BNP Paribas Financial Markets Reduces Stock Holdings in The Hain Celestial Group, Inc. (NASDAQ:HAIN)

BNP Paribas Financial Markets decreased its stake in shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN - Free Report) by 84.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 26,086 shares of the company's stock after selling 144,174 shares during the period. BNP Paribas Financial Markets' holdings in The Hain Celestial Group were worth $160,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of HAIN. Wealthfront Advisers LLC bought a new position in shares of The Hain Celestial Group in the fourth quarter worth approximately $370,371,000. Barrow Hanley Mewhinney & Strauss LLC lifted its position 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 valued at $38,276,000 after purchasing an additional 555,195 shares during the period. Invesco Ltd. lifted 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 valued at $36,101,000 after purchasing an additional 4,293,945 shares during the period. Wellington Management Group LLP bought a new position in The Hain Celestial Group during the fourth quarter valued at approximately $14,322,000. Finally, Geode Capital Management LLC lifted its position in The Hain Celestial Group by 0.7% during the fourth quarter. Geode Capital Management LLC now owns 2,243,999 shares of the company's stock valued at $13,803,000 after purchasing an additional 14,818 shares during the period. Institutional investors own 97.01% of the company's stock.

The Hain Celestial Group Price Performance

Shares of NASDAQ:HAIN traded up $0.02 on Tuesday, reaching $1.82. The company's stock had a trading volume of 779,927 shares, compared to its average volume of 1,747,949. The Hain Celestial Group, Inc. has a 52-week low of $1.30 and a 52-week high of $9.43. The company has a market cap of $164.49 million, a P/E ratio of -0.94 and a beta of 1.05. The company has a 50-day simple moving average of $2.74 and a 200 day simple moving average of $4.58. 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 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 the consensus estimate 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 company's revenue for the quarter was down 10.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.13 EPS. As a group, equities research analysts anticipate that The Hain Celestial Group, Inc. will post 0.4 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have commented on HAIN shares. Stifel Nicolaus reduced 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 report on Thursday, May 8th. Barclays reduced their target price on shares of 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. CL King reaffirmed a "neutral" rating on shares of The Hain Celestial Group in a report on Thursday, May 8th. JPMorgan Chase & Co. reduced their target price on shares of The Hain Celestial Group from $6.00 to $5.00 and set a "neutral" rating for the company in a report on Friday, March 14th. Finally, Evercore ISI reduced their target price on shares of The Hain Celestial Group from $6.00 to $5.00 and set an "in-line" rating for the company in a report on Wednesday, April 23rd. 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, the stock currently has a consensus rating of "Hold" and an average target price of $3.64.

Insider Buying and Selling

In other news, Director Dawn M. Zier purchased 200,000 shares of the stock in a transaction that occurred on Friday, May 9th. The shares were purchased at an average cost of $1.60 per share, with a total value of $320,000.00. Following the completion of the acquisition, the director now owns 288,229 shares of the company's stock, valued at approximately $461,166.40. This represents a 226.68% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Celeste A. Clark acquired 83,000 shares of The Hain Celestial Group stock in a transaction on Tuesday, May 13th. The shares were bought at an average price of $1.79 per share, with a total value of $148,570.00. Following the completion of the transaction, the director now directly owns 83,000 shares of the company's stock, valued at $148,570. This trade represents a ∞ 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 in the last 90 days. 0.83% of the stock is owned by corporate insiders.

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.