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

Bridgeway Capital Management LLC bought a new stake in shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 236,000 shares of the company's stock, valued at approximately $1,451,000. Bridgeway Capital Management LLC owned approximately 0.26% of The Hain Celestial Group at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of HAIN. Barclays PLC lifted its holdings in shares of The Hain Celestial Group by 124.6% during the third quarter. Barclays PLC now owns 182,609 shares of the company's stock worth $1,576,000 after buying an additional 101,290 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in The Hain Celestial Group by 68.7% in the third quarter. JPMorgan Chase & Co. now owns 320,457 shares of the company's stock valued at $2,766,000 after acquiring an additional 130,477 shares during the last quarter. First Hawaiian Bank boosted its holdings in The Hain Celestial Group by 15.0% during the fourth quarter. First Hawaiian Bank now owns 65,504 shares of the company's stock worth $403,000 after buying an additional 8,546 shares during the last quarter. Inspire Investing LLC boosted its holdings in The Hain Celestial Group by 38.1% during the fourth quarter. Inspire Investing LLC now owns 65,271 shares of the company's stock worth $401,000 after buying an additional 18,019 shares during the last quarter. Finally, Union Bancaire Privee UBP SA bought a new position in The Hain Celestial Group during the fourth quarter worth about $97,000. Hedge funds and other institutional investors own 97.01% of the company's stock.

Insiders Place Their Bets

In related news, Director Celeste A. Clark purchased 83,000 shares of The Hain Celestial Group stock in a transaction on Tuesday, May 13th. The shares were purchased at an average price of $1.79 per share, for a total transaction of $148,570.00. Following the transaction, the director now owns 83,000 shares of the company's stock, valued at approximately $148,570. This represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Dawn M. Zier purchased 200,000 shares of The Hain Celestial Group stock in a transaction on Friday, May 9th. The stock was bought at an average price of $1.60 per share, for a total transaction of $320,000.00. Following the transaction, the director now directly owns 288,229 shares in the company, valued at approximately $461,166.40. The trade was a 226.68% increase in their position. The disclosure for this purchase can be found here. Insiders bought a total of 286,200 shares of company stock valued at $481,498 in the last 90 days. Corporate insiders own 0.83% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. JPMorgan Chase & Co. dropped their price target on The Hain Celestial Group from $6.00 to $5.00 and set a "neutral" rating on the stock in a research report on Friday, March 14th. Stifel Nicolaus dropped their target price on The Hain Celestial Group from $4.00 to $1.50 and set a "hold" rating on the stock in a research report on Thursday, May 8th. Evercore ISI dropped their target price on The Hain Celestial Group from $6.00 to $5.00 and set an "in-line" rating on the stock in a research report on Wednesday, April 23rd. Piper Sandler lowered their price target on The Hain Celestial Group from $8.00 to $7.00 and set a "neutral" rating on the stock in a research report on Thursday, January 16th. Finally, CL King reiterated a "neutral" rating on shares of The Hain Celestial Group in a research note on Thursday, May 8th. Nine equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $4.39.

The Hain Celestial Group Price Performance

Shares of NASDAQ:HAIN traded up $0.20 during trading on Friday, reaching $2.00. 2,274,110 shares of the company traded hands, compared to its average volume of 1,711,086. The company has a quick ratio of 1.00, a current ratio of 1.90 and a debt-to-equity ratio of 0.90. The Hain Celestial Group, Inc. has a 52 week low of $1.30 and a 52 week high of $9.43. The firm has a market capitalization of $180.05 million, a PE ratio of -1.03 and a beta of 1.05. The company's 50 day moving average is $3.23 and its two-hundred day moving average is $5.13.

The Hain Celestial Group (NASDAQ:HAIN - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $0.07 earnings per share for the quarter, missing the consensus estimate 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 for the quarter, compared to the consensus estimate of $414.45 million. During the same quarter in the prior year, the company earned $0.13 earnings per share. The Hain Celestial Group's quarterly revenue was down 10.9% compared to the same quarter last year. As a group, sell-side analysts predict that The Hain Celestial Group, Inc. will post 0.4 earnings per share for the current year.

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.