Van ECK Associates Corp Raises Stock Position in The Hain Celestial Group, Inc. (NASDAQ:HAIN)

Van ECK Associates Corp boosted its holdings in The Hain Celestial Group, Inc. (NASDAQ:HAINGet Rating) by 17.6% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 8,386 shares of the company’s stock after buying an additional 1,254 shares during the period. Van ECK Associates Corp’s holdings in The Hain Celestial Group were worth $142,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. Clearbridge Investments LLC increased its stake in The Hain Celestial Group by 5.8% in the 1st quarter. Clearbridge Investments LLC now owns 3,063,709 shares of the company’s stock worth $105,392,000 after buying an additional 167,520 shares in the last quarter. State Street Corp increased its stake in The Hain Celestial Group by 10.9% in the 2nd quarter. State Street Corp now owns 2,766,678 shares of the company’s stock worth $65,681,000 after buying an additional 271,771 shares in the last quarter. Millennium Management LLC grew its position in shares of The Hain Celestial Group by 369.9% during the second quarter. Millennium Management LLC now owns 2,134,191 shares of the company’s stock valued at $50,666,000 after purchasing an additional 1,680,059 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of The Hain Celestial Group by 4.0% during the first quarter. Dimensional Fund Advisors LP now owns 1,603,600 shares of the company’s stock valued at $55,166,000 after purchasing an additional 62,034 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its position in shares of The Hain Celestial Group by 19.6% during the third quarter. Assenagon Asset Management S.A. now owns 1,496,117 shares of the company’s stock valued at $25,254,000 after purchasing an additional 245,026 shares in the last quarter. Hedge funds and other institutional investors own 95.49% of the company’s stock.

The Hain Celestial Group Stock Down 0.2 %

Shares of NASDAQ HAIN opened at $18.25 on Friday. The company has a debt-to-equity ratio of 0.86, a current ratio of 2.31 and a quick ratio of 1.09. The company has a market cap of $1.63 billion, a P/E ratio of 25.70 and a beta of 0.80. The Hain Celestial Group, Inc. has a 1 year low of $15.19 and a 1 year high of $37.65. The firm has a 50-day simple moving average of $18.08 and a two-hundred day simple moving average of $19.50.

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, hitting the consensus estimate of $0.10. The business had revenue of $439.35 million during the quarter, compared to the consensus estimate of $446.80 million. The Hain Celestial Group had a net margin of 3.48% and a return on equity of 7.14%. Research analysts anticipate that The Hain Celestial Group, Inc. will post 0.79 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on HAIN shares. Mizuho cut their price objective on The Hain Celestial Group from $18.00 to $16.00 in a research report on Friday, January 6th. Stifel Nicolaus started coverage on The Hain Celestial Group in a research report on Monday, December 19th. They set a “hold” rating and a $17.00 price objective for the company. StockNews.com started coverage on The Hain Celestial Group in a research report on Wednesday, October 12th. They set a “sell” rating for the company. Cowen cut their price objective on The Hain Celestial Group to $24.00 in a research report on Thursday, October 13th. Finally, Piper Sandler lowered The Hain Celestial Group from an “overweight” rating to a “neutral” rating and cut their price objective for the company from $23.00 to $17.00 in a research report on Thursday, October 20th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, The Hain Celestial Group currently has a consensus rating of “Hold” and a consensus price target of $29.27.

About The Hain Celestial Group

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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.

See Also

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

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