Bank of America Corp DE Decreases Stock Holdings in The Hain Celestial Group, Inc. (NASDAQ:HAIN)

Bank of America Corp DE lessened its holdings in The Hain Celestial Group, Inc. (NASDAQ:HAIN - Free Report) by 41.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 277,742 shares of the company's stock after selling 192,817 shares during the quarter. Bank of America Corp DE owned 0.31% of The Hain Celestial Group worth $1,708,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently modified their holdings of the stock. AYAL Capital Advisors Ltd purchased a new stake in The Hain Celestial Group during the 4th quarter valued at $1,561,000. Jane Street Group LLC boosted its holdings in shares of The Hain Celestial Group by 66.2% during the fourth quarter. Jane Street Group LLC now owns 290,009 shares of the company's stock worth $1,784,000 after purchasing an additional 115,559 shares during the period. Comerica Bank grew its stake in shares of The Hain Celestial Group by 77.9% in the fourth quarter. Comerica Bank now owns 62,299 shares of the company's stock worth $383,000 after purchasing an additional 27,287 shares during the last quarter. Northern Trust Corp grew its stake in shares of The Hain Celestial Group by 8.7% in the fourth quarter. Northern Trust Corp now owns 972,548 shares of the company's stock worth $5,981,000 after purchasing an additional 77,919 shares during the last quarter. Finally, Two Sigma Securities LLC purchased a new position in The Hain Celestial Group during the 4th quarter valued at about $118,000. Hedge funds and other institutional investors own 97.01% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on HAIN shares. Maxim Group cut their price objective on 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. JPMorgan Chase & Co. cut their price objective on shares of The Hain Celestial Group from $6.00 to $5.00 and set a "neutral" rating on the stock in a report on Friday, March 14th. Barclays reduced 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 report on Monday, May 12th. Evercore ISI lowered their price objective 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. Finally, Stifel Nicolaus dropped 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 report 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 stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $3.64.

Insiders Place Their Bets

In related news, Director Dawn M. Zier purchased 200,000 shares of The Hain Celestial Group stock in a transaction on Friday, May 9th. The shares were bought at an average cost of $1.60 per share, for a total transaction of $320,000.00. Following the acquisition, the director now owns 288,229 shares in the company, valued at approximately $461,166.40. The trade was a 226.68% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Neil Campbell bought 25,640 shares of the firm's stock in a transaction that occurred on Thursday, May 22nd. The stock was purchased at an average price of $1.93 per share, for a total transaction of $49,485.20. Following the completion of the transaction, the director now directly owns 62,929 shares of the company's stock, valued at $121,452.97. This represents a 68.76% increase in their position. The disclosure for this purchase can be found here. Insiders bought a total of 308,640 shares of company stock worth $518,055 over the last three months. 0.83% of the stock is currently owned by company insiders.

The Hain Celestial Group Stock Performance

NASDAQ HAIN traded up $0.09 on Friday, hitting $1.77. 1,268,205 shares of the company traded hands, compared to its average volume of 1,754,645. The company has a current ratio of 1.90, a quick ratio of 1.00 and a debt-to-equity ratio of 0.90. The business's 50 day moving average price is $2.60 and its 200-day moving average price is $4.51. The company has a market capitalization of $159.75 million, a price-to-earnings ratio of -0.91 and a beta of 1.05. The Hain Celestial Group, Inc. has a 52-week low of $1.30 and a 52-week high of $9.43.

The Hain Celestial Group (NASDAQ:HAIN - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $390.35 million for 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 quarterly revenue was down 10.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.13 earnings per share. Equities analysts expect 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.