “overweight” rating to a “neutral” rating and cut their price target for the company from $23.00 to $17.00 in a report on Thursday, October 20th. Stifel Nicolaus started coverage on shares of The Hain Celestial Group in a report on Monday, December 19th. They issued a “hold” rating and a $17.00 price target on the stock. Mizuho cut their price target on shares of The Hain Celestial Group from $18.00 to $16.00 in a report on Friday, January 6th. Finally, StockNews.com started coverage on shares of The Hain Celestial Group in a report on Wednesday, October 12th. They issued a “sell” rating on the stock. One analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, The Hain Celestial Group presently has a consensus rating of “Hold” and a consensus target price of $29.27.

The Hain Celestial Group Stock Up 3.3 %

Shares of NASDAQ:HAIN opened at $18.86 on Monday. The stock has a market capitalization of $1.68 billion, a price-to-earnings ratio of 26.56 and a beta of 0.80. The Hain Celestial Group, Inc. has a 1-year low of $15.19 and a 1-year high of $37.58. The company’s fifty day moving average is $18.04 and its two-hundred day moving average is $19.40. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.09 and a current ratio of 2.31.

The Hain Celestial Group (NASDAQ:HAINGet Rating) last issued its earnings results on Tuesday, November 8th. The company reported $0.10 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.10. The company 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%. Equities analysts anticipate that The Hain Celestial Group, Inc. will post 0.79 EPS for the current 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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