The Hain Celestial Group, Inc. (NASDAQ:HAIN) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. trimmed its position in shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN) by 21.4% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,806 shares of the company’s stock after selling 7,280 shares during the period. Victory Capital Management Inc.’s holdings in The Hain Celestial Group were worth $335,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. lifted its stake in The Hain Celestial Group by 157.5% during the second quarter. Assenagon Asset Management S.A. now owns 182,477 shares of the company’s stock worth $2,283,000 after purchasing an additional 111,615 shares in the last quarter. Allspring Global Investments Holdings LLC raised its stake in shares of The Hain Celestial Group by 146.2% in the second quarter. Allspring Global Investments Holdings LLC now owns 121,445 shares of the company’s stock valued at $1,519,000 after acquiring an additional 72,116 shares in the last quarter. Louisiana State Employees Retirement System raised its stake in shares of The Hain Celestial Group by 12.5% in the second quarter. Louisiana State Employees Retirement System now owns 46,900 shares of the company’s stock valued at $587,000 after acquiring an additional 5,200 shares in the last quarter. First Trust Direct Indexing L.P. acquired a new stake in shares of The Hain Celestial Group in the second quarter valued at $166,000. Finally, Moody National Bank Trust Division raised its stake in shares of The Hain Celestial Group by 11.2% in the second quarter. Moody National Bank Trust Division now owns 44,457 shares of the company’s stock valued at $556,000 after acquiring an additional 4,465 shares in the last quarter. 89.11% of the stock is currently owned by institutional investors and hedge funds.

The Hain Celestial Group Stock Performance

Shares of HAIN stock opened at $11.61 on Friday. The stock’s 50-day moving average is $10.46 and its two-hundred day moving average is $12.34. The firm has a market cap of $1.04 billion, a price-to-earnings ratio of -8.93 and a beta of 0.91. The Hain Celestial Group, Inc. has a 1 year low of $9.36 and a 1 year high of $22.14. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.22 and a current ratio of 2.56.

The Hain Celestial Group (NASDAQ:HAIN) last issued its quarterly earnings data on Thursday, August 24th. The company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.01. The company had revenue of $447.80 million for the quarter, compared to analyst estimates 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 business’s quarterly revenue was down 2.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.08 earnings per share. Analysts predict that The Hain Celestial Group, Inc. will post 0.38 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO Wendy P. Davidson acquired 10,000 shares of the company’s stock in a transaction on Friday, September 15th. The shares were bought at an average price of $10.00 per share, with a total value of $100,000.00. Following the completion of the acquisition, the chief executive officer now owns 16,636 shares in the company, valued at approximately $166,360. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, CEO Wendy P. Davidson purchased 10,000 shares of the stock in a transaction that occurred on Friday, September 15th. The shares were purchased at an average price of $10.00 per share, with a total value of $100,000.00. Following the completion of the acquisition, the chief executive officer now directly owns 16,636 shares in the company, valued at approximately $166,360. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Steven R. Golliher purchased 30,000 shares of the stock in a transaction that occurred on Friday, September 15th. The shares were bought at an average cost of $10.16 per share, for a total transaction of $304,800.00. Following the acquisition, the insider now owns 36,274 shares of the company’s stock, valued at $368,543.84. The disclosure for this purchase can be found here. Corporate insiders own 0.72% of the company’s stock.

Analyst Upgrades and Downgrades

HAIN has been the topic of several analyst reports. Mizuho reduced their price objective on The Hain Celestial Group from $12.00 to $11.00 and set a “neutral” rating on the stock in a research note on Monday, September 18th. Sanford C. Bernstein reduced their price objective on The Hain Celestial Group from $23.00 to $20.00 in a research note on Monday, October 9th. Stifel Nicolaus reduced their price objective on The Hain Celestial Group from $13.00 to $11.00 and set a “hold” rating on the stock in a research note on Thursday, September 14th. Maxim Group reiterated a “buy” rating and issued a $30.00 price objective on shares of The Hain Celestial Group in a research note on Thursday, September 14th. Finally, JPMorgan Chase & Co. cut their price target on The Hain Celestial Group from $14.00 to $11.00 and set a “neutral” rating on the stock in a research note on Monday, August 28th. Seven equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, The Hain Celestial Group presently has an average rating of “Hold” and an average price target of $15.33.

The Hain Celestial Group Profile

The Hain Celestial Group, Inc manufactures, markets, and sells organic and natural products in United States, United Kingdom, Europe, 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, and spelt; and condiments.