The Hain Celestial Group, Inc. (NASDAQ:HAIN) Shares Sold by Corebridge Financial Inc.

Corebridge Financial Inc. lessened its stake in The Hain Celestial Group, Inc. (NASDAQ:HAIN) by 7.2% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 47,774 shares of the company’s stock after selling 3,716 shares during the quarter. Corebridge Financial Inc.’s holdings in The Hain Celestial Group were worth $294,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Illinois Municipal Retirement Fund lifted its stake in The Hain Celestial Group by 4.4% in the fourth quarter. Illinois Municipal Retirement Fund now owns 49,113 shares of the company’s stock worth $302,000 after acquiring an additional 2,091 shares during the last quarter. FMR LLC lifted its position in shares of The Hain Celestial Group by 14.9% during the 3rd quarter. FMR LLC now owns 17,580 shares of the company’s stock worth $152,000 after purchasing an additional 2,280 shares during the last quarter. Franklin Resources Inc. grew its stake in shares of The Hain Celestial Group by 5.7% during the third quarter. Franklin Resources Inc. now owns 52,507 shares of the company’s stock worth $445,000 after purchasing an additional 2,814 shares in the last quarter. Van ECK Associates Corp increased its holdings in The Hain Celestial Group by 49.0% in the fourth quarter. Van ECK Associates Corp now owns 10,805 shares of the company’s stock valued at $66,000 after buying an additional 3,554 shares during the last quarter. Finally, GAMMA Investing LLC raised its stake in The Hain Celestial Group by 20.7% in the fourth quarter. GAMMA Investing LLC now owns 30,650 shares of the company’s stock valued at $188,000 after buying an additional 5,250 shares in the last quarter. 97.01% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently commented on HAIN. Maxim Group dropped their price objective on The Hain Celestial Group from $15.00 to $10.00 and set a “buy” rating on the stock in a report on Tuesday, February 11th. JPMorgan Chase & Co. reduced their price target on shares of The Hain Celestial Group from $6.00 to $5.00 and set a “neutral” rating for the company in a research report on Friday, March 14th. Mizuho dropped their price objective on The Hain Celestial Group from $7.00 to $4.50 and set a “neutral” rating on the stock in a report on Tuesday, February 11th. Stifel Nicolaus decreased their target price on The Hain Celestial Group from $7.00 to $6.00 and set a “hold” rating for the company in a research report on Tuesday, February 11th. Finally, Barclays cut their price target on The Hain Celestial Group from $6.00 to $5.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 11th. Seven equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $6.44.

The Hain Celestial Group Price Performance

Shares of NASDAQ:HAIN opened at $3.37 on Friday. The company has a quick ratio of 1.00, a current ratio of 1.90 and a debt-to-equity ratio of 0.90. The company has a 50-day moving average price of $4.02 and a 200 day moving average price of $6.15. The Hain Celestial Group, Inc. has a 52 week low of $3.25 and a 52 week high of $9.43. The company has a market cap of $304.13 million, a P/E ratio of -1.74 and a beta of 0.93.

The Hain Celestial Group (NASDAQ:HAIN) last announced its quarterly earnings data on Monday, February 10th. The company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.04). The Hain Celestial Group had a positive return on equity of 2.88% and a negative net margin of 10.51%. Research analysts predict that The Hain Celestial Group, Inc. will post 0.4 earnings per share for the current year.

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.