Deutsche Bank AG Acquires 532,864 Shares of The Hain Celestial Group, Inc. $HAIN

Key Points

• Deutsche Bank AG increased its position in The Hain Celestial Group by 634.0%, purchasing an additional 532,864 shares and owning a total of 616,908 shares, valued at $2.56 million.
• Several other institutional investors also boosted their stakes, including Wellington Management Group, which invested $14.32 million in the fourth quarter.
• The Hain Celestial Group's stock is currently trading down 1.1% with analysts giving an average “Hold” rating and target price of $3.59.

Deutsche Bank AG increased its holdings in shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN - Free Report) by 634.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 616,908 shares of the company's stock after buying an additional 532,864 shares during the quarter. Deutsche Bank AG owned 0.68% of The Hain Celestial Group worth $2,560,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Signaturefd LLC raised its stake in The Hain Celestial Group by 174.5% during the 1st quarter. Signaturefd LLC now owns 6,858 shares of the company's stock worth $28,000 after buying an additional 4,360 shares during the period. Wedmont Private Capital acquired a new stake in shares of The Hain Celestial Group in the 1st quarter valued at about $52,000. Byrne Asset Management LLC raised its stake in shares of The Hain Celestial Group by 240.0% in the 1st quarter. Byrne Asset Management LLC now owns 13,599 shares of the company's stock valued at $56,000 after purchasing an additional 9,599 shares during the period. CWM LLC raised its stake in shares of The Hain Celestial Group by 106.8% in the 1st quarter. CWM LLC now owns 15,493 shares of the company's stock valued at $64,000 after purchasing an additional 8,000 shares during the period. Finally, Cerity Partners LLC raised its stake in shares of The Hain Celestial Group by 50.8% in the 1st quarter. Cerity Partners LLC now owns 16,708 shares of the company's stock valued at $69,000 after purchasing an additional 5,625 shares during the period. Institutional investors and hedge funds own 97.01% of the company's stock.

The Hain Celestial Group Stock Up 9.4%

Shares of NASDAQ:HAIN traded up $0.16 during midday trading on Friday, reaching $1.86. The company had a trading volume of 992,425 shares, compared to its average volume of 1,106,840. The company has a quick ratio of 0.99, a current ratio of 1.81 and a debt-to-equity ratio of 1.01. The business's 50 day moving average price is $1.67 and its 200 day moving average price is $2.63. The stock has a market cap of $167.87 million, a PE ratio of -0.64 and a beta of 0.76. The Hain Celestial Group, Inc. has a 1-year low of $1.30 and a 1-year high of $9.43.

Analysts Set New Price Targets

Several analysts have issued reports on HAIN shares. 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. 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, May 8th. Mizuho dropped their price target 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, July 28th. Sanford C. Bernstein downgraded The Hain Celestial Group from an "outperform" rating to a "market perform" rating and set a $1.50 price target on the stock. in a research note on Thursday, May 8th. Finally, Zacks Research raised The Hain Celestial Group from a "strong sell" rating to a "hold" rating in a research note on Tuesday, August 19th. One equities research analyst has rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat, The Hain Celestial Group currently has a consensus rating of "Hold" and a consensus target price of $3.59.

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.