Goldman Sachs Group Inc. Sells 200,292 Shares of The Hain Celestial Group, Inc. $HAIN

Key Points

• Goldman Sachs Group Inc. decreased its stake in The Hain Celestial Group by 21.0%, selling 200,292 shares in the first quarter and now holds 755,385 shares valued at approximately $3.1 million.
• Recent analyst reports have led to multiple downward revisions of target prices for HAIN, with Mizuho reducing its target from $2.50 to $1.50, and Zacks Research downgrading the stock to a "strong sell" rating.
• The Hain Celestial Group's latest quarterly report showed a revenue decline of 13.4% year-over-year, with reported EPS of ($0.02), falling short of analysts' expectations of $0.04.

Goldman Sachs Group Inc. cut its stake in shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN - Free Report) by 21.0% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 755,385 shares of the company's stock after selling 200,292 shares during the quarter. Goldman Sachs Group Inc. owned approximately 0.84% of The Hain Celestial Group worth $3,135,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Deutsche Bank AG boosted its stake in The Hain Celestial Group by 54.4% in the fourth quarter. Deutsche Bank AG now owns 84,044 shares of the company's stock valued at $517,000 after acquiring an additional 29,605 shares in the last quarter. Quantinno Capital Management LP boosted its stake in The Hain Celestial Group by 51.1% in the fourth quarter. Quantinno Capital Management LP now owns 18,949 shares of the company's stock valued at $117,000 after acquiring an additional 6,407 shares in the last quarter. ProShare Advisors LLC boosted its stake in The Hain Celestial Group by 44.5% in the fourth quarter. ProShare Advisors LLC now owns 27,039 shares of the company's stock valued at $166,000 after acquiring an additional 8,322 shares in the last quarter. Two Sigma Investments LP boosted its stake in The Hain Celestial Group by 3.7% in the fourth quarter. Two Sigma Investments LP now owns 992,063 shares of the company's stock valued at $6,101,000 after acquiring an additional 35,023 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in The Hain Celestial Group by 13.1% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 248,318 shares of the company's stock valued at $1,527,000 after acquiring an additional 28,788 shares in the last quarter. 97.01% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Piper Sandler lowered their price objective on shares of The Hain Celestial Group from $2.00 to $1.80 and set a "neutral" rating for the company in a research note on Tuesday, June 3rd. Barclays lowered their price objective on shares of The Hain Celestial Group from $2.00 to $1.50 and set an "equal weight" rating for the company in a research note on Wednesday, September 17th. Zacks Research downgraded shares of The Hain Celestial Group from a "hold" rating to a "strong sell" rating in a research note on Wednesday, September 17th. Stephens downgraded shares of The Hain Celestial Group from an "overweight" rating to an "equal weight" rating and decreased their target price for the company from $3.00 to $2.00 in a research report on Wednesday, September 17th. Finally, Mizuho decreased their target price on shares of The Hain Celestial Group from $2.50 to $1.50 and set a "neutral" rating for the company in a research report on Tuesday, September 16th. One investment analyst has rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, The Hain Celestial Group presently has an average rating of "Hold" and an average target price of $3.28.

Insider Buying and Selling at The Hain Celestial Group

In related news, Director Neil Campbell acquired 62,640 shares of the business's stock in a transaction on Friday, September 19th. The stock was bought at an average cost of $1.52 per share, with a total value of $95,212.80. Following the completion of the acquisition, the director owned 125,569 shares in the company, valued at $190,864.88. The trade was a 99.54% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Alison Lewis bought 44,895 shares of the stock in a transaction dated Friday, September 19th. The stock was acquired at an average price of $1.50 per share, with a total value of $67,342.50. Following the completion of the purchase, the chief executive officer owned 74,895 shares of the company's stock, valued at $112,342.50. This represents a 149.65% increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 137,535 shares of company stock worth $207,255. 1.71% of the stock is currently owned by corporate insiders.

The Hain Celestial Group Stock Performance

Shares of The Hain Celestial Group stock traded up $0.03 during trading on Tuesday, hitting $1.68. 575,221 shares of the stock were exchanged, compared to its average volume of 2,124,190. The stock's fifty day moving average is $1.73 and its 200 day moving average is $2.28. The stock has a market cap of $151.24 million, a PE ratio of -0.28 and a beta of 0.79. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.02 and a current ratio of 1.91. The Hain Celestial Group, Inc. has a 12 month low of $1.30 and a 12 month high of $9.43.

The Hain Celestial Group (NASDAQ:HAIN - Get Free Report) last issued its quarterly earnings results on Monday, September 15th. The company reported ($0.02) earnings per share for the quarter, missing analysts' consensus estimates of $0.04 by ($0.06). The Hain Celestial Group had a negative net margin of 34.03% and a positive return on equity of 1.10%. The business had revenue of $363.35 million during the quarter, compared to analyst estimates of $371.58 million. During the same period in the previous year, the company posted $0.13 earnings per share. The Hain Celestial Group's revenue was down 13.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that The Hain Celestial Group, Inc. will post 0.4 EPS for the current year.

The Hain Celestial Group 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.