Raymond James & Associates Purchases 31,949 Shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN)

Raymond James & Associates lifted its position in The Hain Celestial Group, Inc. (NASDAQ:HAINGet Rating) by 17.4% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 216,003 shares of the company’s stock after purchasing an additional 31,949 shares during the period. Raymond James & Associates owned about 0.24% of The Hain Celestial Group worth $3,646,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in HAIN. Millennium Management LLC boosted its holdings in The Hain Celestial Group by 369.9% in the second quarter. Millennium Management LLC now owns 2,134,191 shares of the company’s stock valued at $50,666,000 after acquiring an additional 1,680,059 shares in the last quarter. Assenagon Asset Management S.A. raised its position in shares of The Hain Celestial Group by 870.1% in the 2nd quarter. Assenagon Asset Management S.A. now owns 1,251,091 shares of the company’s stock worth $29,701,000 after purchasing an additional 1,122,120 shares during the last quarter. AQR Capital Management LLC raised its position in shares of The Hain Celestial Group by 292.9% in the 2nd quarter. AQR Capital Management LLC now owns 609,673 shares of the company’s stock worth $14,309,000 after purchasing an additional 454,507 shares during the last quarter. Cubist Systematic Strategies LLC raised its position in shares of The Hain Celestial Group by 288.4% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 564,354 shares of the company’s stock worth $13,398,000 after purchasing an additional 419,044 shares during the last quarter. Finally, Northern Trust Corp raised its position in shares of The Hain Celestial Group by 33.3% in the 2nd quarter. Northern Trust Corp now owns 1,296,443 shares of the company’s stock worth $30,777,000 after purchasing an additional 323,980 shares during the last quarter. Institutional investors own 95.49% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on HAIN. Cowen lowered their price target on The Hain Celestial Group to $24.00 in a research report on Thursday, October 13th. Mizuho reduced their price objective on The Hain Celestial Group from $18.00 to $16.00 in a report on Friday, January 6th. CL King reduced their price objective on The Hain Celestial Group from $28.00 to $25.00 in a report on Tuesday, October 25th. Stifel Nicolaus began coverage on The Hain Celestial Group in a report on Monday, December 19th. They issued a “hold” rating and a $17.00 price objective for the company. Finally, Piper Sandler downgraded The Hain Celestial Group from an “overweight” rating to a “neutral” rating and reduced their price objective for the stock from $23.00 to $17.00 in a report on Thursday, October 20th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $29.27.

The Hain Celestial Group Trading Down 4.1 %

The Hain Celestial Group stock opened at $18.29 on Thursday. The business has a 50-day simple moving average of $18.12 and a two-hundred day simple moving average of $19.51. The company has a market cap of $1.63 billion, a P/E ratio of 25.76 and a beta of 0.80. The Hain Celestial Group, Inc. has a 52-week low of $15.19 and a 52-week high of $37.65. The company has a quick ratio of 1.09, a current ratio of 2.31 and a debt-to-equity ratio of 0.86.

The Hain Celestial Group (NASDAQ:HAINGet Rating) last announced its quarterly earnings data on Tuesday, November 8th. The company reported $0.10 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.10. The company had revenue of $439.35 million during the quarter, compared to the consensus estimate of $446.80 million. The Hain Celestial Group had a return on equity of 7.14% and a net margin of 3.48%. Analysts predict that The Hain Celestial Group, Inc. will post 0.79 EPS for the current year.

About The Hain Celestial Group

(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.

Read More

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

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.