The Hain Celestial Group, Inc. (NASDAQ:HAIN) Shares Purchased by Public Sector Pension Investment Board

Public Sector Pension Investment Board increased its position in shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN) by 6.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 197,661 shares of the company’s stock after buying an additional 11,500 shares during the period. Public Sector Pension Investment Board owned 0.22% of The Hain Celestial Group worth $1,366,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in HAIN. Signaturefd LLC boosted its stake in shares of The Hain Celestial Group by 125.9% during the 2nd quarter. Signaturefd LLC now owns 3,994 shares of the company’s stock worth $28,000 after acquiring an additional 2,226 shares in the last quarter. nVerses Capital LLC boosted its position in The Hain Celestial Group by 161.1% during the second quarter. nVerses Capital LLC now owns 4,700 shares of the company’s stock worth $32,000 after purchasing an additional 2,900 shares in the last quarter. CWM LLC grew its holdings in The Hain Celestial Group by 357.8% in the second quarter. CWM LLC now owns 8,822 shares of the company’s stock valued at $61,000 after purchasing an additional 6,895 shares during the period. Choreo LLC purchased a new stake in shares of The Hain Celestial Group in the second quarter valued at approximately $71,000. Finally, Intech Investment Management LLC acquired a new position in shares of The Hain Celestial Group during the 2nd quarter worth approximately $82,000. Institutional investors and hedge funds own 97.01% of the company’s stock.

Insider Buying and Selling

In other news, insider Chad D. Marquardt bought 5,300 shares of the firm’s stock in a transaction on Wednesday, September 4th. The shares were bought at an average cost of $8.32 per share, for a total transaction of $44,096.00. Following the acquisition, the insider now directly owns 15,300 shares of the company’s stock, valued at approximately $127,296. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.72% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Stifel Nicolaus lifted their price target on shares of The Hain Celestial Group from $8.00 to $9.00 and gave the company a “hold” rating in a research note on Wednesday, August 28th. Piper Sandler reissued a “neutral” rating and set a $8.00 target price on shares of The Hain Celestial Group in a research note on Thursday, September 19th. Barclays raised their price target on shares of The Hain Celestial Group from $7.00 to $9.00 and gave the company an “equal weight” rating in a research note on Thursday, August 29th. Finally, DA Davidson reiterated a “neutral” rating and set a $8.00 price objective on shares of The Hain Celestial Group in a research note on Wednesday, August 28th. Seven analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $10.88.

The Hain Celestial Group Trading Up 3.7 %

Shares of The Hain Celestial Group stock opened at $8.95 on Wednesday. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.98 and a quick ratio of 1.01. The stock’s 50 day simple moving average is $7.59 and its 200-day simple moving average is $7.26. The stock has a market cap of $804.10 million, a P/E ratio of -8.77 and a beta of 0.75. The Hain Celestial Group, Inc. has a 1-year low of $5.68 and a 1-year high of $12.49.

The Hain Celestial Group (NASDAQ:HAIN) last issued its earnings results on Tuesday, August 27th. The company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.05. The Hain Celestial Group had a positive return on equity of 3.10% and a negative net margin of 4.32%. The company had revenue of $419.00 million during the quarter, compared to analysts’ expectations of $417.99 million. During the same period in the prior year, the business earned $0.11 EPS. The firm’s quarterly revenue was down 6.4% on a year-over-year basis. Analysts predict that The Hain Celestial Group, Inc. will post 0.49 EPS 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.