The Hain Celestial Group, Inc. $HAIN Stake Lifted by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC increased its stake in The Hain Celestial Group, Inc. (NASDAQ:HAIN) by 45.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,067 shares of the company’s stock after acquiring an additional 9,335 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in The Hain Celestial Group were worth $46,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the company. Wealth Enhancement Advisory Services LLC grew its stake in The Hain Celestial Group by 45.6% in the first 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 in the last quarter. Janney Montgomery Scott LLC grew its position in The Hain Celestial Group by 16.1% in the 1st quarter. Janney Montgomery Scott LLC now owns 84,143 shares of the company’s stock worth $349,000 after purchasing an additional 11,675 shares during the last quarter. Sageworth Trust Co grew its position in The Hain Celestial Group by 189.7% in the 1st quarter. Sageworth Trust Co now owns 110,334 shares of the company’s stock worth $458,000 after purchasing an additional 72,246 shares during the last quarter. Cerity Partners LLC boosted its position in shares of The Hain Celestial Group by 50.8% during the 1st quarter. Cerity Partners LLC now owns 16,708 shares of the company’s stock valued at $69,000 after acquiring an additional 5,625 shares in the last quarter. Finally, Ballentine Partners LLC acquired a new stake in shares of The Hain Celestial Group during the 1st quarter valued at about $102,000. Institutional investors and hedge funds own 97.01% of the company’s stock.

Insider Transactions at The Hain Celestial Group

In related news, CEO Alison Lewis purchased 44,895 shares of The Hain Celestial Group stock in a transaction dated Friday, September 19th. The shares were bought at an average cost of $1.50 per share, for a total transaction of $67,342.50. Following the purchase, the chief executive officer owned 74,895 shares in the company, valued at approximately $112,342.50. This trade represents a 149.65% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Neil Campbell purchased 62,640 shares of The Hain Celestial Group stock in a transaction dated 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 owned 125,569 shares in the company, valued at $190,864.88. This represents a 99.54% increase in their position. The disclosure for this purchase can be found here. Insiders have acquired 137,535 shares of company stock worth $207,255 over the last quarter. Corporate insiders own 1.71% of the company’s stock.

The Hain Celestial Group Trading Down 2.8%

Shares of The Hain Celestial Group stock opened at $1.40 on Tuesday. The company has a market capitalization of $126.41 million, a price-to-earnings ratio of -0.24 and a beta of 0.82. The company has a quick ratio of 1.02, a current ratio of 1.91 and a debt-to-equity ratio of 1.47. The Hain Celestial Group, Inc. has a 12-month low of $1.29 and a 12-month high of $9.43. The firm’s 50-day moving average price is $1.62 and its two-hundred day moving average price is $1.85.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on HAIN shares. 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 research note on Tuesday, September 16th. Barclays reduced their price target on shares of The Hain Celestial Group from $2.00 to $1.50 and set an “equal weight” rating for the company in a report on Wednesday, September 17th. Wall Street Zen cut shares of The Hain Celestial Group from a “hold” rating to a “sell” rating in a report on Saturday, September 20th. Weiss Ratings restated a “sell (e+)” rating on shares of The Hain Celestial Group in a report on Tuesday, October 14th. Finally, Stephens lowered shares of The Hain Celestial Group from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $3.00 to $2.00 in a research report on Wednesday, September 17th. One equities research analyst has rated the stock with a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Reduce” and an average target price of $3.28.

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.