Thrivent Financial for Lutherans Cuts Holdings in The Hain Celestial Group, Inc. (NASDAQ:HAIN)

Thrivent Financial for Lutherans trimmed its holdings in shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN – Get Rating) by 15.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 350,910 shares of the company’s stock after selling 63,700 shares during the period. Thrivent Financial for Lutherans owned about 0.39% of The Hain Celestial Group worth $5,677,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of HAIN. Wipfli Financial Advisors LLC purchased a new stake in shares of The Hain Celestial Group in the third quarter valued at $27,000. Versant Capital Management Inc raised its holdings in shares of The Hain Celestial Group by 3,366.7% during the 3rd quarter. Versant Capital Management Inc now owns 1,768 shares of the company’s stock valued at $30,000 after buying an additional 1,717 shares during the period. Covestor Ltd increased its holdings in The Hain Celestial Group by 130.7% during the 1st quarter. Covestor Ltd now owns 2,469 shares of the company’s stock worth $85,000 after purchasing an additional 1,399 shares during the last quarter. Signaturefd LLC increased its holdings in The Hain Celestial Group by 34.7% during the 4th quarter. Signaturefd LLC now owns 2,914 shares of the company’s stock worth $47,000 after purchasing an additional 750 shares during the last quarter. Finally, Ellevest Inc. grew its position in shares of The Hain Celestial Group by 5,019.7% in the 3rd quarter. Ellevest Inc. now owns 3,123 shares of the company’s stock worth $53,000 after acquiring an additional 3,062 shares in the last quarter. 95.49% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on HAIN. Barclays reduced their price objective on The Hain Celestial Group from $19.00 to $17.00 in a research report on Thursday. StockNews.com raised The Hain Celestial Group from a “sell” rating to a “hold” rating in a research report on Friday, May 5th. Mizuho reaffirmed a “neutral” rating and set a $16.00 target price on shares of The Hain Celestial Group in a research report on Wednesday, February 8th. TheStreet lowered The Hain Celestial Group from a “c” rating to a “d+” rating in a research report on Tuesday. Finally, JPMorgan Chase & Co. downgraded The Hain Celestial Group from an “overweight” rating to a “neutral” rating and lowered their target price for the company from $22.00 to $21.00 in a research note on Wednesday, February 8th. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, The Hain Celestial Group has an average rating of “Hold” and an average price target of $24.00.

The Hain Celestial Group Price Performance

Shares of HAIN stock opened at $14.13 on Friday. The stock has a 50 day moving average of $17.00 and a two-hundred day moving average of $18.01. The company has a current ratio of 2.46, a quick ratio of 1.14 and a debt-to-equity ratio of 0.79. The Hain Celestial Group, Inc. has a 12 month low of $14.00 and a 12 month high of $28.13. The company has a market capitalization of $1.26 billion, a P/E ratio of 28.26 and a beta of 0.89.

The Hain Celestial Group (NASDAQ:HAIN – Get Rating) last posted its earnings results on Tuesday, May 9th. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.08). The Hain Celestial Group had a return on equity of 5.92% and a net margin of 2.45%. The company had revenue of $455.24 million for the quarter, compared to the consensus estimate of $485.34 million. During the same quarter last year, the business earned $0.33 EPS. The Hain Celestial Group’s quarterly revenue was down 9.5% compared to the same quarter last year. As a group, equities analysts expect that The Hain Celestial Group, Inc. will post 0.72 EPS for the current year.

About The Hain Celestial Group

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The Hain Celestial Group, Inc engages in the production and distribution of organic and natural products. It operates through North America and International geographical segments. The North America segment consists of the United States and Canada. The International segment includes United Kingdom, Ella’s Kitchen UK, and Europe.