Invesco Ltd. Lowers 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. trimmed its holdings in shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN - Free Report) by 11.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,169,140 shares of the company's stock after selling 700,935 shares during the quarter. Invesco Ltd. owned 5.73% of The Hain Celestial Group worth $21,452,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Assenagon Asset Management S.A. raised its holdings in shares of 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 acquiring an additional 267,161 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in shares of The Hain Celestial Group by 45.6% in the 1st 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 in the last quarter. Wellington Management Group LLP bought a new stake in shares of The Hain Celestial Group in the 4th quarter valued at about $14,322,000. Janney Montgomery Scott LLC lifted its position in shares of The Hain Celestial Group by 16.1% in the 1st quarter. Janney Montgomery Scott LLC now owns 84,143 shares of the company's stock worth $349,000 after purchasing an additional 11,675 shares during the period. Finally, Frontier Capital Management Co. LLC boosted its stake in shares of The Hain Celestial Group by 512.0% during the fourth quarter. Frontier Capital Management Co. LLC now owns 2,520,722 shares of the company's stock valued at $15,502,000 after purchasing an additional 2,108,845 shares in the last quarter. 97.01% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

HAIN has been the topic of several research reports. Stifel Nicolaus cut 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. Zacks Research raised shares of The Hain Celestial Group from a "strong sell" rating to a "hold" rating in a report on Tuesday, August 19th. Piper Sandler reduced their target price on shares of The Hain Celestial Group from $2.00 to $1.80 and set a "neutral" rating for the company in a report on Tuesday, June 3rd. Barclays reduced their target price on shares of The Hain Celestial Group from $4.00 to $2.00 and set an "equal weight" rating for the company in a report on Monday, May 12th. Finally, Sanford C. Bernstein downgraded shares of 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 report on Thursday, May 8th. One investment analyst has rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat.com, The Hain Celestial Group currently has a consensus rating of "Hold" and a consensus target price of $3.59.

The Hain Celestial Group Stock Down 4.1%

Shares of HAIN stock traded down $0.08 during trading hours on Tuesday, reaching $1.77. 751,239 shares of the company's stock were exchanged, compared to its average volume of 1,144,659. The Hain Celestial Group, Inc. has a 1 year low of $1.30 and a 1 year high of $9.43. The stock has a market cap of $159.29 million, a PE ratio of -0.61 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 stock's fifty day moving average price is $1.67 and its two-hundred day moving average price is $2.59.

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.