Vanguard Group Inc. Sells 2,730,563 Shares of The Hain Celestial Group, Inc. $HAIN

Key Points

• Vanguard Group Inc. has reduced its stake in The Hain Celestial Group by 24.6%, selling 2,730,563 shares and now holding approximately 9.29% of the company, valued at around $34.8 million.
• Several other hedge funds have increased their positions in The Hain Celestial Group, with significant boosts including Signaturefd LLC and Byrne Asset Management LLC. Currently, 97.01% of the company's stock is owned by institutional investors.
• Shares of The Hain Celestial Group opened at $1.77 and have seen target price revisions from various analysts, with Barclays lowering their target from $4.00 to $2.00, indicating a cautious outlook on the stock.

Vanguard Group Inc. reduced its position in The Hain Celestial Group, Inc. (NASDAQ:HAIN - Free Report) by 24.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,381,967 shares of the company's stock after selling 2,730,563 shares during the quarter. Vanguard Group Inc. owned approximately 9.29% of The Hain Celestial Group worth $34,785,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Signaturefd LLC boosted its position in shares of The Hain Celestial Group by 174.5% in the first quarter. Signaturefd LLC now owns 6,858 shares of the company's stock worth $28,000 after purchasing an additional 4,360 shares during the period. Wedmont Private Capital bought a new position in shares of The Hain Celestial Group in the first quarter worth approximately $52,000. Byrne Asset Management LLC boosted its position in shares of The Hain Celestial Group by 240.0% in the first 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 period. CWM LLC boosted its position in shares of The Hain Celestial Group by 106.8% in the first quarter. CWM LLC now owns 15,493 shares of the company's stock worth $64,000 after purchasing an additional 8,000 shares during the period. Finally, Cerity Partners LLC boosted its position in shares of The Hain Celestial Group by 50.8% in the first quarter. Cerity Partners LLC now owns 16,708 shares of the company's stock worth $69,000 after purchasing an additional 5,625 shares during the period. 97.01% of the stock is currently owned by institutional investors.

The Hain Celestial Group Trading Down 4.1%

Shares of HAIN opened at $1.77 on Wednesday. The Hain Celestial Group, Inc. has a twelve month low of $1.30 and a twelve month high of $9.43. The company has a market cap of $159.29 million, a P/E ratio of -0.61 and a beta of 0.76. The company has a current ratio of 1.81, a quick ratio of 0.99 and a debt-to-equity ratio of 1.01. The company's fifty day simple moving average is $1.67 and its 200-day simple moving average is $2.59.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on HAIN. Barclays lowered their target price on shares of 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. Stifel Nicolaus lowered their target price 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. 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. Piper Sandler lowered 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. Finally, Maxim Group lowered 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 investment analyst has rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target 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.

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