The Hain Celestial Group, Inc. (NASDAQ:HAIN) Shares Sold by US Bancorp DE

US Bancorp DE cut its stake in shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN) by 5.1% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 24,286 shares of the company’s stock after selling 1,309 shares during the quarter. US Bancorp DE’s holdings in The Hain Celestial Group were worth $417,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Y Intercept Hong Kong Ltd acquired a new position in shares of The Hain Celestial Group during the first quarter worth about $314,000. Perpetual Ltd acquired a new position in shares of The Hain Celestial Group during the first quarter worth about $5,935,000. MQS Management LLC acquired a new position in shares of The Hain Celestial Group during the first quarter worth about $198,000. Lmcg Investments LLC grew its position in shares of The Hain Celestial Group by 2.4% during the first quarter. Lmcg Investments LLC now owns 29,213 shares of the company’s stock worth $501,000 after buying an additional 677 shares in the last quarter. Finally, KBC Group NV purchased a new stake in The Hain Celestial Group during the first quarter worth approximately $131,000. 93.58% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently weighed in on HAIN. Stephens began coverage on The Hain Celestial Group in a research note on Thursday, June 22nd. They set an “overweight” rating and a $17.00 target price for the company. Stifel Nicolaus decreased their target price on The Hain Celestial Group from $16.00 to $13.00 and set a “hold” rating for the company in a research note on Friday. TheStreet cut The Hain Celestial Group from a “c” rating to a “d+” rating in a research note on Tuesday, May 9th. Piper Sandler decreased their target price on The Hain Celestial Group from $16.00 to $13.00 in a research note on Thursday, June 22nd. Finally, Mizuho decreased their target price on The Hain Celestial Group from $14.00 to $12.00 and set a “neutral” rating for the company in a research note on Friday. Seven research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $18.50.

The Hain Celestial Group Price Performance

Shares of NASDAQ HAIN opened at $11.86 on Friday. The company has a current ratio of 2.56, a quick ratio of 1.13 and a debt-to-equity ratio of 0.81. The Hain Celestial Group, Inc. has a twelve month low of $10.98 and a twelve month high of $23.59. The stock has a 50 day moving average of $12.40 and a two-hundred day moving average of $14.82. The stock has a market cap of $1.06 billion, a P/E ratio of -9.12 and a beta of 0.92.

The Hain Celestial Group (NASDAQ:HAIN) last issued its quarterly earnings data on Thursday, August 24th. The company reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.01. The company had revenue of $447.80 million during the quarter, compared to analysts’ expectations of $435.61 million. The Hain Celestial Group had a positive return on equity of 4.30% and a negative net margin of 6.49%. The firm’s revenue for the quarter was down 2.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.08 earnings per share. On average, research analysts forecast that The Hain Celestial Group, Inc. will post 0.6 earnings per share for the current year.

The Hain Celestial Group Profile

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.