Inspire Investing LLC Raises Stock Holdings in The Hain Celestial Group, Inc. $HAIN

Inspire Investing LLC boosted its stake in The Hain Celestial Group, Inc. (NASDAQ:HAIN) by 24.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 81,122 shares of the company’s stock after buying an additional 15,851 shares during the quarter. Inspire Investing LLC owned approximately 0.09% of The Hain Celestial Group worth $337,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in HAIN. Assenagon Asset Management S.A. raised its position in shares of The Hain Celestial Group by 89.0% during the 1st quarter. Assenagon Asset Management S.A. now owns 567,234 shares of the company’s stock valued at $2,354,000 after buying an additional 267,161 shares during the period. Charles Schwab Investment Management Inc. raised its position in The Hain Celestial Group by 32.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,595,704 shares of the company’s stock valued at $6,622,000 after purchasing an additional 391,034 shares during the period. Wealth Enhancement Advisory Services LLC lifted its stake in shares of The Hain Celestial Group by 45.6% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 23,592 shares of the company’s stock valued at $98,000 after purchasing an additional 7,389 shares during the last quarter. Wellington Management Group LLP purchased a new position in shares of The Hain Celestial Group during the 4th quarter worth $14,322,000. Finally, Jump Financial LLC purchased a new position in shares of The Hain Celestial Group during the 1st quarter worth $814,000. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

The Hain Celestial Group Trading Down 3.4%

NASDAQ HAIN opened at $1.44 on Thursday. The Hain Celestial Group, Inc. has a 52 week low of $1.30 and a 52 week high of $9.43. The firm has a 50 day moving average of $1.74 and a two-hundred day moving average of $2.35. The company has a quick ratio of 0.99, a current ratio of 1.91 and a debt-to-equity ratio of 1.47. The stock has a market capitalization of $130.02 million, a PE ratio of -0.24 and a beta of 0.79.

The Hain Celestial Group (NASDAQ:HAIN) last issued its earnings results on Monday, September 15th. The company reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.06). The Hain Celestial Group had a positive return on equity of 1.10% and a negative net margin of 34.03%.The firm had revenue of $363.35 million for the quarter, compared to analyst estimates of $371.58 million. During the same quarter in the previous year, the firm posted $0.13 EPS. The business’s revenue for the quarter was down 13.4% on a year-over-year basis. As a group, research analysts expect that The Hain Celestial Group, Inc. will post 0.4 EPS for the current fiscal year.

Wall Street Analyst Weigh In

HAIN has been the subject of several research reports. Mizuho dropped their target price on shares of The Hain Celestial Group from $2.50 to $1.50 and set a “neutral” rating for the company in a report on Tuesday. Piper Sandler dropped their price objective on The Hain Celestial Group from $2.00 to $1.80 and set a “neutral” rating for the company in a research note on Tuesday, June 3rd. Stephens lowered The Hain Celestial Group from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $3.00 to $2.00 in a research note on Wednesday. Zacks Research upgraded The Hain Celestial Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 19th. Finally, Barclays cut their price target on shares of The Hain Celestial Group from $2.00 to $1.50 and set an “equal weight” rating on the stock in a research note on Wednesday. One research analyst has rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $3.28.

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.