Principal Financial Group Inc. Sells 26,091 Shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN)

Principal Financial Group Inc. lowered its position in shares of The Hain Celestial Group, Inc. (NASDAQ:HAINFree Report) by 5.1% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 481,869 shares of the company’s stock after selling 26,091 shares during the quarter. Principal Financial Group Inc.’s holdings in The Hain Celestial Group were worth $4,997,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. ProShare Advisors LLC increased its position in shares of The Hain Celestial Group by 7.6% during the 2nd quarter. ProShare Advisors LLC now owns 13,971 shares of the company’s stock worth $175,000 after purchasing an additional 986 shares in the last quarter. Portside Wealth Group LLC acquired a new stake in shares of The Hain Celestial Group during the 2nd quarter worth about $180,000. Numerai GP LLC acquired a new stake in shares of The Hain Celestial Group during the 2nd quarter worth about $273,000. Barclays PLC increased its position in shares of The Hain Celestial Group by 6.7% during the 2nd quarter. Barclays PLC now owns 63,585 shares of the company’s stock worth $795,000 after purchasing an additional 4,013 shares in the last quarter. Finally, Inspire Investing LLC increased its position in shares of The Hain Celestial Group by 17.3% during the 3rd quarter. Inspire Investing LLC now owns 29,366 shares of the company’s stock worth $305,000 after purchasing an additional 4,327 shares in the last quarter. Institutional investors and hedge funds own 89.11% of the company’s stock.

The Hain Celestial Group Stock Up 3.4 %

Shares of NASDAQ:HAIN opened at $11.34 on Wednesday. The Hain Celestial Group, Inc. has a one year low of $9.36 and a one year high of $21.34. The company has a 50 day moving average of $10.78 and a 200-day moving average of $10.94. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.29 and a quick ratio of 1.02. The stock has a market cap of $1.02 billion, a price-to-earnings ratio of -7.56 and a beta of 0.74.

The Hain Celestial Group (NASDAQ:HAINGet Free Report) last issued its quarterly earnings results on Tuesday, November 7th. The company reported ($0.04) EPS for the quarter, topping the consensus estimate of ($0.06) by $0.02. The Hain Celestial Group had a negative net margin of 7.51% and a positive return on equity of 3.13%. The company had revenue of $425.00 million during the quarter, compared to analysts’ expectations of $431.68 million. During the same quarter in the previous year, the company earned $0.10 EPS. The Hain Celestial Group’s revenue was down 3.3% on a year-over-year basis. On average, sell-side analysts forecast that The Hain Celestial Group, Inc. will post 0.38 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Carlyn R. Taylor acquired 18,175 shares of The Hain Celestial Group stock in a transaction that occurred on Monday, November 13th. The shares were acquired at an average price of $11.00 per share, with a total value of $199,925.00. Following the purchase, the director now directly owns 53,957 shares of the company’s stock, valued at $593,527. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, Director Carlyn R. Taylor acquired 18,175 shares of The Hain Celestial Group stock in a transaction that occurred on Monday, November 13th. The shares were acquired at an average price of $11.00 per share, with a total value of $199,925.00. Following the purchase, the director now directly owns 53,957 shares of the company’s stock, valued at $593,527. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Wendy P. Davidson acquired 15,000 shares of The Hain Celestial Group stock in a transaction that occurred on Thursday, November 9th. The shares were purchased at an average cost of $10.92 per share, for a total transaction of $163,800.00. Following the purchase, the chief executive officer now directly owns 31,636 shares in the company, valued at $345,465.12. The disclosure for this purchase can be found here. 0.72% of the stock is owned by insiders.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of The Hain Celestial Group from a “sell” rating to a “hold” rating in a research report on Thursday, November 2nd. Seven equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, The Hain Celestial Group presently has an average rating of “Hold” and an average target price of $15.33.

View Our Latest Stock Report on HAIN

About The Hain Celestial Group

(Free Report)

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

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

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