Wellington Management Group LLP Buys New Shares in The Hain Celestial Group, Inc. (NASDAQ:HAIN)

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

Other institutional investors and hedge funds have also recently modified their holdings of the company. Van ECK Associates Corp raised its position in The Hain Celestial Group by 49.0% during the 4th quarter. Van ECK Associates Corp now owns 10,805 shares of the company's stock valued at $66,000 after purchasing an additional 3,554 shares in the last quarter. Virtu Financial LLC bought a new stake in The Hain Celestial Group during the 4th quarter valued at $73,000. Grace & White Inc. NY bought a new stake in The Hain Celestial Group during the 4th quarter valued at $86,000. Polymer Capital Management US LLC bought a new stake in The Hain Celestial Group during the 4th quarter valued at $90,000. Finally, Union Bancaire Privee UBP SA bought a new stake in The Hain Celestial Group during the 4th quarter valued at $97,000. 97.01% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, Director Neil Campbell bought 25,640 shares of The Hain Celestial Group stock in a transaction on Thursday, May 22nd. The stock was acquired at an average price of $1.93 per share, with a total value of $49,485.20. Following the completion of the acquisition, the director now directly owns 62,929 shares of the company's stock, valued at $121,452.97. The trade was a 68.76% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Celeste A. Clark acquired 83,000 shares of the stock in a transaction that occurred on Tuesday, May 13th. The stock was acquired at an average price of $1.79 per share, with a total value of $148,570.00. Following the completion of the transaction, the director now directly owns 83,000 shares of the company's stock, valued at $148,570. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 308,640 shares of company stock valued at $518,055. 0.83% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. CL King reaffirmed a "neutral" rating on shares of The Hain Celestial Group in a research report on Thursday, May 8th. Piper Sandler cut their price target on The Hain Celestial Group from $2.00 to $1.80 and set a "neutral" rating on the stock in a report on Tuesday. JPMorgan Chase & Co. cut their price target on The Hain Celestial Group from $6.00 to $5.00 and set a "neutral" rating on the stock in a report on Friday, March 14th. Mizuho cut their price target on The Hain Celestial Group from $3.50 to $3.00 and set a "neutral" rating on the stock in a report on Wednesday, May 28th. Finally, Maxim Group cut their price target on 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. Nine research analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $3.64.

The Hain Celestial Group Stock Performance

Shares of HAIN stock traded down $0.06 on Wednesday, hitting $1.72. The company had a trading volume of 846,839 shares, compared to its average volume of 1,750,910. The firm has a market cap of $155.24 million, a P/E ratio of -0.89 and a beta of 1.05. The company has a 50-day moving average price of $2.70 and a 200-day moving average price of $4.56. The company has a quick ratio of 1.00, a current ratio of 1.90 and a debt-to-equity ratio of 0.90. The Hain Celestial Group, Inc. has a twelve month low of $1.30 and a twelve month high of $9.43.

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