The Hain Celestial Group, Inc. (NASDAQ:HAIN) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. lessened its holdings in shares of The Hain Celestial Group, Inc. (NASDAQ:HAINFree Report) by 3.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 467,616 shares of the company’s stock after selling 14,253 shares during the period. Principal Financial Group Inc. owned 0.52% of The Hain Celestial Group worth $5,120,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Sequoia Financial Advisors LLC raised its position in shares of The Hain Celestial Group by 8.0% during the 4th quarter. Sequoia Financial Advisors LLC now owns 14,156 shares of the company’s stock worth $155,000 after acquiring an additional 1,052 shares in the last quarter. Swiss National Bank increased its position in The Hain Celestial Group by 1.0% during the third quarter. Swiss National Bank now owns 196,614 shares of the company’s stock worth $2,039,000 after buying an additional 1,900 shares during the period. First Trust Direct Indexing L.P. increased its position in The Hain Celestial Group by 16.5% during the fourth quarter. First Trust Direct Indexing L.P. now owns 14,519 shares of the company’s stock worth $159,000 after buying an additional 2,061 shares during the period. Signaturefd LLC increased its position in The Hain Celestial Group by 265.2% during the fourth quarter. Signaturefd LLC now owns 4,127 shares of the company’s stock worth $45,000 after buying an additional 2,997 shares during the period. Finally, Cary Street Partners Investment Advisory LLC increased its position in The Hain Celestial Group by 1,647.1% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 4,455 shares of the company’s stock worth $46,000 after buying an additional 4,200 shares during the period. Institutional investors and hedge funds own 97.01% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on HAIN. Stifel Nicolaus cut their price target on The Hain Celestial Group from $10.00 to $8.00 and set a “hold” rating on the stock in a research report on Friday, April 26th. Maxim Group cut their price target on The Hain Celestial Group from $18.00 to $15.00 and set a “buy” rating on the stock in a research report on Thursday, May 9th. Mizuho dropped their target price on The Hain Celestial Group from $10.00 to $8.00 and set a “neutral” rating on the stock in a report on Monday, May 13th. DA Davidson dropped their target price on The Hain Celestial Group from $10.00 to $8.00 and set a “neutral” rating on the stock in a report on Thursday, May 16th. Finally, Piper Sandler dropped their target price on The Hain Celestial Group from $11.00 to $8.00 and set a “neutral” rating on the stock in a report on Thursday, May 9th. Eight 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 company has a consensus rating of “Hold” and a consensus price target of $11.40.

Read Our Latest Stock Report on HAIN

The Hain Celestial Group Stock Down 2.3 %

The Hain Celestial Group stock opened at $6.89 on Thursday. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.10 and a quick ratio of 1.07. The Hain Celestial Group, Inc. has a 1-year low of $5.68 and a 1-year high of $13.23. The company has a market cap of $619.00 million, a PE ratio of -6.75 and a beta of 0.74. The stock’s 50 day moving average price is $6.92 and its 200 day moving average price is $9.15.

The Hain Celestial Group (NASDAQ:HAINGet Free Report) last posted its earnings results on Wednesday, May 8th. The company reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.06. The company had revenue of $438.36 million for the quarter, compared to the consensus estimate of $463.37 million. The Hain Celestial Group had a positive return on equity of 2.91% and a negative net margin of 5.14%. The Hain Celestial Group’s quarterly revenue was down 3.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.08 earnings per share. On average, sell-side analysts predict that The Hain Celestial Group, Inc. will post 0.29 EPS for the current fiscal year.

Insider Activity

In other The Hain Celestial Group news, CEO Wendy P. Davidson bought 5,000 shares of the company’s stock in a transaction that occurred on Friday, May 10th. The stock was purchased at an average cost of $6.99 per share, for a total transaction of $34,950.00. Following the completion of the purchase, the chief executive officer now owns 63,309 shares of the company’s stock, valued at approximately $442,529.91. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. In other The Hain Celestial Group news, CEO Wendy P. Davidson bought 5,000 shares of the company’s stock in a transaction that occurred on Friday, May 10th. The stock was purchased at an average cost of $6.99 per share, for a total transaction of $34,950.00. Following the completion of the purchase, the chief executive officer now owns 63,309 shares of the company’s stock, valued at approximately $442,529.91. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Chad D. Marquardt purchased 10,000 shares of the company’s stock in a transaction on Friday, May 10th. The shares were purchased at an average price of $6.95 per share, with a total value of $69,500.00. Following the completion of the purchase, the insider now directly owns 10,000 shares of the company’s stock, valued at $69,500. The disclosure for this purchase can be found here. Insiders have purchased 28,500 shares of company stock worth $207,995 over the last three months. 0.72% of the stock is currently owned by corporate insiders.

The Hain Celestial Group Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for The Hain Celestial Group (NASDAQ:HAIN)

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