The Hain Celestial Group, Inc. (NASDAQ:HAIN) Shares Sold by Sasco Capital Inc. CT

Sasco Capital Inc. CT reduced its stake in shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN) by 14.0% during the 3rd quarter, Holdings Channel.com reports. The firm owned 1,727,099 shares of the company’s stock after selling 280,110 shares during the quarter. The Hain Celestial Group comprises approximately 2.2% of Sasco Capital Inc. CT’s holdings, making the stock its 28th biggest position. Sasco Capital Inc. CT’s holdings in The Hain Celestial Group were worth $14,905,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the stock. BNP Paribas Financial Markets increased its holdings in The Hain Celestial Group by 164.6% in the first quarter. BNP Paribas Financial Markets now owns 70,526 shares of the company’s stock valued at $554,000 after buying an additional 43,873 shares in the last quarter. Sei Investments Co. boosted its position in The Hain Celestial Group by 17.9% during the first quarter. Sei Investments Co. now owns 54,087 shares of the company’s stock worth $425,000 after purchasing an additional 8,203 shares in the last quarter. State Board of Administration of Florida Retirement System increased its position in shares of The Hain Celestial Group by 24.3% in the first quarter. State Board of Administration of Florida Retirement System now owns 31,747 shares of the company’s stock valued at $250,000 after buying an additional 6,210 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of The Hain Celestial Group by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 10,942,729 shares of the company’s stock worth $86,010,000 after buying an additional 84,689 shares during the period. Finally, CANADA LIFE ASSURANCE Co lifted its position in shares of The Hain Celestial Group by 3.8% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 103,773 shares of the company’s stock valued at $814,000 after buying an additional 3,767 shares in the last quarter. Institutional investors and hedge funds own 97.01% of the company’s stock.

Insider Buying and Selling at The Hain Celestial Group

In other news, insider Chad D. Marquardt purchased 5,300 shares of the stock in a transaction dated Wednesday, September 4th. The stock was acquired at an average cost of $8.32 per share, for a total transaction of $44,096.00. Following the completion of the transaction, the insider now directly owns 15,300 shares in the company, valued at approximately $127,296. This represents a 53.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. 0.83% of the stock is currently owned by corporate insiders.

The Hain Celestial Group Stock Down 0.1 %

Shares of HAIN stock opened at $7.23 on Tuesday. The firm’s 50-day moving average is $8.25 and its two-hundred day moving average is $7.60. The company has a quick ratio of 1.05, a current ratio of 2.01 and a debt-to-equity ratio of 0.76. The Hain Celestial Group, Inc. has a 12 month low of $5.68 and a 12 month high of $11.68.

The Hain Celestial Group (NASDAQ:HAIN) last posted its earnings results on Thursday, November 7th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.02). The Hain Celestial Group had a positive return on equity of 3.13% and a negative net margin of 4.94%. The business had revenue of $394.60 million for the quarter, compared to analyst estimates of $394.24 million. During the same period last year, the business earned ($0.04) EPS. The Hain Celestial Group’s revenue was down 7.2% compared to the same quarter last year. Equities research analysts anticipate that The Hain Celestial Group, Inc. will post 0.47 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on HAIN. Piper Sandler restated a “neutral” rating and set a $8.00 price objective on shares of The Hain Celestial Group in a research report on Thursday, September 19th. Stifel Nicolaus increased their target price on The Hain Celestial Group from $8.00 to $9.00 and gave the company a “hold” rating in a report on Wednesday, August 28th. DA Davidson lowered their price target on The Hain Celestial Group from $9.00 to $8.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 12th. Finally, Barclays lowered their target price on shares of The Hain Celestial Group from $9.00 to $8.00 and set an “equal weight” rating on the stock in a research note on Monday, November 11th. Six equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $9.43.

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.