The Hain Celestial Group, Inc. (NASDAQ:HAIN) Shares Sold by Renaissance Technologies LLC

Renaissance Technologies LLC reduced its stake in shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN - Free Report) by 47.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 209,322 shares of the company's stock after selling 191,300 shares during the period. Renaissance Technologies LLC owned 0.23% of The Hain Celestial Group worth $1,287,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Wealthfront Advisers LLC purchased a new stake in The Hain Celestial Group in the 4th quarter valued at $370,371,000. Invesco Ltd. raised its stake in The Hain Celestial Group by 272.4% during the fourth quarter. Invesco Ltd. now owns 5,870,075 shares of the company's stock worth $36,101,000 after purchasing an additional 4,293,945 shares during the period. Wellington Management Group LLP acquired a new position in The Hain Celestial Group in the 4th quarter valued at about $14,322,000. Madison Investment Advisors LLC purchased a new stake in shares of The Hain Celestial Group during the 4th quarter valued at approximately $3,583,000. Finally, Barrow Hanley Mewhinney & Strauss LLC lifted its holdings in The Hain Celestial Group by 9.8% in 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 acquiring an additional 555,195 shares during the last quarter. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Piper Sandler reduced their price objective on shares of The Hain Celestial Group from $8.00 to $7.00 and set a "neutral" rating on the stock in a report on Thursday, January 16th. JPMorgan Chase & Co. lowered their target price on The Hain Celestial Group from $6.00 to $5.00 and set a "neutral" rating for the company in a report on Friday, March 14th. Maxim Group dropped their price objective on shares of The Hain Celestial Group from $15.00 to $10.00 and set a "buy" rating on the stock in a research report on Tuesday, February 11th. Evercore ISI dropped their target price on The Hain Celestial Group from $6.00 to $5.00 and set an "in-line" rating on the stock in a report on Wednesday, April 23rd. Finally, Mizuho decreased their price target on The Hain Celestial Group from $7.00 to $4.50 and set a "neutral" rating for the company in a report on Tuesday, February 11th. Seven analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat.com, The Hain Celestial Group has a consensus rating of "Hold" and a consensus price target of $5.94.

The Hain Celestial Group Price Performance

Shares of HAIN traded up $0.07 during mid-day trading on Wednesday, reaching $3.04. 2,953,357 shares of the company's stock were exchanged, compared to its average volume of 1,504,166. 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 52-week low of $2.68 and a 52-week high of $9.43. The company has a market cap of $274.35 million, a price-to-earnings ratio of -1.57 and a beta of 0.93. The company has a 50-day simple moving average of $3.64 and a two-hundred day simple moving average of $5.63.

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

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.