Invesco Ltd. Grows Stock Holdings in The Hain Celestial Group, Inc. (NASDAQ:HAIN)

Invesco Ltd. lifted its stake in shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN) by 272.4% in the 4th quarter, Holdings Channel reports. The institutional investor owned 5,870,075 shares of the company’s stock after acquiring an additional 4,293,945 shares during the quarter. Invesco Ltd. owned approximately 0.07% of The Hain Celestial Group worth $36,101,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of HAIN. Van ECK Associates Corp grew its position in The Hain Celestial Group by 49.0% during the 4th quarter. Van ECK Associates Corp now owns 10,805 shares of the company’s stock worth $66,000 after purchasing an additional 3,554 shares during the last quarter. Virtu Financial LLC acquired a new stake in shares of The Hain Celestial Group in the 4th quarter valued at approximately $73,000. Grace & White Inc. NY acquired a new position in shares of The Hain Celestial Group during the 4th quarter worth $86,000. Polymer Capital Management US LLC purchased a new position in The Hain Celestial Group in the fourth quarter valued at about $90,000. Finally, Sanctuary Advisors LLC acquired a new position in The Hain Celestial Group during the third quarter worth $93,000. Institutional investors and hedge funds own 97.01% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on HAIN shares. Piper Sandler lowered their target price on The Hain Celestial Group from $8.00 to $7.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. Barclays decreased their price target on shares of The Hain Celestial Group from $5.00 to $4.00 and set an “equal weight” rating on the stock in a report on Monday. Stifel Nicolaus dropped their target price on shares of 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. Maxim Group reduced their price objective on The Hain Celestial Group from $15.00 to $10.00 and set a “buy” rating on the stock in a research note on Tuesday, February 11th. Finally, Mizuho lowered their price target on shares of The Hain Celestial Group from $7.00 to $4.50 and set a “neutral” rating for the company in a report on Tuesday, February 11th. Seven investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $6.31.

The Hain Celestial Group Trading Down 8.2 %

NASDAQ HAIN opened at $2.69 on Thursday. The stock has a market cap of $242.76 million, a price-to-earnings ratio of -1.39 and a beta of 0.93. The Hain Celestial Group, Inc. has a twelve month low of $2.68 and a twelve month high of $9.43. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.00 and a current ratio of 1.90. The firm’s 50 day moving average price is $3.87 and its two-hundred day moving average price is $6.02.

The Hain Celestial Group (NASDAQ:HAIN) last posted its quarterly earnings results 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%. Equities analysts anticipate that The Hain Celestial Group, Inc. will post 0.4 EPS for the current year.

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.