Wellington Management Group LLP Acquires Shares of 2,328,823 The Hain Celestial Group, Inc. (NASDAQ:HAIN)

Wellington Management Group LLP bought a new position in shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 2,328,823 shares of the company's stock, valued at approximately $14,322,000. Wellington Management Group LLP owned 2.58% of The Hain Celestial Group at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HAIN. Van ECK Associates Corp raised its position in shares of The Hain Celestial Group by 49.0% during the fourth quarter. Van ECK Associates Corp now owns 10,805 shares of the company's stock valued at $66,000 after buying an additional 3,554 shares during the last quarter. Virtu Financial LLC bought a new stake in shares of The Hain Celestial Group during the fourth quarter valued at approximately $73,000. Grace & White Inc. NY bought a new stake in shares of The Hain Celestial Group during the fourth quarter valued at approximately $86,000. Polymer Capital Management US LLC bought a new stake in The Hain Celestial Group in the fourth quarter worth $90,000. Finally, Union Bancaire Privee UBP SA bought a new stake in The Hain Celestial Group in the fourth quarter worth $97,000. Institutional investors own 97.01% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Maxim Group reduced their price target on shares of The Hain Celestial Group from $10.00 to $5.00 and set a "buy" rating on the stock in a research report on Thursday, May 8th. Barclays dropped their price objective on shares of The Hain Celestial Group from $4.00 to $2.00 and set an "equal weight" rating for the company in a research note on Monday, May 12th. Piper Sandler dropped their price objective on shares of The Hain Celestial Group from $2.00 to $1.80 and set a "neutral" rating for the company in a research note on Tuesday. JPMorgan Chase & Co. dropped their price objective on shares of The Hain Celestial Group from $6.00 to $5.00 and set a "neutral" rating for the company in a research note on Friday, March 14th. Finally, Evercore ISI dropped their price objective on shares of The Hain Celestial Group from $6.00 to $5.00 and set an "in-line" rating for the company in a research note on Wednesday, April 23rd. Nine investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $3.64.

The Hain Celestial Group Stock Down 2.3%

Shares of HAIN traded down $0.04 during midday trading on Thursday, hitting $1.68. The company had a trading volume of 1,063,830 shares, compared to its average volume of 1,756,590. The company's 50-day simple moving average is $2.60 and its 200-day simple moving average is $4.51. 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 firm has a market capitalization of $151.63 million, a P/E ratio of -0.87 and a beta of 1.05. The Hain Celestial Group, Inc. has a 1 year low of $1.30 and a 1 year high of $9.43.

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 analysts' consensus estimates 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 business had revenue of $390.35 million during the quarter, compared to analyst estimates of $414.45 million. During the same quarter in the prior year, the firm posted $0.13 earnings per share. The company's revenue for the quarter was down 10.9% compared to the same quarter last year. As a group, sell-side analysts expect that The Hain Celestial Group, Inc. will post 0.4 EPS for the current year.

Insider Buying and Selling at The Hain Celestial Group

In other The Hain Celestial Group news, Director Celeste A. Clark bought 83,000 shares of The Hain Celestial Group 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 transaction, the director now owns 83,000 shares of the company's stock, valued at $148,570. This represents a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Neil Campbell bought 25,640 shares of The Hain Celestial Group stock in a transaction that occurred on Thursday, May 22nd. The shares were 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 now directly owns 62,929 shares of the company's stock, valued at $121,452.97. This trade represents a 68.76% increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders have bought 308,640 shares of company stock valued at $518,055. Insiders own 0.83% of the company's stock.

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.