Dimensional Fund Advisors LP Acquires 412,658 Shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN)

Dimensional Fund Advisors LP raised its stake in shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN - Free Report) by 24.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,067,866 shares of the company's stock after acquiring an additional 412,658 shares during the period. Dimensional Fund Advisors LP owned approximately 2.29% of The Hain Celestial Group worth $12,717,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of HAIN. Wealthfront Advisers LLC acquired a new position in The Hain Celestial Group during the fourth quarter worth $370,371,000. Barrow Hanley Mewhinney & Strauss LLC raised its holdings in 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 worth $38,276,000 after purchasing an additional 555,195 shares during the last quarter. Invesco Ltd. boosted its position in The Hain Celestial Group by 272.4% during the fourth quarter. Invesco Ltd. now owns 5,870,075 shares of the company's stock worth $36,101,000 after purchasing an additional 4,293,945 shares in the last quarter. Wellington Management Group LLP purchased a new position in shares of The Hain Celestial Group in the fourth quarter valued at $14,322,000. Finally, Geode Capital Management LLC boosted its position in shares of The Hain Celestial Group by 0.7% in the 4th quarter. Geode Capital Management LLC now owns 2,243,999 shares of the company's stock worth $13,803,000 after buying an additional 14,818 shares in the last quarter. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other The Hain Celestial Group news, Director Dawn M. Zier purchased 200,000 shares of the company's stock in a transaction dated Friday, May 9th. The shares were bought at an average price of $1.60 per share, with a total value of $320,000.00. Following the completion of the transaction, the director now directly owns 288,229 shares in the company, valued at $461,166.40. This trade represents a 226.68% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.83% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Barclays dropped their price target on The Hain Celestial Group from $4.00 to $2.00 and set an "equal weight" rating for the company in a research report on Monday. Maxim Group cut their price target on The Hain Celestial Group from $10.00 to $5.00 and set a "buy" rating for the company in a report on Thursday. Mizuho cut their price objective on shares of The Hain Celestial Group from $7.00 to $4.50 and set a "neutral" rating on the stock in a report on Tuesday, February 11th. CL King reissued a "neutral" rating on shares of The Hain Celestial Group in a research report on Thursday. Finally, JPMorgan Chase & Co. dropped their price objective on shares of The Hain Celestial Group from $6.00 to $5.00 and set a "neutral" rating for the company in a research report on Friday, March 14th. Nine equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $4.39.

The Hain Celestial Group Stock Up 12.0%

Shares of HAIN stock traded up $0.19 on Monday, hitting $1.77. The company's stock had a trading volume of 4,620,534 shares, compared to its average volume of 1,684,838. The stock has a market capitalization of $159.75 million, a price-to-earnings ratio of -0.91 and a beta of 1.05. The firm's fifty day moving average price is $3.39 and its 200-day moving average price is $5.23. The Hain Celestial Group, Inc. has a fifty-two week low of $1.30 and a fifty-two week high of $9.43. 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 released its earnings results on Wednesday, May 7th. The company reported $0.07 earnings per share 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 firm had revenue of $390.35 million for the quarter, compared to analyst estimates of $414.45 million. During the same period last year, the business earned $0.13 earnings per share. The firm's quarterly revenue was down 10.9% compared to the same quarter last year. Research analysts anticipate that The Hain Celestial Group, Inc. will post 0.4 EPS 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.