Federated Hermes Inc. Purchases 185,745 Shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN)

Federated Hermes Inc. increased its stake in shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN - Free Report) by 21.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,059,302 shares of the company's stock after purchasing an additional 185,745 shares during the quarter. Federated Hermes Inc. owned approximately 1.17% of The Hain Celestial Group worth $4,396,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of the company. Signaturefd LLC grew its position in The Hain Celestial Group by 174.5% during the first quarter. Signaturefd LLC now owns 6,858 shares of the company's stock valued at $28,000 after acquiring an additional 4,360 shares during the period. Wedmont Private Capital purchased a new stake in The Hain Celestial Group during the 1st quarter worth $52,000. Byrne Asset Management LLC boosted its holdings in The Hain Celestial Group by 240.0% in the first 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 last quarter. CWM LLC grew its position in shares of The Hain Celestial Group by 106.8% during the first quarter. CWM LLC now owns 15,493 shares of the company's stock worth $64,000 after buying an additional 8,000 shares in the last quarter. Finally, Cerity Partners LLC raised its stake in The Hain Celestial Group by 50.8% during the first quarter. Cerity Partners LLC now owns 16,708 shares of the company's stock valued at $69,000 after buying an additional 5,625 shares in the last quarter. Institutional investors and hedge funds own 97.01% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on HAIN shares. Stifel Nicolaus dropped their price objective on shares of The Hain Celestial Group from $4.00 to $1.50 and set a "hold" rating on the stock in a report on Thursday, May 8th. Sanford C. Bernstein downgraded 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. Evercore ISI cut their target price on The Hain Celestial Group from $6.00 to $5.00 and set an "in-line" rating for the company in a research note on Wednesday, April 23rd. Mizuho dropped 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 research report on Monday, July 28th. Finally, CL King reissued a "neutral" rating on shares of The Hain Celestial Group in a report on Thursday, May 8th. Nine investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $3.59.

The Hain Celestial Group Stock Up 6.1%

Shares of HAIN stock traded up $0.10 on Thursday, hitting $1.67. 615,422 shares of the stock were exchanged, compared to its average volume of 2,188,361. The Hain Celestial Group, Inc. has a fifty-two week low of $1.30 and a fifty-two week high of $9.43. The business has a 50-day moving average of $1.67 and a 200 day moving average of $2.91. The firm has a market capitalization of $150.27 million, a P/E ratio of -0.57 and a beta of 0.76. 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 announced its quarterly earnings data on Wednesday, May 7th. The company reported $0.07 EPS for the quarter, missing analysts' consensus estimates of $0.12 by ($0.05). The Hain Celestial Group had a negative net margin of 16.17% and a positive return on equity of 2.47%. The firm had revenue of $390.35 million during the quarter, compared to the consensus estimate of $414.45 million. During the same period last year, the business earned $0.13 EPS. The business's revenue was down 10.9% on a year-over-year basis. Equities analysts anticipate that The Hain Celestial Group, Inc. will post 0.4 EPS for the current year.

Insider Buying and Selling at The Hain Celestial Group

In related news, Director Neil Campbell purchased 25,640 shares of The Hain Celestial Group stock in a transaction dated Thursday, May 22nd. The shares were bought at an average cost of $1.93 per share, for a total transaction of $49,485.20. Following the purchase, the director owned 62,929 shares in the company, valued at approximately $121,452.97. This trade represents a 68.76% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Dawn M. Zier acquired 200,000 shares of the stock in a transaction dated Friday, May 9th. The stock was purchased at an average cost of $1.60 per share, with a total value of $320,000.00. Following the purchase, the director directly owned 288,229 shares of the company's stock, valued at $461,166.40. This trade represents a 226.68% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased a total of 308,640 shares of company stock worth $518,055 over the last ninety days. Insiders own 0.83% of the company's stock.

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.