Sageworth Trust Co Takes Position in The Hain Celestial Group, Inc. (NASDAQ:HAIN)

Sageworth Trust Co bought a new stake in The Hain Celestial Group, Inc. (NASDAQ:HAIN) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 38,088 shares of the company’s stock, valued at approximately $234,000.

A number of other institutional investors have also modified their holdings of HAIN. Allworth Financial LP lifted its position in The Hain Celestial Group by 433.5% during the 3rd quarter. Allworth Financial LP now owns 2,982 shares of the company’s stock worth $26,000 after acquiring an additional 2,423 shares during the period. Point72 Asia Singapore Pte. Ltd. lifted its holdings in shares of The Hain Celestial Group by 225.5% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 4,954 shares of the company’s stock worth $43,000 after purchasing an additional 3,432 shares during the period. CWM LLC grew its position in The Hain Celestial Group by 14.5% in the 3rd quarter. CWM LLC now owns 10,098 shares of the company’s stock valued at $87,000 after buying an additional 1,276 shares during the last quarter. CWA Asset Management Group LLC acquired a new position in The Hain Celestial Group in the 3rd quarter valued at $87,000. Finally, Sanctuary Advisors LLC purchased a new position in The Hain Celestial Group during the 3rd quarter worth $93,000. 97.01% of the stock is owned by institutional investors and hedge funds.

The Hain Celestial Group Stock Performance

NASDAQ HAIN opened at $4.69 on Friday. The business has a 50 day moving average price of $6.17 and a 200 day moving average price of $7.31. The company has a market capitalization of $422.99 million, a P/E ratio of -4.99 and a beta of 0.74. The Hain Celestial Group, Inc. has a 1-year low of $4.47 and a 1-year high of $10.10. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.01 and a quick ratio of 1.05.

The Hain Celestial Group (NASDAQ:HAIN) last announced its quarterly earnings results on Thursday, November 7th. The company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.02). The Hain Celestial Group had a negative net margin of 4.94% and a positive return on equity of 3.13%. The firm had revenue of $394.60 million during the quarter, compared to analysts’ expectations of $394.24 million. During the same quarter in the prior year, the business earned ($0.04) EPS. The company’s quarterly revenue was down 7.2% compared to the same quarter last year. Sell-side analysts expect that The Hain Celestial Group, Inc. will post 0.43 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Stifel Nicolaus lowered their target price on shares of The Hain Celestial Group from $9.00 to $7.00 and set a “hold” rating on the stock in a report on Friday, January 24th. JPMorgan Chase & Co. lowered their price objective on The Hain Celestial Group from $8.00 to $6.00 and set a “neutral” rating on the stock in a report on Monday, February 3rd. Barclays cut their target price on The Hain Celestial Group from $8.00 to $6.00 and set an “equal weight” rating for the company in a research note on Friday, January 17th. DA Davidson decreased 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, Piper Sandler cut their price objective on The Hain Celestial Group from $8.00 to $7.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Six equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $8.14.

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.