First Trust Direct Indexing L.P. Increases Stock Position in The Hain Celestial Group, Inc. (NASDAQ:HAIN)

First Trust Direct Indexing L.P. raised its position in The Hain Celestial Group, Inc. (NASDAQ:HAIN) by 16.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 14,519 shares of the company’s stock after buying an additional 2,061 shares during the period. First Trust Direct Indexing L.P.’s holdings in The Hain Celestial Group were worth $159,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. Handelsbanken Fonder AB increased its stake in shares of The Hain Celestial Group by 101.4% in the 4th quarter. Handelsbanken Fonder AB now owns 23,639 shares of the company’s stock valued at $259,000 after purchasing an additional 11,900 shares in the last quarter. Signaturefd LLC raised its stake in shares of The Hain Celestial Group by 265.2% during the 4th quarter. Signaturefd LLC now owns 4,127 shares of the company’s stock worth $45,000 after buying an additional 2,997 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of The Hain Celestial Group by 31.2% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 24,623 shares of the company’s stock valued at $270,000 after buying an additional 5,850 shares in the last quarter. Louisiana State Employees Retirement System acquired a new stake in The Hain Celestial Group in the 4th quarter valued at $492,000. Finally, Sequoia Financial Advisors LLC increased its holdings in The Hain Celestial Group by 8.0% in the 4th quarter. Sequoia Financial Advisors LLC now owns 14,156 shares of the company’s stock worth $155,000 after acquiring an additional 1,052 shares in the last quarter. Institutional investors and hedge funds own 97.01% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Maxim Group decreased their price objective on shares of The Hain Celestial Group from $25.00 to $18.00 and set a “buy” rating on the stock in a report on Thursday, February 8th. Mizuho cut their price objective on The Hain Celestial Group from $11.00 to $10.00 and set a “neutral” rating for the company in a research note on Wednesday, April 3rd. DA Davidson began coverage on The Hain Celestial Group in a research report on Friday, March 1st. They issued a “neutral” rating and a $10.00 target price on the stock. Barclays dropped their price target on The Hain Celestial Group from $11.00 to $8.00 and set an “equal weight” rating for the company in a research report on Friday, April 12th. Finally, JPMorgan Chase & Co. decreased their price objective on The Hain Celestial Group from $11.00 to $10.00 and set a “neutral” rating on the stock in a report on Thursday, February 8th. Eight equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $12.70.

Insider Transactions at The Hain Celestial Group

In related news, CEO Wendy P. Davidson purchased 5,000 shares of The Hain Celestial Group stock in a transaction dated Tuesday, February 13th. The shares were acquired at an average price of $9.46 per share, for a total transaction of $47,300.00. Following the acquisition, the chief executive officer now directly owns 58,309 shares in the company, valued at $551,603.14. The purchase was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.72% of the company’s stock.

The Hain Celestial Group Stock Down 0.2 %

NASDAQ HAIN opened at $6.65 on Thursday. The Hain Celestial Group, Inc. has a 52 week low of $5.68 and a 52 week high of $16.57. The company has a quick ratio of 1.14, a current ratio of 2.24 and a debt-to-equity ratio of 0.81. The business’s fifty day simple moving average is $7.45 and its 200-day simple moving average is $9.55. The firm has a market cap of $597.38 million, a PE ratio of -3.76 and a beta of 0.74.

The Hain Celestial Group (NASDAQ:HAIN) last posted its quarterly earnings results on Wednesday, February 7th. The company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.11 by $0.01. The Hain Celestial Group had a positive return on equity of 2.48% and a negative net margin of 8.88%. The business had revenue of $454.10 million for the quarter, compared to analyst estimates of $461.31 million. During the same quarter in the previous year, the firm earned $0.20 EPS. The company’s quarterly revenue was up .0% compared to the same quarter last year. As a group, equities analysts anticipate that The Hain Celestial Group, Inc. will post 0.29 earnings per share for the current year.

About The Hain Celestial Group

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.