Bridgeway Capital Management LLC Takes Position in The Hain Celestial Group, Inc. (NASDAQ:HAIN)

Bridgeway Capital Management LLC purchased a new stake in The Hain Celestial Group, Inc. (NASDAQ:HAIN - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 236,000 shares of the company's stock, valued at approximately $1,451,000. Bridgeway Capital Management LLC owned 0.26% of The Hain Celestial Group at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Van ECK Associates Corp grew its holdings in The Hain Celestial Group by 49.0% in the 4th quarter. Van ECK Associates Corp now owns 10,805 shares of the company's stock valued at $66,000 after buying an additional 3,554 shares in the last quarter. Virtu Financial LLC acquired a new position in The Hain Celestial Group during the 4th quarter worth about $73,000. Grace & White Inc. NY purchased a new stake in shares of The Hain Celestial Group during the fourth quarter worth $86,000. Polymer Capital Management US LLC purchased a new stake in The Hain Celestial Group during the 4th quarter worth about $90,000. Finally, Union Bancaire Privee UBP SA purchased a new stake in The Hain Celestial Group during the 4th quarter worth about $97,000. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Maxim Group dropped their target price on shares of The Hain Celestial Group from $10.00 to $5.00 and set a "buy" rating on the stock in a research report on Thursday, May 8th. Piper Sandler reduced their price target on 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. Mizuho dropped their price target on The Hain Celestial Group from $7.00 to $4.50 and set a "neutral" rating for the company in a research report on Tuesday, February 11th. Stifel Nicolaus cut their price target on shares of The Hain Celestial Group from $4.00 to $1.50 and set a "hold" rating on the stock in a research note on Thursday, May 8th. Finally, 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, May 8th. Nine research analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $4.39.

The Hain Celestial Group Stock Performance

HAIN stock traded down $0.09 on Wednesday, reaching $1.65. The company's stock had a trading volume of 2,883,034 shares, compared to its average volume of 1,699,944. The Hain Celestial Group, Inc. has a 52 week low of $1.30 and a 52 week high of $9.43. The company has a market capitalization of $148.92 million, a P/E ratio of -0.85 and a beta of 1.05. The firm has a fifty day moving average of $3.29 and a two-hundred day moving average of $5.18. 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 Hain Celestial Group (NASDAQ:HAIN - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.07 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.12 by ($0.05). The Hain Celestial Group had a positive return on equity of 2.88% and a negative net margin of 10.51%. The business had revenue of $390.35 million during the quarter, compared to the consensus estimate of $414.45 million. During the same period last year, the company earned $0.13 earnings per share. The business's quarterly revenue was down 10.9% compared to the same quarter last year. As a group, analysts predict that The Hain Celestial Group, Inc. will post 0.4 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Dawn M. Zier purchased 200,000 shares of the firm's stock in a transaction on Friday, May 9th. The stock was purchased at an average cost of $1.60 per share, with a total value of $320,000.00. Following the purchase, the director now owns 288,229 shares in the company, valued at $461,166.40. This trade represents a 226.68% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.83% of the company's stock.

The Hain Celestial Group Profile

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.