Zurcher Kantonalbank Zurich Cantonalbank Grows Stake in The Hain Celestial Group, Inc. (NASDAQ:HAIN)

Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in The Hain Celestial Group, Inc. (NASDAQ:HAIN) by 31.2% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 24,623 shares of the company’s stock after buying an additional 5,850 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in The Hain Celestial Group were worth $270,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Sasco Capital Inc. CT raised its holdings in shares of The Hain Celestial Group by 55.6% in the 3rd quarter. Sasco Capital Inc. CT now owns 2,283,359 shares of the company’s stock valued at $23,678,000 after acquiring an additional 816,070 shares in the last quarter. PGGM Investments lifted its position in The Hain Celestial Group by 12.6% during the third quarter. PGGM Investments now owns 4,131,942 shares of the company’s stock valued at $42,848,000 after purchasing an additional 462,919 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in The Hain Celestial Group by 11.9% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 3,752,498 shares of the company’s stock worth $38,913,000 after buying an additional 398,441 shares in the last quarter. Trexquant Investment LP bought a new position in shares of The Hain Celestial Group in the 3rd quarter worth $2,521,000. Finally, First Eagle Investment Management LLC raised its position in shares of The Hain Celestial Group by 63.2% during 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 in the last quarter. Institutional investors own 97.01% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Stifel Nicolaus reduced their target price on The Hain Celestial Group from $10.00 to $8.00 and set a “hold” rating on the stock in a research note on Friday, April 26th. JPMorgan Chase & Co. reduced their price objective on The Hain Celestial Group from $11.00 to $10.00 and set a “neutral” rating on the stock in a research report on Thursday, February 8th. Barclays dropped their target price on The Hain Celestial Group from $11.00 to $8.00 and set an “equal weight” rating for the company in a research report on Friday, April 12th. DA Davidson started coverage on shares of The Hain Celestial Group in a research report on Friday, March 1st. They set a “neutral” rating and a $10.00 price target on the stock. Finally, Mizuho lowered their price objective on shares of The Hain Celestial Group from $11.00 to $10.00 and set a “neutral” rating for the company in a report on Wednesday, April 3rd. Eight investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, The Hain Celestial Group has a consensus rating of “Hold” and an average price target of $12.70.

The Hain Celestial Group Stock Down 2.2 %

Shares of The Hain Celestial Group stock opened at $6.80 on Monday. 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 52-week low of $5.68 and a 52-week high of $17.73. The company’s 50 day moving average price is $7.63 and its 200-day moving average price is $9.63. The stock has a market capitalization of $610.84 million, a price-to-earnings ratio of -3.84 and a beta of 0.74.

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

Insider Activity at The Hain Celestial Group

In other The Hain Celestial Group news, CEO Wendy P. Davidson acquired 5,000 shares of the company’s stock in a transaction on Tuesday, February 13th. The stock was acquired at an average price of $9.46 per share, for a total transaction of $47,300.00. Following the acquisition, the chief executive officer now owns 58,309 shares in the company, valued at approximately $551,603.14. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.72% of the stock is owned by company insiders.

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.