Russell Investments Group Ltd. Raises Stock Holdings in The Hain Celestial Group, Inc. (NASDAQ:HAIN)

Russell Investments Group Ltd. boosted its holdings in shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN – Get Rating) by 15.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 108,144 shares of the company’s stock after buying an additional 14,370 shares during the period. Russell Investments Group Ltd. owned approximately 0.12% of The Hain Celestial Group worth $1,750,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Renaissance Technologies LLC lifted its position in shares of The Hain Celestial Group by 153.8% in the third quarter. Renaissance Technologies LLC now owns 1,050,022 shares of the company’s stock valued at $17,724,000 after acquiring an additional 636,300 shares in the last quarter. Guggenheim Capital LLC raised its stake in shares of The Hain Celestial Group by 34.2% during the 3rd quarter. Guggenheim Capital LLC now owns 29,643 shares of the company’s stock worth $500,000 after buying an additional 7,550 shares in the last quarter. Barclays PLC increased its stake in The Hain Celestial Group by 54.0% in the 3rd quarter. Barclays PLC now owns 100,196 shares of the company’s stock valued at $1,692,000 after purchasing an additional 35,115 shares in the last quarter. Ensign Peak Advisors Inc increased its stake in The Hain Celestial Group by 13.0% in the 3rd quarter. Ensign Peak Advisors Inc now owns 47,923 shares of the company’s stock valued at $809,000 after purchasing an additional 5,527 shares in the last quarter. Finally, Quadrature Capital Ltd grew its holdings in The Hain Celestial Group by 780.5% during the 3rd quarter. Quadrature Capital Ltd now owns 102,574 shares of the company’s stock valued at $1,728,000 after buying an additional 90,924 shares during the last quarter. 95.49% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

HAIN has been the topic of several research reports. Piper Sandler raised The Hain Celestial Group from an “underweight” rating to a “neutral” rating and cut their price objective for the company from $17.00 to $16.00 in a research report on Tuesday, May 9th. Sanford C. Bernstein cut their price objective on The Hain Celestial Group from $30.00 to $23.00 in a report on Wednesday, May 10th. Stifel Nicolaus reduced their target price on shares of The Hain Celestial Group from $20.00 to $17.00 in a research note on Wednesday, May 10th. TheStreet lowered shares of The Hain Celestial Group from a “c” rating to a “d+” rating in a report on Tuesday, May 9th. Finally, Barclays cut their price objective on shares of The Hain Celestial Group from $19.00 to $17.00 in a research report on Thursday, May 11th. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $24.00.

The Hain Celestial Group Stock Up 2.2 %

HAIN opened at $13.61 on Tuesday. The company has a market capitalization of $1.22 billion, a PE ratio of -12.84 and a beta of 0.89. The firm has a 50-day simple moving average of $16.58 and a two-hundred day simple moving average of $17.80. The company has a quick ratio of 1.13, a current ratio of 2.40 and a debt-to-equity ratio of 0.84. The Hain Celestial Group, Inc. has a 52 week low of $13.05 and a 52 week high of $26.78.

The Hain Celestial Group (NASDAQ:HAIN – Get Rating) last posted its quarterly earnings data on Tuesday, May 9th. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.08). The firm had revenue of $455.24 million for the quarter, compared to the consensus estimate of $485.34 million. The Hain Celestial Group had a positive return on equity of 4.00% and a negative net margin of 5.25%. The company’s revenue was down 9.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.33 EPS. Analysts forecast that The Hain Celestial Group, Inc. will post 0.54 earnings per share for the current fiscal year.

About The Hain Celestial Group

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The Hain Celestial Group, Inc engages in the production and distribution of organic and natural products. It operates through North America and International geographical segments. The North America segment consists of the United States and Canada. The International segment includes the United Kingdom, Ella’s Kitchen UK, and Europe.