Norges Bank Acquires Shares of 657,465 The Hain Celestial Group, Inc. (NASDAQ:HAIN)

Norges Bank acquired a new stake in The Hain Celestial Group, Inc. (NASDAQ:HAINFree Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 657,465 shares of the company’s stock, valued at approximately $7,199,000. Norges Bank owned approximately 0.73% of The Hain Celestial Group at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the stock. First Eagle Investment Management LLC boosted its stake in The Hain Celestial Group by 21.1% in the fourth quarter. First Eagle Investment Management LLC now owns 692,684 shares of the company’s stock valued at $7,585,000 after acquiring an additional 120,664 shares in the last quarter. Quadrant Capital Group LLC boosted its stake in The Hain Celestial Group by 204.3% in the fourth quarter. Quadrant Capital Group LLC now owns 8,221 shares of the company’s stock valued at $90,000 after acquiring an additional 5,519 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in The Hain Celestial Group by 14.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,863,497 shares of the company’s stock valued at $20,405,000 after acquiring an additional 229,144 shares in the last quarter. First Trust Direct Indexing L.P. boosted its stake in The Hain Celestial Group by 16.5% in the fourth quarter. First Trust Direct Indexing L.P. now owns 14,519 shares of the company’s stock valued at $159,000 after acquiring an additional 2,061 shares in the last quarter. Finally, Handelsbanken Fonder AB boosted its stake in The Hain Celestial Group by 101.4% in the fourth quarter. Handelsbanken Fonder AB now owns 23,639 shares of the company’s stock valued at $259,000 after acquiring an additional 11,900 shares in the last quarter. Institutional investors and hedge funds own 97.01% of the company’s stock.

Insider Activity

In other The Hain Celestial Group news, CEO Wendy P. Davidson purchased 5,000 shares of the stock in a transaction dated Friday, May 10th. The shares were acquired at an average cost of $6.99 per share, for a total transaction of $34,950.00. Following the completion of the transaction, the chief executive officer now directly owns 63,309 shares of the company’s stock, valued at $442,529.91. The purchase was disclosed in a filing with the SEC, which is available at this link. In other The Hain Celestial Group news, CEO Wendy P. Davidson purchased 5,000 shares of the stock in a transaction dated Friday, May 10th. The shares were acquired at an average cost of $6.99 per share, for a total transaction of $34,950.00. Following the completion of the transaction, the chief executive officer now directly owns 63,309 shares of the company’s stock, valued at $442,529.91. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, insider Chad D. Marquardt purchased 10,000 shares of the stock in a transaction dated Friday, May 10th. The stock was acquired at an average price of $6.95 per share, for a total transaction of $69,500.00. Following the completion of the transaction, 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 acquired 28,500 shares of company stock worth $207,995 over the last ninety days. 0.72% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on HAIN shares. Piper Sandler reduced their target price on shares of The Hain Celestial Group from $11.00 to $8.00 and set a “neutral” rating for the company in a report on Thursday, May 9th. DA Davidson reduced their target price on shares of The Hain Celestial Group from $10.00 to $8.00 and set a “neutral” rating for the company in a report on Thursday, May 16th. Mizuho reduced their target price on shares of The Hain Celestial Group from $10.00 to $8.00 and set a “neutral” rating for the company in a report on Monday, May 13th. Stifel Nicolaus reduced their target price on shares of The Hain Celestial Group from $10.00 to $8.00 and set a “hold” rating for the company in a report on Friday, April 26th. Finally, Maxim Group reduced their target price on shares of The Hain Celestial Group from $18.00 to $15.00 and set a “buy” rating for the company in a report on Thursday, May 9th. Eight research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $11.40.

Get Our Latest Report on The Hain Celestial Group

The Hain Celestial Group Trading Down 1.2 %

Shares of HAIN opened at $7.61 on Friday. The company has a current ratio of 2.10, a quick ratio of 1.07 and a debt-to-equity ratio of 0.82. The firm’s 50-day moving average is $6.85 and its two-hundred day moving average is $9.01. The Hain Celestial Group, Inc. has a twelve month low of $5.68 and a twelve month high of $13.23. The firm has a market capitalization of $683.71 million, a P/E ratio of -7.46 and a beta of 0.80.

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

The Hain Celestial Group 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.

Further Reading

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

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