Russell Investments Group Ltd. Has $581,000 Stock Position in The Hain Celestial Group, Inc. (NASDAQ:HAIN)

Russell Investments Group Ltd. grew its position in The Hain Celestial Group, Inc. (NASDAQ:HAIN) by 4,317.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 94,488 shares of the company’s stock after acquiring an additional 92,349 shares during the quarter. Russell Investments Group Ltd. owned 0.10% of The Hain Celestial Group worth $581,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of HAIN. Wealthfront Advisers LLC bought a new position in The Hain Celestial Group in the fourth quarter worth $370,371,000. Barclays PLC lifted its holdings in shares of The Hain Celestial Group by 124.6% during the 3rd quarter. Barclays PLC now owns 182,609 shares of the company’s stock worth $1,576,000 after acquiring an additional 101,290 shares during the period. Proficio Capital Partners LLC acquired a new stake in shares of The Hain Celestial Group during the 4th quarter valued at about $142,000. Madison Investment Advisors LLC bought a new stake in The Hain Celestial Group in the fourth quarter valued at about $3,583,000. Finally, Rice Hall James & Associates LLC acquired a new position in The Hain Celestial Group in the fourth quarter worth about $2,652,000. Institutional investors and hedge funds own 97.01% of the company’s stock.

The Hain Celestial Group Stock Up 1.7 %

Shares of The Hain Celestial Group stock opened at $3.07 on Wednesday. The Hain Celestial Group, Inc. has a 12 month low of $2.68 and a 12 month high of $9.43. The business has a fifty day simple moving average of $3.76 and a 200 day simple moving average of $5.84. 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 cap of $277.06 million, a PE ratio of -1.58 and a beta of 0.93.

The Hain Celestial Group (NASDAQ:HAIN) last announced its quarterly earnings results on Monday, February 10th. The company reported $0.08 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%. Research analysts predict that The Hain Celestial Group, Inc. will post 0.4 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Barclays cut their price objective on The Hain Celestial Group from $5.00 to $4.00 and set an “equal weight” rating for the company in a report on Monday, April 14th. Mizuho reduced their price target on shares of The Hain Celestial Group from $7.00 to $4.50 and set a “neutral” rating on the stock in a research report on Tuesday, February 11th. Piper Sandler decreased their price objective 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. JPMorgan Chase & Co. dropped their target price on shares of The Hain Celestial Group from $6.00 to $5.00 and set a “neutral” rating for the company in a research note on Friday, March 14th. Finally, Maxim Group decreased 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 research note on Tuesday, February 11th. Seven research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, The Hain Celestial Group presently has an average rating of “Hold” and an average price target of $6.31.

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.