The Hain Celestial Group, Inc. (NASDAQ:HAIN) Shares Sold by Raiffeisen Bank International AG

Raiffeisen Bank International AG cut its holdings in shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN - Free Report) by 74.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 520,000 shares of the company's stock after selling 1,541,999 shares during the period. Raiffeisen Bank International AG owned 0.58% of The Hain Celestial Group worth $2,137,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Barrow Hanley Mewhinney & Strauss LLC grew its holdings in shares of 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 valued at $38,276,000 after buying an additional 555,195 shares during the last quarter. Invesco Ltd. grew its holdings in shares of The Hain Celestial Group by 272.4% during the fourth quarter. Invesco Ltd. now owns 5,870,075 shares of the company's stock valued at $36,101,000 after buying an additional 4,293,945 shares during the last quarter. Frontier Capital Management Co. LLC grew its holdings in shares of 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 valued at $15,502,000 after buying an additional 2,108,845 shares during the last quarter. Wellington Management Group LLP purchased a new stake in shares of The Hain Celestial Group during the fourth quarter valued at $14,322,000. Finally, Geode Capital Management LLC grew its holdings in shares of The Hain Celestial Group by 0.7% during the fourth quarter. Geode Capital Management LLC now owns 2,243,999 shares of the company's stock valued at $13,803,000 after buying an additional 14,818 shares during the last quarter. 97.01% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on HAIN shares. Mizuho dropped their price objective 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. 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 objective on the stock. in a report on Thursday, May 8th. Maxim Group dropped 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. Piper Sandler dropped their price objective 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. Finally, Stifel Nicolaus lowered their price target on shares of The Hain Celestial Group from $4.00 to $1.50 and set a "hold" rating on the stock in a report on Thursday, May 8th. Nine analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $3.59.

Insiders Place Their Bets

In other news, Director Neil Campbell acquired 25,640 shares of the firm's stock in a transaction on Thursday, May 22nd. The stock was acquired at an average price of $1.93 per share, for a total transaction of $49,485.20. Following the completion of the transaction, the director owned 62,929 shares in the company, valued at approximately $121,452.97. The trade was a 68.76% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Dawn M. Zier acquired 200,000 shares of the firm's stock in a transaction on Friday, May 9th. The stock was purchased at an average price of $1.60 per share, with a total value of $320,000.00. Following the transaction, the director owned 288,229 shares of the company's stock, valued at approximately $461,166.40. This trade represents a 226.68% increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders bought 308,640 shares of company stock worth $518,055. Company insiders own 0.83% of the company's stock.

The Hain Celestial Group Price Performance

NASDAQ:HAIN opened at $1.54 on Monday. The Hain Celestial Group, Inc. has a one year low of $1.30 and a one year high of $9.43. 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 firm has a market cap of $138.99 million, a price-to-earnings ratio of -0.53 and a beta of 0.76. The firm's fifty day moving average is $1.69 and its two-hundred day moving average is $2.95.

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.