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

Barrow Hanley Mewhinney & Strauss LLC boosted its position in shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN - Free Report) by 9.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,223,817 shares of the company's stock after purchasing an additional 555,195 shares during the period. Barrow Hanley Mewhinney & Strauss LLC owned 6.90% of The Hain Celestial Group worth $38,276,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of HAIN. Inspire Investing LLC boosted its position in The Hain Celestial Group by 38.1% during the fourth quarter. Inspire Investing LLC now owns 65,271 shares of the company's stock valued at $401,000 after purchasing an additional 18,019 shares during the last quarter. Union Bancaire Privee UBP SA acquired a new stake in shares of The Hain Celestial Group in the fourth quarter worth about $97,000. Sageworth Trust Co acquired a new stake in shares of The Hain Celestial Group in the fourth quarter worth about $234,000. Van ECK Associates Corp lifted its position in shares of The Hain Celestial Group by 49.0% in the fourth quarter. Van ECK Associates Corp now owns 10,805 shares of the company's stock worth $66,000 after buying an additional 3,554 shares during the last quarter. Finally, Grace & White Inc. NY acquired a new stake in shares of The Hain Celestial Group in the fourth quarter worth about $86,000. Institutional investors and hedge funds own 97.01% of the company's stock.

Insider Activity at The Hain Celestial Group

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

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Sanford C. Bernstein cut The Hain Celestial Group from an "outperform" rating to a "market perform" rating and set a $1.50 price target for the company. in a research report on Thursday, May 8th. Mizuho reduced their price target on The Hain Celestial Group from $7.00 to $4.50 and set a "neutral" rating for the company in a research report on Tuesday, February 11th. Stifel Nicolaus reduced their price target on The Hain Celestial Group from $4.00 to $1.50 and set a "hold" rating for the company in a research report on Thursday, May 8th. Evercore ISI reduced their price target on The Hain Celestial Group from $6.00 to $5.00 and set an "in-line" rating for the company in a research report on Wednesday, April 23rd. Finally, Barclays dropped 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 research note on Monday, May 12th. Nine research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat, The Hain Celestial Group currently has an average rating of "Hold" and a consensus target price of $4.39.

The Hain Celestial Group Stock Performance

Shares of The Hain Celestial Group stock traded up $0.15 during trading on Tuesday, reaching $2.02. The company's stock had a trading volume of 1,473,122 shares, compared to its average volume of 2,601,442. 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's fifty day moving average price is $2.94 and its 200-day moving average price is $4.76. The firm has a market cap of $182.31 million, a price-to-earnings ratio of -1.04 and a beta of 1.05. The Hain Celestial Group, Inc. has a one year low of $1.30 and a one year high of $9.43.

The Hain Celestial Group (NASDAQ:HAIN - Get Free Report) last issued its quarterly 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 Hain Celestial Group had a negative net margin of 10.51% and a positive return on equity of 2.88%. The firm had revenue of $390.35 million for the quarter, compared to the consensus estimate of $414.45 million. During the same quarter in the prior year, the firm earned $0.13 earnings per share. The company's revenue was down 10.9% on a year-over-year basis. As a group, equities research analysts predict that The Hain Celestial Group, Inc. will post 0.4 earnings per share for the current 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.