Bank of New York Mellon Corp Reduces Holdings in The Hain Celestial Group, Inc. (NASDAQ:HAIN)

Bank of New York Mellon Corp trimmed its position in shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN - Free Report) by 50.4% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 316,073 shares of the company's stock after selling 320,614 shares during the quarter. Bank of New York Mellon Corp owned about 0.35% of The Hain Celestial Group worth $1,312,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. American Century Companies Inc. increased its holdings in shares of The Hain Celestial Group by 28.2% in the fourth quarter. American Century Companies Inc. now owns 131,012 shares of the company's stock valued at $806,000 after purchasing an additional 28,852 shares during the period. KLP Kapitalforvaltning AS purchased a new stake in shares of The Hain Celestial Group in the 4th quarter valued at $116,000. JPMorgan Chase & Co. boosted its holdings in shares of The Hain Celestial Group by 53.5% in the 4th quarter. JPMorgan Chase & Co. now owns 491,877 shares of the company's stock valued at $3,025,000 after acquiring an additional 171,420 shares during the last quarter. Clearbridge Investments LLC increased its stake in shares of The Hain Celestial Group by 16.8% in the fourth quarter. Clearbridge Investments LLC now owns 1,283,033 shares of the company's stock worth $7,891,000 after acquiring an additional 184,620 shares during the period. Finally, Wellington Management Group LLP purchased a new position in shares of The Hain Celestial Group during the fourth quarter worth $14,322,000. 97.01% of the stock is currently owned by institutional investors.

Insider Buying and Selling at The Hain Celestial Group

In other The Hain Celestial Group news, Director Neil Campbell bought 25,640 shares of the business's stock in a transaction that occurred on Thursday, May 22nd. The shares were purchased at an average cost of $1.93 per share, with a total value of $49,485.20. Following the purchase, the director directly owned 62,929 shares in the company, valued at approximately $121,452.97. This represents a 68.76% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Celeste A. Clark bought 83,000 shares of The Hain Celestial Group stock in a transaction on Tuesday, May 13th. The shares were acquired at an average price of $1.79 per share, for a total transaction of $148,570.00. Following the completion of the acquisition, the director owned 83,000 shares in the company, valued at $148,570. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought a total of 308,640 shares of company stock valued at $518,055 in the last three months. 0.83% of the stock is owned by corporate insiders.

The Hain Celestial Group Trading Down 1.9%

Shares of NASDAQ:HAIN traded down $0.03 during mid-day trading on Friday, reaching $1.54. 1,083,718 shares of the company were exchanged, compared to its average volume of 1,230,052. The Hain Celestial Group, Inc. has a 1 year low of $1.30 and a 1 year high of $9.43. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.81 and a quick ratio of 0.99. The firm's 50-day simple moving average is $1.69 and its 200 day simple moving average is $2.97. The firm has a market cap of $138.99 million, a price-to-earnings ratio of -0.53 and a beta of 0.76.

The Hain Celestial Group (NASDAQ:HAIN - Get Free Report) last released 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 firm had revenue of $390.35 million for the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.13 earnings per share. Equities research analysts forecast that The Hain Celestial Group, Inc. will post 0.4 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently commented on HAIN shares. CL King restated a "neutral" rating on shares of The Hain Celestial Group in a research note on Thursday, May 8th. Maxim Group lowered 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. Mizuho cut their target price on shares of The Hain Celestial Group from $3.00 to $2.50 and set a "neutral" rating for the company in a report on Monday, July 28th. Piper Sandler lowered their price target on shares of The Hain Celestial Group from $2.00 to $1.80 and set a "neutral" rating on the stock in a report on Tuesday, June 3rd. Finally, Sanford C. Bernstein cut shares of The Hain Celestial Group from an "outperform" rating to a "market perform" rating and set a $1.50 price objective for the company. 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 company. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $3.59.

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.