Swiss National Bank Sells 8,500 Shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN)

Swiss National Bank lessened its position in The Hain Celestial Group, Inc. (NASDAQ:HAINGet Rating) by 3.8% in the second quarter, HoldingsChannel.com reports. The fund owned 215,214 shares of the company’s stock after selling 8,500 shares during the period. Swiss National Bank’s holdings in The Hain Celestial Group were worth $5,109,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. Huntington National Bank grew its position in shares of The Hain Celestial Group by 56.1% in the 1st quarter. Huntington National Bank now owns 1,753 shares of the company’s stock valued at $60,000 after acquiring an additional 630 shares during the period. Covestor Ltd lifted its stake in shares of The Hain Celestial Group by 130.7% during the 1st quarter. Covestor Ltd now owns 2,469 shares of the company’s stock worth $85,000 after buying an additional 1,399 shares during the last quarter. Core Alternative Capital lifted its stake in shares of The Hain Celestial Group by 1,187.4% during the 1st quarter. Core Alternative Capital now owns 2,665 shares of the company’s stock worth $92,000 after buying an additional 2,458 shares during the last quarter. Capital Wealth Alliance LLC acquired a new stake in shares of The Hain Celestial Group during the 2nd quarter worth about $261,000. Finally, Quent Capital LLC lifted its stake in shares of The Hain Celestial Group by 67.0% during the 1st quarter. Quent Capital LLC now owns 4,415 shares of the company’s stock worth $152,000 after buying an additional 1,771 shares during the last quarter. Institutional investors own 91.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Maxim Group cut their target price on shares of The Hain Celestial Group from $50.00 to $42.00 and set a “buy” rating for the company in a research note on Friday, August 26th. Mizuho raised their target price on shares of The Hain Celestial Group from $16.00 to $18.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 9th. Piper Sandler cut shares of The Hain Celestial Group from an “overweight” rating to a “neutral” rating and cut their target price for the stock from $23.00 to $17.00 in a research note on Thursday, October 20th. Cowen dropped their price objective on shares of The Hain Celestial Group to $24.00 in a research note on Thursday, October 13th. Finally, Consumer Edge cut shares of The Hain Celestial Group from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $30.00 to $23.00 in a research note on Monday, August 29th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, The Hain Celestial Group has a consensus rating of “Hold” and an average target price of $30.70.

The Hain Celestial Group Price Performance

Shares of NASDAQ:HAIN opened at $20.37 on Friday. The firm has a 50 day moving average of $18.03 and a 200-day moving average of $21.59. The stock has a market capitalization of $1.82 billion, a PE ratio of 28.69 and a beta of 0.79. The company has a current ratio of 2.31, a quick ratio of 1.09 and a debt-to-equity ratio of 0.86. The Hain Celestial Group, Inc. has a 12 month low of $15.23 and a 12 month high of $43.53.

The Hain Celestial Group (NASDAQ:HAINGet Rating) last issued its earnings results on Thursday, August 25th. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.19). The firm had revenue of $457.00 million during the quarter, compared to analyst estimates of $461.69 million. The Hain Celestial Group had a net margin of 3.48% and a return on equity of 7.14%. The Hain Celestial Group’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.39 earnings per share. On average, equities research analysts predict that The Hain Celestial Group, Inc. will post 0.88 EPS for the current fiscal year.

The Hain Celestial Group Company Profile

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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.

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

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