Invesco Ltd. Purchases 4,293,945 Shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN)

Invesco Ltd. grew its holdings in shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN - Free Report) by 272.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,870,075 shares of the company's stock after buying an additional 4,293,945 shares during the period. Invesco Ltd. owned 6.51% of The Hain Celestial Group worth $36,101,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Polymer Capital Management US LLC bought a new stake in shares of The Hain Celestial Group during the fourth quarter valued at approximately $90,000. Federated Hermes Inc. lifted its position in The Hain Celestial Group by 1.4% during the fourth quarter. Federated Hermes Inc. now owns 873,557 shares of the company's stock valued at $5,372,000 after buying an additional 11,679 shares during the period. Russell Investments Group Ltd. boosted its holdings in shares of The Hain Celestial Group by 4,317.4% during the 4th quarter. Russell Investments Group Ltd. now owns 94,488 shares of the company's stock valued at $581,000 after buying an additional 92,349 shares in the last quarter. Wells Fargo & Company MN grew its position in shares of The Hain Celestial Group by 29.1% in the 4th quarter. Wells Fargo & Company MN now owns 65,227 shares of the company's stock worth $401,000 after buying an additional 14,722 shares during the period. Finally, Geode Capital Management LLC increased its stake in shares of The Hain Celestial Group by 0.7% in the 4th quarter. Geode Capital Management LLC now owns 2,243,999 shares of the company's stock worth $13,803,000 after acquiring an additional 14,818 shares in the last quarter. Institutional investors own 97.01% of the company's stock.

The Hain Celestial Group Stock Up 1.7 %

NASDAQ HAIN traded up $0.05 on Tuesday, reaching $3.07. 2,247,160 shares of the stock traded hands, compared to its average volume of 1,493,993. The company has a market cap of $277.06 million, a price-to-earnings ratio of -1.58 and a beta of 0.93. 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 Hain Celestial Group, Inc. has a 12 month low of $2.68 and a 12 month high of $9.43. The company has a fifty day moving average price of $3.76 and a 200-day moving average price of $5.84.

The Hain Celestial Group (NASDAQ:HAIN - Get Free Report) last posted its earnings results on Monday, February 10th. The company reported $0.08 EPS for the quarter, missing analysts' consensus estimates of $0.12 by ($0.04). The Hain Celestial Group had a negative net margin of 10.51% and a positive return on equity of 2.88%. As a group, research analysts forecast that The Hain Celestial Group, Inc. will post 0.4 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have commented on HAIN shares. Barclays dropped their target price on The Hain Celestial Group from $5.00 to $4.00 and set an "equal weight" rating on the stock in a report on Monday, April 14th. Maxim Group dropped their price target on shares of The Hain Celestial Group from $15.00 to $10.00 and set a "buy" rating on the stock in a research note on Tuesday, February 11th. Stifel Nicolaus cut their price objective on shares of The Hain Celestial Group from $7.00 to $6.00 and set a "hold" rating on the stock in a research report on Tuesday, February 11th. Piper Sandler decreased their target price on shares of The Hain Celestial Group from $8.00 to $7.00 and set a "neutral" rating for the company in a report on Thursday, January 16th. Finally, JPMorgan Chase & Co. dropped their target price on shares of The Hain Celestial Group from $6.00 to $5.00 and set a "neutral" rating on the stock in a research note on Friday, March 14th. Seven analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, The Hain Celestial Group currently has a consensus rating of "Hold" and a consensus target price of $6.31.

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.