Nisa Investment Advisors LLC Takes $558,000 Position in The Hain Celestial Group, Inc. (NASDAQ:HAIN)

Nisa Investment Advisors LLC acquired a new stake in The Hain Celestial Group, Inc. (NASDAQ:HAIN) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 50,965 shares of the company’s stock, valued at approximately $558,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Advisor Group Holdings Inc. increased its stake in The Hain Celestial Group by 4.5% in the first quarter. Advisor Group Holdings Inc. now owns 9,772 shares of the company’s stock valued at $327,000 after purchasing an additional 425 shares during the last quarter. American Century Companies Inc. increased its stake in The Hain Celestial Group by 23.9% in the first quarter. American Century Companies Inc. now owns 11,368 shares of the company’s stock valued at $391,000 after purchasing an additional 2,193 shares during the last quarter. Citigroup Inc. increased its stake in The Hain Celestial Group by 3.3% in the first quarter. Citigroup Inc. now owns 35,662 shares of the company’s stock valued at $1,226,000 after purchasing an additional 1,142 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in The Hain Celestial Group by 5.3% in the first quarter. PNC Financial Services Group Inc. now owns 8,763 shares of the company’s stock valued at $303,000 after purchasing an additional 443 shares during the last quarter. Finally, MetLife Investment Management LLC increased its stake in The Hain Celestial Group by 31.1% in the first quarter. MetLife Investment Management LLC now owns 58,998 shares of the company’s stock valued at $2,030,000 after purchasing an additional 13,987 shares during the last quarter. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have commented on HAIN. DA Davidson began coverage on The Hain Celestial Group in a research note on Friday, March 1st. They set a “neutral” rating and a $10.00 price target for the company. Mizuho dropped their price target on The Hain Celestial Group from $11.00 to $10.00 and set a “neutral” rating for the company in a research note on Wednesday, April 3rd. Barclays dropped their price target on The Hain Celestial Group from $11.00 to $8.00 and set an “equal weight” rating for the company in a research note on Friday, April 12th. Maxim Group dropped their price target on The Hain Celestial Group from $25.00 to $18.00 and set a “buy” rating for the company in a research note on Thursday, February 8th. Finally, JPMorgan Chase & Co. dropped their price target on The Hain Celestial Group from $11.00 to $10.00 and set a “neutral” rating for the company in a research note on Thursday, February 8th. Eight equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, The Hain Celestial Group presently has a consensus rating of “Hold” and an average price target of $13.00.

Insider Activity at The Hain Celestial Group

In other The Hain Celestial Group news, CEO Wendy P. Davidson purchased 5,000 shares of The Hain Celestial Group stock in a transaction that occurred on Tuesday, February 13th. The stock was purchased at an average price of $9.46 per share, with a total value of $47,300.00. Following the completion of the acquisition, the chief executive officer now owns 58,309 shares of the company’s stock, valued at approximately $551,603.14. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.72% of the stock is currently owned by company insiders.

The Hain Celestial Group Price Performance

HAIN stock opened at $5.76 on Thursday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.14 and a current ratio of 2.24. The Hain Celestial Group, Inc. has a 1 year low of $5.68 and a 1 year high of $18.25. The firm has a market cap of $517.42 million, a P/E ratio of -3.25 and a beta of 0.68. The stock has a 50-day simple moving average of $8.44 and a 200-day simple moving average of $9.98.

The Hain Celestial Group (NASDAQ:HAIN) last posted its earnings results on Wednesday, February 7th. The company reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.01. The Hain Celestial Group had a positive return on equity of 2.48% and a negative net margin of 8.88%. The business had revenue of $454.10 million during the quarter, compared to analyst estimates of $461.31 million. During the same quarter last year, the firm earned $0.20 earnings per share. The company’s revenue for the quarter was up .0% compared to the same quarter last year. On average, equities analysts predict that The Hain Celestial Group, Inc. will post 0.29 earnings per share for the current fiscal year.

The Hain Celestial Group Company 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.