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

Other institutional investors have also recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. increased its stake in The Hain Celestial Group by 89.0% in the first quarter. Assenagon Asset Management S.A. now owns 567,234 shares of the company's stock valued at $2,354,000 after purchasing an additional 267,161 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in The Hain Celestial Group by 45.6% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 23,592 shares of the company's stock valued at $98,000 after purchasing an additional 7,389 shares during the last quarter. Wellington Management Group LLP acquired a new position in The Hain Celestial Group in the fourth quarter valued at $14,322,000. JPMorgan Chase & Co. increased its stake in The Hain Celestial Group by 53.5% in the fourth quarter. JPMorgan Chase & Co. now owns 491,877 shares of the company's stock valued at $3,025,000 after purchasing an additional 171,420 shares during the last quarter. Finally, Janney Montgomery Scott LLC increased its stake in The Hain Celestial Group by 16.1% in the first quarter. Janney Montgomery Scott LLC now owns 84,143 shares of the company's stock valued at $349,000 after purchasing an additional 11,675 shares during the last quarter. 97.01% of the stock is currently owned by institutional investors and hedge funds.

The Hain Celestial Group Stock Down 1.1%

Shares of NASDAQ HAIN traded down $0.02 on Monday, hitting $1.84. The company had a trading volume of 1,844,000 shares, compared to its average volume of 1,104,749. The Hain Celestial Group, Inc. has a 12-month low of $1.30 and a 12-month high of $9.43. The business has a 50 day moving average of $1.67 and a two-hundred day moving average of $2.59. 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 firm has a market capitalization of $166.06 million, a P/E ratio of -0.64 and a beta of 0.76.

Analysts Set New Price Targets

Several equities analysts recently commented on HAIN shares. Sanford C. Bernstein lowered 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. Stifel Nicolaus dropped their price target on 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 target on The Hain Celestial Group from $3.00 to $2.50 and set a "neutral" rating for the company in a research note on Monday, July 28th. Barclays dropped 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 research note on Monday, May 12th. Finally, CL King restated a "neutral" rating on shares of The Hain Celestial Group in a research note on Thursday, May 8th. One analyst has rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average 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.