Corebridge Financial Inc. Cuts Holdings in The Hain Celestial Group, Inc. (NASDAQ:HAIN)

Corebridge Financial Inc. lowered its stake in shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN) by 7.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 47,774 shares of the company’s stock after selling 3,716 shares during the period. Corebridge Financial Inc. owned 0.05% of The Hain Celestial Group worth $294,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Wealthfront Advisers LLC bought a new stake in The Hain Celestial Group during the fourth quarter valued at about $370,371,000. State Street Corp raised its stake in shares of The Hain Celestial Group by 0.4% during the 3rd quarter. State Street Corp now owns 3,464,855 shares of the company’s stock worth $29,902,000 after acquiring an additional 15,494 shares in the last quarter. Geode Capital Management LLC lifted its position in The Hain Celestial Group by 6.8% during the third quarter. Geode Capital Management LLC now owns 2,229,181 shares of the company’s stock valued at $19,241,000 after acquiring an additional 142,097 shares during the last quarter. Madison Investment Advisors LLC acquired a new stake in The Hain Celestial Group in the fourth quarter valued at approximately $3,583,000. Finally, Principal Financial Group Inc. grew its holdings in The Hain Celestial Group by 3.3% in the fourth quarter. Principal Financial Group Inc. now owns 437,354 shares of the company’s stock worth $2,690,000 after purchasing an additional 13,849 shares during the last quarter. Institutional investors own 97.01% of the company’s stock.

Wall Street Analyst Weigh In

HAIN has been the topic of a number of recent analyst reports. Stifel Nicolaus cut their price target on shares of The Hain Celestial Group from $7.00 to $6.00 and set a “hold” rating on the stock in a research note on Tuesday, February 11th. Piper Sandler cut their price target on shares of The Hain Celestial Group from $8.00 to $7.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. Mizuho cut their price objective on shares of The Hain Celestial Group from $7.00 to $4.50 and set a “neutral” rating on the stock in a research note on Tuesday, February 11th. JPMorgan Chase & Co. lowered their price objective on The Hain Celestial Group from $6.00 to $5.00 and set a “neutral” rating on the stock in a research report on Friday, March 14th. Finally, Maxim Group lowered their price target on shares of The Hain Celestial Group from $15.00 to $10.00 and set a “buy” rating on the stock in a report on Tuesday, February 11th. Seven research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $6.44.

The Hain Celestial Group Stock Performance

HAIN opened at $3.37 on Friday. The company has a current ratio of 1.90, a quick ratio of 1.00 and a debt-to-equity ratio of 0.90. The firm’s 50-day moving average price is $4.02 and its 200 day moving average price is $6.15. The Hain Celestial Group, Inc. has a twelve month low of $3.25 and a twelve month high of $9.43. The firm has a market capitalization of $304.13 million, a PE ratio of -1.74 and a beta of 0.93.

The Hain Celestial Group (NASDAQ:HAIN) last announced its quarterly earnings data on Monday, February 10th. The company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.04). The Hain Celestial Group had a negative net margin of 10.51% and a positive return on equity of 2.88%. As a group, sell-side analysts expect that The Hain Celestial Group, Inc. will post 0.4 EPS for the current fiscal 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.