Nuveen Asset Management LLC Has $2.15 Million Holdings in The Hain Celestial Group, Inc. (NASDAQ:HAIN)

Nuveen Asset Management LLC trimmed its position in shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN - Free Report) by 69.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 349,503 shares of the company's stock after selling 806,019 shares during the period. Nuveen Asset Management LLC owned about 0.39% of The Hain Celestial Group worth $2,149,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Wealthfront Advisers LLC acquired a new position in The Hain Celestial Group during the 4th quarter worth approximately $370,371,000. Proficio Capital Partners LLC purchased a new stake in shares of The Hain Celestial Group during the 4th quarter worth $142,000. JPMorgan Chase & Co. lifted its position in shares of The Hain Celestial Group by 53.5% during the 4th quarter. JPMorgan Chase & Co. now owns 491,877 shares of the company's stock worth $3,025,000 after purchasing an additional 171,420 shares during the last quarter. Madison Investment Advisors LLC acquired a new position in shares of The Hain Celestial Group during the fourth quarter worth $3,583,000. Finally, Rice Hall James & Associates LLC purchased a new position in The Hain Celestial Group in the fourth quarter valued at $2,652,000. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on HAIN shares. Piper Sandler decreased their price target on The Hain Celestial Group from $2.00 to $1.80 and set a "neutral" rating for the company in a report on Tuesday. JPMorgan Chase & Co. cut their target price on The Hain Celestial Group from $6.00 to $5.00 and set a "neutral" rating on the stock in a research report on Friday, March 14th. Sanford C. Bernstein cut 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 research note on Thursday, May 8th. Mizuho lowered their price target on The Hain Celestial Group from $3.50 to $3.00 and set a "neutral" rating for the company in a report on Wednesday, May 28th. Finally, Maxim Group cut their price objective on shares of The Hain Celestial Group from $10.00 to $5.00 and set a "buy" rating on the stock in a report on Thursday, May 8th. Nine research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $3.64.

Insiders Place Their Bets

In other The Hain Celestial Group news, Director Neil Campbell purchased 25,640 shares of the company's 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 acquisition, the director now directly owns 62,929 shares of the company's stock, 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 SEC, which is available through this link. Also, Director Dawn M. Zier bought 200,000 shares of the company's stock in a transaction on Friday, May 9th. The stock was bought at an average cost of $1.60 per share, with a total value of $320,000.00. Following the completion of the purchase, the director now owns 288,229 shares of the company's stock, valued at approximately $461,166.40. The trade was a 226.68% increase in their position. The disclosure for this purchase can be found here. Insiders purchased 308,640 shares of company stock valued at $518,055 over the last 90 days. 0.83% of the stock is currently owned by company insiders.

The Hain Celestial Group Price Performance

HAIN stock traded up $0.09 on Friday, hitting $1.77. 1,268,308 shares of the company's stock traded hands, compared to its average volume of 1,759,484. The stock has a market cap of $159.75 million, a price-to-earnings ratio of -0.91 and a beta of 1.05. The Hain Celestial Group, Inc. has a 1-year low of $1.30 and a 1-year high of $9.43. The company has a current ratio of 1.90, a quick ratio of 1.00 and a debt-to-equity ratio of 0.90. The stock has a fifty day moving average of $2.55 and a 200-day moving average of $4.47.

The Hain Celestial Group (NASDAQ:HAIN - Get Free Report) last announced its earnings results on Wednesday, May 7th. The company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.05). The firm 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 10.51% and a positive return on equity of 2.88%. The Hain Celestial Group's revenue for the quarter was down 10.9% compared to the same quarter last year. During the same period last year, the firm earned $0.13 earnings per share. On average, analysts forecast that The Hain Celestial Group, Inc. will post 0.4 EPS for the current fiscal 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.