The Hain Celestial Group, Inc. $HAIN Shares Bought by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC grew its holdings in The Hain Celestial Group, Inc. (NASDAQ:HAIN) by 38.2% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 32,613 shares of the company’s stock after acquiring an additional 9,021 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in The Hain Celestial Group were worth $54,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Millennium Management LLC raised its position in The Hain Celestial Group by 295.4% in the first quarter. Millennium Management LLC now owns 4,731,690 shares of the company’s stock valued at $19,637,000 after purchasing an additional 3,535,073 shares during the period. Wellington Management Group LLP grew its stake in shares of The Hain Celestial Group by 5.6% in the first quarter. Wellington Management Group LLP now owns 2,459,465 shares of the company’s stock valued at $10,207,000 after buying an additional 130,642 shares in the last quarter. Invenomic Capital Management LP raised its stake in shares of The Hain Celestial Group by 7.7% during the first quarter. Invenomic Capital Management LP now owns 2,174,523 shares of the company’s stock valued at $9,024,000 after purchasing an additional 155,534 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of The Hain Celestial Group by 32.5% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,595,704 shares of the company’s stock worth $6,622,000 after purchasing an additional 391,034 shares in the last quarter. Finally, AQR Capital Management LLC boosted its stake in shares of The Hain Celestial Group by 151.1% in the first quarter. AQR Capital Management LLC now owns 1,066,048 shares of the company’s stock valued at $4,424,000 after purchasing an additional 641,567 shares during the period. 97.01% of the stock is owned by hedge funds and other institutional investors.

The Hain Celestial Group Stock Down 4.3%

Shares of NASDAQ:HAIN opened at $1.34 on Monday. The company’s fifty day moving average is $1.69 and its two-hundred day moving average is $2.03. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.02 and a current ratio of 1.91. The Hain Celestial Group, Inc. has a 1-year low of $1.30 and a 1-year high of $9.43. The stock has a market capitalization of $120.99 million, a price-to-earnings ratio of -0.23 and a beta of 0.82.

The Hain Celestial Group (NASDAQ:HAIN) last announced its quarterly earnings data on Monday, September 15th. The company reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.06). The Hain Celestial Group had a negative net margin of 34.03% and a positive return on equity of 1.10%. The business had revenue of $363.35 million for the quarter, compared to the consensus estimate of $371.58 million. During the same period in the prior year, the company earned $0.13 EPS. The Hain Celestial Group’s quarterly revenue was down 13.4% on a year-over-year basis. Equities analysts anticipate that The Hain Celestial Group, Inc. will post 0.4 EPS for the current year.

Insider Activity at The Hain Celestial Group

In related news, CEO Alison Lewis bought 44,895 shares of the company’s stock in a transaction on Friday, September 19th. The shares were purchased at an average cost of $1.50 per share, with a total value of $67,342.50. Following the completion of the transaction, the chief executive officer directly owned 74,895 shares of the company’s stock, valued at approximately $112,342.50. This represents a 149.65% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Neil Campbell bought 62,640 shares of the business’s stock in a transaction on Friday, September 19th. The stock was bought at an average price of $1.52 per share, for a total transaction of $95,212.80. Following the completion of the purchase, the director directly owned 125,569 shares of the company’s stock, valued at $190,864.88. The trade was a 99.54% increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders purchased 137,535 shares of company stock worth $207,255. Company insiders own 1.71% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Barclays dropped 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, September 17th. Zacks Research lowered The Hain Celestial Group from a “hold” rating to a “strong sell” rating in a research report on Wednesday, September 17th. Stephens cut The Hain Celestial Group from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $3.00 to $2.00 in a research note on Wednesday, September 17th. Wall Street Zen lowered The Hain Celestial Group from a “hold” rating to a “sell” rating in a research note on Saturday, September 20th. Finally, Mizuho cut their target price on The Hain Celestial Group from $2.50 to $1.50 and set a “neutral” rating on the stock in a research report on Tuesday, September 16th. One research analyst has rated the stock with a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Reduce” and a consensus target price of $3.28.

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.