First Trust Direct Indexing L.P. Grows Position in The Hain Celestial Group, Inc. (NASDAQ:HAIN)

First Trust Direct Indexing L.P. raised its position in The Hain Celestial Group, Inc. (NASDAQ:HAIN) by 16.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,519 shares of the company’s stock after purchasing an additional 2,061 shares during the quarter. First Trust Direct Indexing L.P.’s holdings in The Hain Celestial Group were worth $159,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of The Hain Celestial Group by 2.0% during the 3rd quarter. Vanguard Group Inc. now owns 11,015,166 shares of the company’s stock valued at $114,227,000 after buying an additional 219,733 shares during the period. PGGM Investments raised its holdings in shares of The Hain Celestial Group by 12.6% during the 3rd quarter. PGGM Investments now owns 4,131,942 shares of the company’s stock valued at $42,848,000 after buying an additional 462,919 shares during the period. The Manufacturers Life Insurance Company raised its holdings in shares of 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 valued at $38,913,000 after buying an additional 398,441 shares during the period. Sasco Capital Inc. CT raised its holdings in shares of The Hain Celestial Group by 55.6% during the 3rd quarter. Sasco Capital Inc. CT now owns 2,283,359 shares of the company’s stock valued at $23,678,000 after buying an additional 816,070 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of The Hain Celestial Group by 12.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,634,353 shares of the company’s stock valued at $16,948,000 after buying an additional 179,061 shares during the period. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently commented on HAIN. JPMorgan Chase & Co. 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 Thursday, February 8th. Stifel Nicolaus lowered their price objective on The Hain Celestial Group from $10.00 to $8.00 and set a “hold” rating for the company in a research note on Friday, April 26th. DA Davidson assumed coverage on The Hain Celestial Group in a research note on Friday, March 1st. They set a “neutral” rating and a $10.00 price objective for the company. Maxim Group lowered their price objective 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, Mizuho lowered their price objective 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. Eight equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $12.70.

Insider Buying and Selling

In related news, CEO Wendy P. Davidson purchased 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 13th. The shares were acquired at an average price of $9.46 per share, with a total value 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 transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 0.72% of the company’s stock.

The Hain Celestial Group Price Performance

Shares of HAIN opened at $6.65 on Thursday. The firm has a market cap of $597.38 million, a price-to-earnings ratio of -3.76 and a beta of 0.74. The Hain Celestial Group, Inc. has a 52 week low of $5.68 and a 52 week high of $16.57. The company has a current ratio of 2.24, a quick ratio of 1.14 and a debt-to-equity ratio of 0.81. The stock has a 50 day moving average of $7.45 and a 200-day moving average of $9.55.

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 the consensus estimate of $0.11 by $0.01. The business had revenue of $454.10 million for the quarter, compared to the consensus estimate 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 business’s revenue was up .0% on a year-over-year basis. During the same quarter last year, the business posted $0.20 EPS. As a group, analysts forecast that The Hain Celestial Group, Inc. will post 0.29 EPS 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, 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.