Swiss National Bank Purchases 2,700 Shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN)

Swiss National Bank raised its position in shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN – Get Rating) by 1.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 215,614 shares of the company’s stock after acquiring an additional 2,700 shares during the period. Swiss National Bank owned approximately 0.24% of The Hain Celestial Group worth $3,489,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Versant Capital Management Inc increased its position in The Hain Celestial Group by 3,366.7% during the third quarter. Versant Capital Management Inc now owns 1,768 shares of the company’s stock valued at $30,000 after acquiring an additional 1,717 shares during the last quarter. Signaturefd LLC increased its position in The Hain Celestial Group by 34.7% during the fourth quarter. Signaturefd LLC now owns 2,914 shares of the company’s stock valued at $47,000 after acquiring an additional 750 shares during the last quarter. Ellevest Inc. increased its position in The Hain Celestial Group by 5,019.7% during the third quarter. Ellevest Inc. now owns 3,123 shares of the company’s stock valued at $53,000 after acquiring an additional 3,062 shares during the last quarter. Covestor Ltd increased its position in The Hain Celestial Group by 130.7% during the first quarter. Covestor Ltd now owns 2,469 shares of the company’s stock valued at $85,000 after acquiring an additional 1,399 shares during the last quarter. Finally, Point72 Hong Kong Ltd purchased a new stake in shares of The Hain Celestial Group during the second quarter valued at $115,000. Institutional investors own 95.49% of the company’s stock.

The Hain Celestial Group Stock Performance

Shares of HAIN opened at $13.32 on Monday. The company has a current ratio of 2.40, a quick ratio of 1.13 and a debt-to-equity ratio of 0.84. The firm has a market cap of $1.19 billion, a PE ratio of -12.57 and a beta of 0.89. The Hain Celestial Group, Inc. has a 12 month low of $13.05 and a 12 month high of $26.78. The stock has a fifty day moving average price of $16.65 and a 200-day moving average price of $17.83.

The Hain Celestial Group (NASDAQ:HAIN – Get Rating) last issued its quarterly earnings results on Tuesday, May 9th. The company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.08). The business had revenue of $455.24 million for the quarter, compared to analysts’ expectations of $485.34 million. The Hain Celestial Group had a positive return on equity of 4.00% and a negative net margin of 5.25%. The Hain Celestial Group’s revenue was down 9.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.33 EPS. Equities research analysts predict that The Hain Celestial Group, Inc. will post 0.54 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on HAIN shares. JPMorgan Chase & Co. lowered shares of 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. Piper Sandler raised shares of The Hain Celestial Group from an “underweight” rating to a “neutral” rating and lowered their target price for the company from $17.00 to $16.00 in a research note on Tuesday, May 9th. Sanford C. Bernstein lowered their price objective on shares of The Hain Celestial Group from $30.00 to $23.00 in a research note on Wednesday, May 10th. Stifel Nicolaus lowered their price objective on shares of The Hain Celestial Group from $20.00 to $17.00 in a research note on Wednesday, May 10th. Finally, Mizuho reaffirmed a “neutral” rating and issued a $16.00 price objective on shares of The Hain Celestial Group in a research note on Wednesday, February 8th. Six equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $24.00.

The Hain Celestial Group Profile

(Get Rating)

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 the United Kingdom, Ella’s Kitchen UK, and Europe.