The Hain Celestial Group, Inc. (NASDAQ:HAIN) Shares Sold by Federated Hermes Inc.

Federated Hermes Inc. decreased its holdings in The Hain Celestial Group, Inc. (NASDAQ:HAIN) by 19.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 154,094 shares of the company’s stock after selling 37,452 shares during the quarter. Federated Hermes Inc.’s holdings in The Hain Celestial Group were worth $1,687,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in HAIN. Sasco Capital Inc. CT grew its stake in shares of The Hain Celestial Group by 55.6% in the third quarter. Sasco Capital Inc. CT now owns 2,283,359 shares of the company’s stock worth $23,678,000 after acquiring an additional 816,070 shares in the last quarter. PGGM Investments grew its stake in The Hain Celestial Group by 12.6% during the 3rd quarter. PGGM Investments now owns 4,131,942 shares of the company’s stock worth $42,848,000 after purchasing an additional 462,919 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in The Hain Celestial Group by 11.9% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 3,752,498 shares of the company’s stock worth $38,913,000 after purchasing an additional 398,441 shares during the period. Trexquant Investment LP acquired a new stake in The Hain Celestial Group in the 3rd quarter valued at about $2,521,000. Finally, First Eagle Investment Management LLC boosted its stake in shares of The Hain Celestial Group by 63.2% in the 3rd quarter. First Eagle Investment Management LLC now owns 572,020 shares of the company’s stock valued at $5,932,000 after buying an additional 221,450 shares during the period. Institutional investors and hedge funds own 97.01% of the company’s stock.

Insider Activity at The Hain Celestial Group

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

Wall Street Analyst Weigh In

HAIN has been the topic of a number of recent research reports. Barclays cut their target price on shares of The Hain Celestial Group from $11.00 to $8.00 and set an “equal weight” rating on the stock in a research note on Friday, April 12th. Stifel Nicolaus dropped their price objective on shares of The Hain Celestial Group from $10.00 to $8.00 and set a “hold” rating on the stock in a research report on Friday. Maxim Group decreased their price objective on shares of The Hain Celestial Group from $25.00 to $18.00 and set a “buy” rating for the company in a research report on Thursday, February 8th. Mizuho dropped their target price on The Hain Celestial Group from $11.00 to $10.00 and set a “neutral” rating on the stock in a report on Wednesday, April 3rd. Finally, DA Davidson started coverage on The Hain Celestial Group in a research note on Friday, March 1st. They issued a “neutral” rating and a $10.00 price target on the stock. Eight investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $12.70.

The Hain Celestial Group Price Performance

Shares of NASDAQ:HAIN opened at $6.27 on Tuesday. The Hain Celestial Group, Inc. has a 12 month low of $5.68 and a 12 month high of $18.25. The firm has a market capitalization of $563.23 million, a P/E ratio of -3.54 and a beta of 0.68. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.24 and a quick ratio of 1.14. The company’s fifty day moving average price is $7.87 and its 200 day moving average price is $9.75.

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

About The Hain Celestial Group

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.