Grace & White Inc. NY Buys Shares of 14,000 The Hain Celestial Group, Inc. (NASDAQ:HAIN)

Grace & White Inc. NY purchased a new stake in shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 14,000 shares of the company’s stock, valued at approximately $86,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of HAIN. Hotchkis & Wiley Capital Management LLC lifted its holdings in The Hain Celestial Group by 54.9% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 1,224,590 shares of the company’s stock valued at $10,568,000 after acquiring an additional 434,070 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of The Hain Celestial Group by 257.0% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 496,842 shares of the company’s stock valued at $4,288,000 after purchasing an additional 357,669 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of The Hain Celestial Group in the 3rd quarter worth approximately $2,515,000. Quest Partners LLC boosted its holdings in shares of The Hain Celestial Group by 387.1% in the third quarter. Quest Partners LLC now owns 212,655 shares of the company’s stock worth $1,835,000 after buying an additional 168,996 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in The Hain Celestial Group by 6.8% during the third quarter. Geode Capital Management LLC now owns 2,229,181 shares of the company’s stock valued at $19,241,000 after buying an additional 142,097 shares during the period. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Barclays decreased their price target on shares of The Hain Celestial Group from $6.00 to $5.00 and set an “equal weight” rating on the stock in a research report on Tuesday. Piper Sandler decreased their target price on 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. Mizuho cut 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. DA Davidson decreased their price objective on The Hain Celestial Group from $9.00 to $8.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 12th. Finally, Evercore ISI lowered their price objective on The Hain Celestial Group from $9.00 to $6.00 and set an “in-line” rating on the stock in a research report on Wednesday. Seven investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, The Hain Celestial Group currently has a consensus rating of “Hold” and an average price target of $6.56.

The Hain Celestial Group Stock Performance

Shares of HAIN opened at $4.36 on Thursday. The business’s 50 day moving average is $5.85 and its 200 day moving average is $7.22. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.01 and a quick ratio of 1.05. The Hain Celestial Group, Inc. has a 12-month low of $3.28 and a 12-month high of $10.07.

The Hain Celestial Group (NASDAQ:HAIN) last released its quarterly earnings data on Monday, February 10th. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.04). The Hain Celestial Group had a negative net margin of 4.94% and a positive return on equity of 3.13%. Equities research analysts expect that The Hain Celestial Group, Inc. will post 0.43 EPS 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.