Expect Equity LLC Takes $1.06 Million Position in The Hain Celestial Group, Inc. (NASDAQ:HAIN)

Expect Equity LLC purchased a new stake in The Hain Celestial Group, Inc. (NASDAQ:HAIN - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 172,434 shares of the company's stock, valued at approximately $1,060,000. Expect Equity LLC owned approximately 0.19% of The Hain Celestial Group at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of HAIN. Wealthfront Advisers LLC purchased a new position in shares of The Hain Celestial Group in the 4th quarter valued at about $370,371,000. Invesco Ltd. increased its holdings in shares of The Hain Celestial Group by 272.4% in the 4th quarter. Invesco Ltd. now owns 5,870,075 shares of the company's stock valued at $36,101,000 after acquiring an additional 4,293,945 shares during the last quarter. Wellington Management Group LLP purchased a new position in shares of The Hain Celestial Group in the 4th quarter valued at about $14,322,000. Frontier Capital Management Co. LLC increased its holdings in shares of The Hain Celestial Group by 512.0% in the 4th quarter. Frontier Capital Management Co. LLC now owns 2,520,722 shares of the company's stock valued at $15,502,000 after acquiring an additional 2,108,845 shares during the last quarter. Finally, Madison Investment Advisors LLC purchased a new position in shares of The Hain Celestial Group in the 4th quarter valued at about $3,583,000. Institutional investors and hedge funds own 97.01% of the company's stock.

The Hain Celestial Group Stock Performance

The Hain Celestial Group stock traded up $0.05 during mid-day trading on Friday, reaching $1.59. 4,456,263 shares of the company were exchanged, compared to its average volume of 1,673,046. The Hain Celestial Group, Inc. has a twelve month low of $1.30 and a twelve month high of $9.43. The firm's 50-day simple moving average is $3.43 and its two-hundred day simple moving average is $5.28. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.00 and a current ratio of 1.90. The firm has a market cap of $143.04 million, a PE ratio of -0.82 and a beta of 1.05.

The Hain Celestial Group (NASDAQ:HAIN - Get Free Report) last posted its quarterly earnings results 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 analyst estimates 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 quarterly revenue was down 10.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.13 earnings per share. Equities analysts predict that The Hain Celestial Group, Inc. will post 0.4 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently issued reports on HAIN. Piper Sandler dropped 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 note on Thursday, January 16th. Stifel Nicolaus dropped their price target on The Hain Celestial Group from $4.00 to $1.50 and set a "hold" rating on the stock in a research note on Thursday. Mizuho dropped their price target on The Hain Celestial Group from $7.00 to $4.50 and set a "neutral" rating on the stock in a research note on Tuesday, February 11th. Maxim Group dropped their price target on The Hain Celestial Group from $10.00 to $5.00 and set a "buy" rating on the stock in a research note on Thursday. Finally, CL King restated a "neutral" rating on shares of The Hain Celestial Group in a research note on Thursday. Nine investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, The Hain Celestial Group presently has an average rating of "Hold" and a consensus price target of $4.61.

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.