The Hain Celestial Group, Inc. $HAIN Shares Purchased by Charles Schwab Investment Management Inc.

Key Points

• Charles Schwab Investment Management Inc. increased its stake in The Hain Celestial Group by 32.5%, now owning 1,595,704 shares valued at approximately $6.62 million.
• The Hain Celestial Group has received mixed reviews from analysts, with one "Buy" rating and ten "Hold" ratings, leading to an average price target of $3.59.
• Institutional investors hold a significant majority of the company's stock, with ownership reaching 97.01% of total shares.

Charles Schwab Investment Management Inc. boosted its position in The Hain Celestial Group, Inc. (NASDAQ:HAIN - Free Report) by 32.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,595,704 shares of the company's stock after acquiring an additional 391,034 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.77% of The Hain Celestial Group worth $6,622,000 at the end of the most recent quarter.

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

Wall Street Analysts Forecast Growth

HAIN has been the topic of a number of recent research reports. 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. Sanford C. Bernstein cut shares of The Hain Celestial Group from an "outperform" rating to a "market perform" rating and set a $1.50 target price on the stock. in a report on Thursday, May 8th. Piper Sandler cut their target price on shares of The Hain Celestial Group from $2.00 to $1.80 and set a "neutral" rating on the stock in a report on Tuesday, June 3rd. Mizuho cut their target price on shares of 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. Finally, Maxim Group cut their target price 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. One equities research analyst has rated the stock with a Buy rating and ten have issued a Hold rating to the company's stock. Based on data from MarketBeat, The Hain Celestial Group currently has a consensus rating of "Hold" and an average price target of $3.59.

The Hain Celestial Group Price Performance

Shares of NASDAQ HAIN opened at $1.77 on Wednesday. The firm has a market capitalization of $159.29 million, a P/E ratio of -0.61 and a beta of 0.76. The Hain Celestial Group, Inc. has a one year low of $1.30 and a one year high of $9.43. The company's fifty day moving average is $1.67 and its two-hundred day moving average is $2.59. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.99 and a current ratio of 1.81.

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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