Guggenheim Capital LLC Invests $136,000 in The Hain Celestial Group, Inc. (NASDAQ:HAIN)

Guggenheim Capital LLC acquired a new position in shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 22,089 shares of the company’s stock, valued at approximately $136,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Van ECK Associates Corp raised its holdings in shares of 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 acquiring an additional 3,554 shares during the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of The Hain Celestial Group in the 3rd quarter worth about $93,000. Virtu Financial LLC acquired a new stake in shares of The Hain Celestial Group in the 4th quarter worth about $73,000. Grace & White Inc. NY acquired a new stake in shares of The Hain Celestial Group in the 4th quarter worth about $86,000. Finally, Polymer Capital Management US LLC purchased a new stake in The Hain Celestial Group in the 4th quarter valued at about $90,000. Institutional investors own 97.01% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Barclays decreased their price objective on shares of The Hain Celestial Group from $5.00 to $4.00 and set an “equal weight” rating for the company in a research note on Monday, April 14th. Piper Sandler decreased their price objective on shares of The Hain Celestial Group from $8.00 to $7.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Maxim Group decreased 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. Mizuho decreased 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 note on Tuesday, February 11th. Finally, JPMorgan Chase & Co. decreased their price objective 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. 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, The Hain Celestial Group has an average rating of “Hold” and an average price target of $5.94.

The Hain Celestial Group Stock Up 0.7 %

HAIN opened at $2.97 on Wednesday. The company has a 50 day moving average of $3.66 and a 200 day moving average of $5.65. The company has a market cap of $268.03 million, a PE ratio of -1.53 and a beta of 0.93. The Hain Celestial Group, Inc. has a 12 month low of $2.68 and a 12 month high of $9.43. 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 Hain Celestial Group (NASDAQ:HAIN) last released its quarterly earnings data on Monday, February 10th. The company reported $0.08 EPS 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%. On average, sell-side analysts expect that The Hain Celestial Group, Inc. will post 0.4 EPS for the current year.

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.