Raiffeisen Bank International AG Sells 1,541,999 Shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN)

Raiffeisen Bank International AG reduced its stake in The Hain Celestial Group, Inc. (NASDAQ:HAIN - Free Report) by 74.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 520,000 shares of the company's stock after selling 1,541,999 shares during the period. Raiffeisen Bank International AG owned approximately 0.58% of The Hain Celestial Group worth $2,137,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Signaturefd LLC lifted its stake in shares of The Hain Celestial Group by 174.5% during the first quarter. Signaturefd LLC now owns 6,858 shares of the company's stock valued at $28,000 after acquiring an additional 4,360 shares during the period. Wedmont Private Capital bought a new stake in shares of The Hain Celestial Group during the 1st quarter valued at $52,000. Byrne Asset Management LLC boosted its position in shares of The Hain Celestial Group by 240.0% in the 1st quarter. Byrne Asset Management LLC now owns 13,599 shares of the company's stock worth $56,000 after purchasing an additional 9,599 shares during the last quarter. CWM LLC lifted its stake in The Hain Celestial Group by 106.8% in the first quarter. CWM LLC now owns 15,493 shares of the company's stock valued at $64,000 after buying an additional 8,000 shares during the period. Finally, Cerity Partners LLC increased its stake in shares of The Hain Celestial Group by 50.8% in the 1st quarter. Cerity Partners LLC now owns 16,708 shares of the company's stock valued at $69,000 after acquiring an additional 5,625 shares during the last quarter. 97.01% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Celeste A. Clark purchased 83,000 shares of the business's stock in a transaction dated Tuesday, May 13th. The stock was bought at an average price of $1.79 per share, for a total transaction of $148,570.00. Following the purchase, the director owned 83,000 shares of the company's stock, valued at $148,570. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Neil Campbell bought 25,640 shares of the business's stock in a transaction on Thursday, May 22nd. The shares were acquired at an average price of $1.93 per share, with a total value of $49,485.20. Following the transaction, the director directly owned 62,929 shares of the company's stock, valued at approximately $121,452.97. This trade represents a 68.76% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 308,640 shares of company stock valued at $518,055. 0.83% of the stock is owned by insiders.

The Hain Celestial Group Stock Up 6.1%

NASDAQ HAIN traded up $0.10 on Thursday, reaching $1.67. The company had a trading volume of 615,422 shares, compared to its average volume of 2,188,361. The company has a quick ratio of 0.99, a current ratio of 1.81 and a debt-to-equity ratio of 1.01. The company's fifty day moving average is $1.67 and its 200 day moving average is $2.91. The Hain Celestial Group, Inc. has a 52-week low of $1.30 and a 52-week high of $9.43. The stock has a market capitalization of $150.27 million, a P/E ratio of -0.57 and a beta of 0.76.

The Hain Celestial Group (NASDAQ:HAIN - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.05). The firm had revenue of $390.35 million during the quarter, compared to analysts' expectations of $414.45 million. The Hain Celestial Group had a negative net margin of 16.17% and a positive return on equity of 2.47%. The company's quarterly revenue was down 10.9% on a year-over-year basis. During the same quarter last year, the business posted $0.13 EPS. Sell-side analysts anticipate that The Hain Celestial Group, Inc. will post 0.4 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently commented on HAIN shares. Maxim Group lowered their price objective on shares of The Hain Celestial Group from $10.00 to $5.00 and set a "buy" rating for the company in a research report on Thursday, May 8th. Piper Sandler lowered their target price on The Hain Celestial Group from $2.00 to $1.80 and set a "neutral" rating on the stock in a research report on Tuesday, June 3rd. Sanford C. Bernstein lowered shares of The Hain Celestial Group from an "outperform" rating to a "market perform" rating and set a $1.50 price target on the stock. in a research report on Thursday, May 8th. Mizuho cut their target price on shares of The Hain Celestial Group from $3.00 to $2.50 and set a "neutral" rating for the company in a research note on Monday, July 28th. Finally, Barclays cut their price objective on The Hain Celestial Group from $4.00 to $2.00 and set an "equal weight" rating for the company in a research report on Monday, May 12th. Nine analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, The Hain Celestial Group currently has an average rating of "Hold" and an average target price of $3.59.

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.