Bank of New York Mellon Corp Has $1.31 Million Stake in The Hain Celestial Group, Inc. (NASDAQ:HAIN)

Bank of New York Mellon Corp lessened its position in The Hain Celestial Group, Inc. (NASDAQ:HAIN - Free Report) by 50.4% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 316,073 shares of the company's stock after selling 320,614 shares during the period. Bank of New York Mellon Corp owned approximately 0.35% of The Hain Celestial Group worth $1,312,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the company. Sageworth Trust Co increased its holdings in The Hain Celestial Group by 189.7% during the 1st quarter. Sageworth Trust Co now owns 110,334 shares of the company's stock worth $458,000 after purchasing an additional 72,246 shares in the last quarter. Grace & White Inc. NY increased its position in shares of The Hain Celestial Group by 100.0% in the first quarter. Grace & White Inc. NY now owns 28,000 shares of the company's stock valued at $116,000 after acquiring an additional 14,000 shares during the last quarter. Advisor Resource Council bought a new position in The Hain Celestial Group in the first quarter valued at approximately $405,000. Janney Montgomery Scott LLC increased its holdings in The Hain Celestial Group by 16.1% during the first quarter. Janney Montgomery Scott LLC now owns 84,143 shares of the company's stock worth $349,000 after buying an additional 11,675 shares during the last quarter. Finally, Byrne Asset Management LLC increased its stake in shares of The Hain Celestial Group by 240.0% during the 1st quarter. Byrne Asset Management LLC now owns 13,599 shares of the company's stock worth $56,000 after purchasing an additional 9,599 shares during the last quarter. Institutional investors own 97.01% of the company's stock.

Insider Buying and Selling

In other news, Director Dawn M. Zier bought 200,000 shares of the company's stock in a transaction dated Friday, May 9th. The stock was bought at an average cost of $1.60 per share, for a total transaction of $320,000.00. Following the transaction, the director owned 288,229 shares of the company's stock, valued at $461,166.40. This represents a 226.68% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Celeste A. Clark purchased 83,000 shares of the business's stock in a transaction dated Tuesday, May 13th. The shares were purchased at an average cost of $1.79 per share, with a total value of $148,570.00. Following the acquisition, the director owned 83,000 shares in the company, valued at $148,570. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 308,640 shares of company stock worth $518,055. Company insiders own 0.83% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Stifel Nicolaus cut their target price on shares of The Hain Celestial Group from $4.00 to $1.50 and set a "hold" rating for the company in a research note on Thursday, May 8th. Mizuho dropped their price objective on The Hain Celestial Group from $3.00 to $2.50 and set a "neutral" rating on the stock in a research note on Monday. Sanford C. Bernstein downgraded The Hain Celestial Group from an "outperform" rating to a "market perform" rating and set a $1.50 target price for the company. in a research note on Thursday, May 8th. Piper Sandler dropped their price target on The Hain Celestial Group from $2.00 to $1.80 and set a "neutral" rating on the stock in a research note on Tuesday, June 3rd. Finally, Barclays cut 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. Nine research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $3.59.

The Hain Celestial Group Stock Performance

Shares of NASDAQ:HAIN traded down $0.03 on Friday, reaching $1.54. 1,083,718 shares of the company's stock were exchanged, compared to its average volume of 2,222,341. The Hain Celestial Group, Inc. has a twelve month low of $1.30 and a twelve month high of $9.43. The company has a fifty day moving average of $1.70 and a 200-day moving average of $3.00. The company has a market capitalization of $138.99 million, a price-to-earnings ratio of -0.53 and a beta of 0.78. The company has a current ratio of 1.81, a quick ratio of 0.99 and a debt-to-equity ratio of 1.01.

The Hain Celestial Group (NASDAQ:HAIN - Get Free Report) last issued its quarterly earnings results 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 company had revenue of $390.35 million for the quarter, compared to analyst estimates of $414.45 million. The Hain Celestial Group had a positive return on equity of 2.47% and a negative net margin of 16.17%. The company's quarterly revenue was down 10.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.13 EPS. On average, research analysts predict that The Hain Celestial Group, Inc. will post 0.4 EPS for the current fiscal 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.