Invesco Ltd. Has $21.45 Million Stock Position in The Hain Celestial Group, Inc. $HAIN

Key Points

• Invesco Ltd. reduced its stock position in The Hain Celestial Group by 11.9% during the first quarter, now holding approximately $21.45 million worth of shares.
• Recent analysis by firms such as Evercore ISI and Mizuho has led to a decrease in price targets for Hain Celestial, with projections now ranging between $1.50 and $5.00.
• Institutional investors own 97.01% of The Hain Celestial Group, highlighting strong interest from large investment firms.

Invesco Ltd. reduced its position in shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN - Free Report) by 11.9% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 5,169,140 shares of the company's stock after selling 700,935 shares during the quarter. Invesco Ltd. owned about 5.73% of The Hain Celestial Group worth $21,452,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Barrow Hanley Mewhinney & Strauss LLC raised its stake in The Hain Celestial Group by 9.8% during the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 6,223,817 shares of the company's stock worth $38,276,000 after buying an additional 555,195 shares during the period. Frontier Capital Management Co. LLC raised its stake in The Hain Celestial Group by 512.0% during the 4th quarter. Frontier Capital Management Co. LLC now owns 2,520,722 shares of the company's stock worth $15,502,000 after buying an additional 2,108,845 shares during the period. Wellington Management Group LLP acquired a new position in The Hain Celestial Group during the 4th quarter worth approximately $14,322,000. Dimensional Fund Advisors LP raised its stake in The Hain Celestial Group by 24.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,067,866 shares of the company's stock worth $12,717,000 after buying an additional 412,658 shares during the period. Finally, Raiffeisen Bank International AG acquired a new position in The Hain Celestial Group during the 4th quarter worth approximately $12,619,000. 97.01% of the stock is owned by institutional investors and hedge funds.

The Hain Celestial Group Stock Performance

HAIN stock opened at $1.72 on Thursday. 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 $155.23 million, a PE ratio of -0.60 and a beta of 0.76. The business has a 50 day moving average of $1.66 and a 200-day moving average of $2.69. The Hain Celestial Group, Inc. has a 12-month low of $1.30 and a 12-month high of $9.43.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Evercore ISI dropped their price target on The Hain Celestial Group from $6.00 to $5.00 and set an "in-line" rating on the stock in a research note on Wednesday, April 23rd. Mizuho lowered their price objective 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. Sanford C. Bernstein downgraded 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 research note on Thursday, May 8th. Stifel Nicolaus lowered their price objective 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. Finally, Piper Sandler lowered their price objective on 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. One investment analyst has rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat.com, The Hain Celestial Group presently has an average rating of "Hold" and an average price target of $3.59.

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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