Arizona State Retirement System Has $880,000 Stock Position in The Hain Celestial Group, Inc. (NASDAQ:HAIN)

Arizona State Retirement System lifted its holdings in shares of The Hain Celestial Group, Inc. (NASDAQ:HAINGet Rating) by 2.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 25,567 shares of the company’s stock after purchasing an additional 568 shares during the quarter. Arizona State Retirement System’s holdings in The Hain Celestial Group were worth $880,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of HAIN. CWM LLC bought a new stake in shares of The Hain Celestial Group during the 4th quarter worth $28,000. National Bank of Canada FI bought a new stake in shares of The Hain Celestial Group during the 4th quarter worth $28,000. Northwestern Mutual Wealth Management Co. bought a new stake in shares of The Hain Celestial Group during the 4th quarter worth $33,000. Covestor Ltd bought a new stake in shares of The Hain Celestial Group during the 4th quarter worth $46,000. Finally, UMB Bank N A MO bought a new stake in shares of The Hain Celestial Group during the 4th quarter worth $67,000. Institutional investors and hedge funds own 94.98% of the company’s stock.

Insider Buying and Selling

In related news, Director Glenn W. Welling sold 209,238 shares of The Hain Celestial Group stock in a transaction that occurred on Monday, May 16th. The shares were sold at an average price of $26.80, for a total transaction of $5,607,578.40. Following the transaction, the director now owns 73,529 shares of the company’s stock, valued at approximately $1,970,577.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 16.90% of the stock is owned by insiders.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. CL King assumed coverage on shares of The Hain Celestial Group in a report on Tuesday, May 24th. They issued a “buy” rating and a $35.00 price target for the company. Cowen assumed coverage on shares of The Hain Celestial Group in a report on Monday, May 23rd. They issued an “outperform” rating and a $34.00 price target for the company. Mizuho reduced their price objective on shares of The Hain Celestial Group from $44.00 to $31.00 in a report on Monday, May 9th. Piper Sandler reduced their price objective on shares of The Hain Celestial Group from $36.00 to $31.00 and set an “overweight” rating for the company in a report on Thursday, June 16th. Finally, TheStreet downgraded shares of The Hain Celestial Group from a “b” rating to a “c” rating in a report on Thursday, June 2nd. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $41.11.

The Hain Celestial Group Trading Down 1.4 %

HAIN opened at $22.78 on Wednesday. The company has a current ratio of 1.98, a quick ratio of 0.94 and a debt-to-equity ratio of 0.72. The stock has a market capitalization of $2.05 billion, a PE ratio of 18.98 and a beta of 0.68. The Hain Celestial Group, Inc. has a 1-year low of $21.19 and a 1-year high of $48.88. The firm has a 50-day moving average price of $23.81 and a two-hundred day moving average price of $30.22.

The Hain Celestial Group (NASDAQ:HAINGet Rating) last issued its quarterly earnings results on Thursday, May 5th. The company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.46 by ($0.13). The Hain Celestial Group had a return on equity of 9.66% and a net margin of 6.12%. The business had revenue of $502.94 million for the quarter, compared to analyst estimates of $524.57 million. During the same quarter in the prior year, the firm earned $0.44 EPS. The firm’s quarterly revenue was up 2.1% compared to the same quarter last year. As a group, equities analysts anticipate that The Hain Celestial Group, Inc. will post 1.29 earnings per share for the current fiscal year.

The Hain Celestial Group Profile

(Get Rating)

The Hain Celestial Group, Inc manufactures, markets, and sells organic and natural products in United States, United Kingdom, 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, almond, and coconut; and condiments.

Further Reading

Want to see what other hedge funds are holding HAIN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Hain Celestial Group, Inc. (NASDAQ:HAINGet Rating).

Institutional Ownership by Quarter for The Hain Celestial Group (NASDAQ:HAIN)

Want More Great Investing Ideas?

Receive News & Ratings for The Hain Celestial Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Hain Celestial Group and related companies with MarketBeat.com's FREE daily email newsletter.