AYAL Capital Advisors Ltd acquired a new stake in shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 253,838 shares of the company's stock, valued at approximately $1,561,000. AYAL Capital Advisors Ltd owned about 0.28% of The Hain Celestial Group as of its most recent SEC filing.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wealthfront Advisers LLC purchased a new position in The Hain Celestial Group during the fourth quarter worth $370,371,000. Invesco Ltd. grew its holdings in The Hain Celestial Group by 272.4% during the 4th quarter. Invesco Ltd. now owns 5,870,075 shares of the company's stock valued at $36,101,000 after purchasing an additional 4,293,945 shares during the last quarter. Wellington Management Group LLP bought a new stake in The Hain Celestial Group in the fourth quarter worth about $14,322,000. Madison Investment Advisors LLC purchased a new position in shares of The Hain Celestial Group during the fourth quarter valued at approximately $3,583,000. Finally, Barrow Hanley Mewhinney & Strauss LLC grew its stake in shares of The Hain Celestial Group by 9.8% during the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 6,223,817 shares of the company's stock valued at $38,276,000 after buying an additional 555,195 shares during the last quarter. Hedge funds and other institutional investors own 97.01% of the company's stock.
Analyst Upgrades and Downgrades
A number of analysts have weighed in on HAIN shares. CL King reiterated a "neutral" rating on shares of The Hain Celestial Group in a research note on Thursday. Piper Sandler decreased their price objective on shares of The Hain Celestial Group from $8.00 to $7.00 and set a "neutral" rating for the company in a report on Thursday, January 16th. JPMorgan Chase & Co. decreased their price target on shares of The Hain Celestial Group from $6.00 to $5.00 and set a "neutral" rating for the company in a research note on Friday, March 14th. Sanford C. Bernstein cut The Hain Celestial Group from an "outperform" rating to a "market perform" rating and set a $1.50 price objective on the stock. in a research note on Thursday. Finally, Barclays reduced their price objective on The Hain Celestial Group from $5.00 to $4.00 and set an "equal weight" rating on the stock in a report on Monday, April 14th. Nine analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, The Hain Celestial Group has an average rating of "Hold" and a consensus target price of $5.17.
Read Our Latest Analysis on The Hain Celestial Group
The Hain Celestial Group Stock Performance
The Hain Celestial Group stock traded up $0.03 during trading hours on Thursday, hitting $1.48. 5,590,313 shares of the stock traded hands, compared to its average volume of 1,646,574. The Hain Celestial Group, Inc. has a 1 year low of $1.30 and a 1 year high of $9.43. The stock has a market capitalization of $133.57 million, a price-to-earnings ratio of -0.76 and a beta of 1.05. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.90 and a quick ratio of 1.00. The firm's 50 day moving average price is $3.51 and its 200-day moving average price is $5.42.
The Hain Celestial Group (NASDAQ:HAIN - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.05). The business had revenue of $390.35 million during the quarter, compared to analysts' expectations of $414.45 million. The Hain Celestial Group had a negative net margin of 10.51% and a positive return on equity of 2.88%. The firm's revenue was down 10.9% on a year-over-year basis. During the same period last year, the company earned $0.13 earnings per share. As a group, equities analysts expect that The Hain Celestial Group, Inc. will post 0.4 EPS for the current fiscal year.
The Hain Celestial Group Company Profile
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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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