JPMorgan Chase & Co. Purchases 171,420 Shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN)

JPMorgan Chase & Co. boosted its position in The Hain Celestial Group, Inc. (NASDAQ:HAIN) by 53.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 491,877 shares of the company’s stock after buying an additional 171,420 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.55% of The Hain Celestial Group worth $3,025,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the company. FMR LLC grew its position in The Hain Celestial Group by 14.9% in the third quarter. FMR LLC now owns 17,580 shares of the company’s stock valued at $152,000 after purchasing an additional 2,280 shares in the last quarter. Jane Street Group LLC increased its holdings in The Hain Celestial Group by 72.6% during the third quarter. Jane Street Group LLC now owns 174,450 shares of the company’s stock worth $1,506,000 after buying an additional 73,352 shares during the last quarter. Barclays PLC lifted its stake in The Hain Celestial Group by 124.6% in the third quarter. Barclays PLC now owns 182,609 shares of the company’s stock valued at $1,576,000 after acquiring an additional 101,290 shares during the last quarter. Geode Capital Management LLC grew its position in shares of The Hain Celestial Group by 6.8% in the 3rd 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 period. Finally, Sanctuary Advisors LLC acquired a new position in shares of The Hain Celestial Group during the 3rd quarter worth about $93,000. Institutional investors and hedge funds own 97.01% of the company’s stock.

The Hain Celestial Group Price Performance

Shares of The Hain Celestial Group stock opened at $3.02 on Tuesday. The company has a quick ratio of 1.00, a current ratio of 1.90 and a debt-to-equity ratio of 0.90. The stock has a market capitalization of $272.55 million, a price-to-earnings ratio of -1.56 and a beta of 0.93. The Hain Celestial Group, Inc. has a twelve month low of $2.68 and a twelve month high of $9.43. The company has a 50-day simple moving average of $3.79 and a two-hundred day simple moving average of $5.86.

The Hain Celestial Group (NASDAQ:HAIN) last issued its quarterly earnings results on Monday, February 10th. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate 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%. Analysts forecast that The Hain Celestial Group, Inc. will post 0.4 EPS for the current year.

Wall Street Analysts Forecast Growth

HAIN has been the topic of a number of recent analyst reports. Piper Sandler decreased their target price on 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. Evercore ISI dropped their price objective on shares of The Hain Celestial Group from $9.00 to $6.00 and set an “in-line” rating on the stock in a research report on Wednesday, February 12th. Stifel Nicolaus cut their target price on shares of The Hain Celestial Group from $7.00 to $6.00 and set a “hold” rating for the company in a research note on Tuesday, February 11th. Barclays decreased their price target on shares of The Hain Celestial Group from $5.00 to $4.00 and set an “equal weight” rating on the stock in a research note on Monday, April 14th. Finally, Mizuho cut their price objective on shares of The Hain Celestial Group from $7.00 to $4.50 and set a “neutral” rating for the company in a research report on Tuesday, February 11th. Seven analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $6.31.

The Hain Celestial Group Company 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.