LPL Financial LLC Has $438,000 Stock Holdings in The Hain Celestial Group, Inc. (NASDAQ:HAIN)

LPL Financial LLC lowered its holdings in The Hain Celestial Group, Inc. (NASDAQ:HAIN) by 12.8% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 71,253 shares of the company’s stock after selling 10,418 shares during the quarter. LPL Financial LLC owned 0.08% of The Hain Celestial Group worth $438,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the business. Illinois Municipal Retirement Fund grew its stake in shares of The Hain Celestial Group by 4.4% in the fourth quarter. Illinois Municipal Retirement Fund now owns 49,113 shares of the company’s stock worth $302,000 after acquiring an additional 2,091 shares during the last quarter. Franklin Resources Inc. boosted its holdings in The Hain Celestial Group by 5.7% in the 3rd quarter. Franklin Resources Inc. now owns 52,507 shares of the company’s stock valued at $445,000 after purchasing an additional 2,814 shares during the period. Van ECK Associates Corp grew its position in The Hain Celestial Group by 49.0% in the 4th quarter. Van ECK Associates Corp now owns 10,805 shares of the company’s stock worth $66,000 after purchasing an additional 3,554 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of The Hain Celestial Group by 20.7% during the 4th quarter. GAMMA Investing LLC now owns 30,650 shares of the company’s stock worth $188,000 after purchasing an additional 5,250 shares during the period. Finally, Central Pacific Bank Trust Division raised its position in shares of The Hain Celestial Group by 14.9% during the fourth quarter. Central Pacific Bank Trust Division now owns 42,512 shares of the company’s stock valued at $261,000 after buying an additional 5,517 shares during the last quarter. 97.01% of the stock is owned by institutional investors.

The Hain Celestial Group Stock Down 4.2 %

Shares of NASDAQ:HAIN opened at $2.94 on Friday. The company’s fifty day moving average is $3.70 and its 200-day moving average is $5.74. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.00 and a current ratio of 1.90. The Hain Celestial Group, Inc. has a 52 week low of $2.68 and a 52 week high of $9.43. The company has a market capitalization of $265.33 million, a PE ratio of -1.52 and a beta of 0.93.

The Hain Celestial Group (NASDAQ:HAIN) last issued its quarterly earnings data on Monday, February 10th. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.04). The Hain Celestial Group had a positive return on equity of 2.88% and a negative net margin of 10.51%. Equities research analysts predict that The Hain Celestial Group, Inc. will post 0.4 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on HAIN shares. Stifel Nicolaus decreased their target price on The Hain Celestial Group from $6.00 to $4.00 and set a “hold” rating on the stock in a research report on Thursday. Piper Sandler decreased their price objective 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. Mizuho cut their target price on The Hain Celestial Group from $7.00 to $4.50 and set a “neutral” 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, Maxim Group dropped their price objective on shares of The Hain Celestial Group from $15.00 to $10.00 and set a “buy” rating for the company in a research note on Tuesday, February 11th. Seven analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, The Hain Celestial Group has a consensus rating of “Hold” and an average price target of $5.94.

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.