Federated Hermes Inc. Grows Position in The Hain Celestial Group, Inc. (NASDAQ:HAIN)

Federated Hermes Inc. lifted its holdings in shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN - Free Report) by 21.3% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,059,302 shares of the company's stock after purchasing an additional 185,745 shares during the quarter. Federated Hermes Inc. owned about 1.17% of The Hain Celestial Group worth $4,396,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Assenagon Asset Management S.A. boosted its holdings in shares of The Hain Celestial Group by 89.0% during the first quarter. Assenagon Asset Management S.A. now owns 567,234 shares of the company's stock worth $2,354,000 after purchasing an additional 267,161 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings 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 acquiring 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. boosted its holdings 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 acquiring an additional 171,420 shares during the last quarter. Finally, Janney Montgomery Scott LLC boosted its holdings 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 acquiring an additional 11,675 shares during the last quarter. Institutional investors and hedge funds own 97.01% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on HAIN shares. Mizuho reduced their target price on The Hain Celestial Group from $3.00 to $2.50 and set a "neutral" rating on the stock in a report on Monday, July 28th. Evercore ISI reduced their target price on The Hain Celestial Group from $6.00 to $5.00 and set an "in-line" rating on the stock in a report on Wednesday, April 23rd. Stifel Nicolaus reduced their target price on 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. Piper Sandler cut their price objective on The Hain Celestial Group from $2.00 to $1.80 and set a "neutral" rating on the stock in a research report on Tuesday, June 3rd. Finally, Sanford C. Bernstein lowered The Hain Celestial Group from an "outperform" rating to a "market perform" rating and set a $1.50 price objective on the stock. in a research report on Thursday, May 8th. Nine research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, The Hain Celestial Group presently has an average rating of "Hold" and an average price target of $3.59.

Insider Activity at The Hain Celestial Group

In other news, Director Celeste A. Clark acquired 83,000 shares of the stock in a transaction that occurred on Tuesday, May 13th. The stock was purchased at an average cost of $1.79 per share, with a total value of $148,570.00. Following the completion of the acquisition, the director directly owned 83,000 shares in the company, valued at $148,570. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Neil Campbell acquired 25,640 shares of the stock in a transaction that occurred on Thursday, May 22nd. The stock was purchased at an average cost of $1.93 per share, with a total value of $49,485.20. Following the completion of the acquisition, the director owned 62,929 shares of the company's stock, valued at $121,452.97. The trade was a 68.76% 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 over the last three months. 0.83% of the stock is owned by insiders.

The Hain Celestial Group Price Performance

Shares of NASDAQ HAIN opened at $1.54 on Monday. 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 price of $1.69 and a two-hundred day moving average price of $2.95. 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 cap of $138.99 million, a PE ratio of -0.53 and a beta of 0.76.

The Hain Celestial Group (NASDAQ:HAIN - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.07 earnings per share for the quarter, missing analysts' consensus estimates of $0.12 by ($0.05). The business had revenue of $390.35 million for the quarter, compared to analyst estimates of $414.45 million. The Hain Celestial Group had a negative net margin of 16.17% and a positive return on equity of 2.47%. The Hain Celestial Group's revenue for the quarter was down 10.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.13 EPS. Sell-side analysts expect that The Hain Celestial Group, Inc. will post 0.4 earnings per share for the current fiscal year.

The Hain Celestial Group Company 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.

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