Barrow Hanley Mewhinney & Strauss LLC Acquires 555,195 Shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN)

Barrow Hanley Mewhinney & Strauss LLC raised its holdings in The Hain Celestial Group, Inc. (NASDAQ:HAIN - Free Report) by 9.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,223,817 shares of the company's stock after acquiring an additional 555,195 shares during the period. Barrow Hanley Mewhinney & Strauss LLC owned approximately 6.90% of The Hain Celestial Group worth $38,276,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of HAIN. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of The Hain Celestial Group by 13.1% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 248,318 shares of the company's stock worth $1,527,000 after acquiring an additional 28,788 shares during 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 worth $6,101,000 after buying an additional 35,023 shares in the last quarter. Raiffeisen Bank International AG bought a new position in The Hain Celestial Group during the fourth quarter valued at approximately $12,619,000. ProShare Advisors LLC raised its stake in shares of The Hain Celestial Group by 44.5% during the fourth quarter. ProShare Advisors LLC now owns 27,039 shares of the company's stock worth $166,000 after acquiring an additional 8,322 shares in the last quarter. Finally, Quantinno Capital Management LP lifted its holdings in shares of The Hain Celestial Group by 51.1% in the 4th quarter. Quantinno Capital Management LP now owns 18,949 shares of the company's stock worth $117,000 after acquiring an additional 6,407 shares during the last quarter. Hedge funds and other institutional investors own 97.01% of the company's stock.

The Hain Celestial Group Trading Down 3.2%

Shares of NASDAQ HAIN traded down $0.07 during trading hours on Wednesday, hitting $1.96. The company's stock had a trading volume of 331,488 shares, compared to its average volume of 1,741,324. The Hain Celestial Group, Inc. has a 12 month low of $1.30 and a 12 month high of $9.43. The stock has a market cap of $176.44 million, a price-to-earnings ratio of -1.01 and a beta of 1.05. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.00 and a current ratio of 1.90. The business has a 50-day simple moving average of $2.90 and a 200-day simple moving average of $4.74.

The Hain Celestial Group (NASDAQ:HAIN - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.05). The Hain Celestial Group had a positive return on equity of 2.88% and a negative net margin of 10.51%. The business had revenue of $390.35 million during the quarter, compared to analysts' expectations of $414.45 million. During the same quarter last year, the business posted $0.13 EPS. The company's quarterly revenue was down 10.9% compared to the same quarter last year. On average, analysts anticipate that The Hain Celestial Group, Inc. will post 0.4 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on HAIN shares. Sanford C. Bernstein lowered 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. Evercore ISI reduced their price objective 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. Barclays decreased their price objective on The Hain Celestial Group from $4.00 to $2.00 and set an "equal weight" rating on the stock in a report on Monday, May 12th. Mizuho dropped their target price on The Hain Celestial Group from $7.00 to $4.50 and set a "neutral" rating for the company in a report on Tuesday, February 11th. Finally, JPMorgan Chase & Co. reduced their price target 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. Nine investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, The Hain Celestial Group has a consensus rating of "Hold" and an average price target of $4.39.

Insiders Place Their Bets

In other news, Director Dawn M. Zier bought 200,000 shares of the stock in a transaction dated Friday, May 9th. The stock was bought at an average price of $1.60 per share, for a total transaction of $320,000.00. Following the purchase, the director now directly owns 288,229 shares in the company, valued at $461,166.40. This trade represents a 226.68% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Celeste A. Clark purchased 83,000 shares of the company's stock in a transaction that occurred on Tuesday, May 13th. The shares were purchased at an average price of $1.79 per share, for a total transaction of $148,570.00. Following the completion of the transaction, the director now directly owns 83,000 shares of the company's stock, valued at $148,570. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 308,640 shares of company stock worth $518,055. 0.83% of the stock is currently owned by corporate insiders.

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.