Grace & White Inc. NY Grows Position in The Hain Celestial Group, Inc. $HAIN

Grace & White Inc. NY grew its stake in shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN) by 35.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 38,000 shares of the company’s stock after buying an additional 10,000 shares during the period. Grace & White Inc. NY’s holdings in The Hain Celestial Group were worth $58,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Allianz Asset Management GmbH increased its position in shares of The Hain Celestial Group by 1.3% during the first quarter. Allianz Asset Management GmbH now owns 294,715 shares of the company’s stock valued at $1,223,000 after buying an additional 3,715 shares during the period. Signaturefd LLC increased its position in shares of The Hain Celestial Group by 174.5% during the first quarter. Signaturefd LLC now owns 6,858 shares of the company’s stock valued at $28,000 after buying an additional 4,360 shares during the period. Cerity Partners LLC increased its position in shares of The Hain Celestial Group by 50.8% during the first quarter. Cerity Partners LLC now owns 16,708 shares of the company’s stock valued at $69,000 after buying an additional 5,625 shares during the period. Wealth Enhancement Advisory Services LLC increased its position in shares of The Hain Celestial Group by 45.6% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 23,592 shares of the company’s stock valued at $98,000 after buying an additional 7,389 shares during the period. Finally, CWM LLC increased its position in shares of The Hain Celestial Group by 106.8% during the first quarter. CWM LLC now owns 15,493 shares of the company’s stock valued at $64,000 after buying an additional 8,000 shares during the period. 97.01% of the stock is currently owned by institutional investors.

The Hain Celestial Group Stock Down 4.3%

Shares of NASDAQ HAIN opened at $1.34 on Friday. The Hain Celestial Group, Inc. has a one year low of $1.30 and a one year high of $9.43. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.91 and a quick ratio of 1.02. The firm’s 50 day simple moving average is $1.69 and its two-hundred day simple moving average is $2.06. The stock has a market capitalization of $120.99 million, a P/E ratio of -0.23 and a beta of 0.82.

The Hain Celestial Group (NASDAQ:HAIN) last issued its quarterly earnings results on Monday, September 15th. The company reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.06). The Hain Celestial Group had a negative net margin of 34.03% and a positive return on equity of 1.10%. The business had revenue of $363.35 million for the quarter, compared to the consensus estimate of $371.58 million. During the same quarter in the previous year, the business earned $0.13 earnings per share. The firm’s revenue was down 13.4% on a year-over-year basis. As a group, analysts expect that The Hain Celestial Group, Inc. will post 0.4 EPS for the current fiscal year.

Insider Buying and Selling

In other The Hain Celestial Group news, Director Neil Campbell purchased 62,640 shares of The Hain Celestial Group stock in a transaction on Friday, September 19th. The shares were acquired at an average cost of $1.52 per share, for a total transaction of $95,212.80. Following the completion of the transaction, the director directly owned 125,569 shares of the company’s stock, valued at approximately $190,864.88. The trade was a 99.54% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Alison Lewis purchased 44,895 shares of The Hain Celestial Group stock in a transaction on Friday, September 19th. The shares were acquired at an average price of $1.50 per share, for a total transaction of $67,342.50. Following the completion of the transaction, the chief executive officer directly owned 74,895 shares of the company’s stock, valued at approximately $112,342.50. The trade was a 149.65% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired 137,535 shares of company stock worth $207,255 over the last quarter. Company insiders own 1.71% of the company’s stock.

Analysts Set New Price Targets

HAIN has been the topic of several analyst reports. Zacks Research cut The Hain Celestial Group from a “hold” rating to a “strong sell” rating in a research report on Wednesday, September 17th. Wall Street Zen cut shares of The Hain Celestial Group from a “hold” rating to a “sell” rating in a research report on Saturday, September 20th. Weiss Ratings restated a “sell (e)” rating on shares of The Hain Celestial Group in a research report on Saturday, September 27th. Mizuho decreased their price objective on shares of The Hain Celestial Group from $2.50 to $1.50 and set a “neutral” rating on the stock in a research report on Tuesday, September 16th. Finally, Barclays decreased their price objective on shares of The Hain Celestial Group from $2.00 to $1.50 and set an “equal weight” rating on the stock in a research report on Wednesday, September 17th. One analyst has rated the stock with a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, The Hain Celestial Group currently has an average rating of “Reduce” and a consensus price target of $3.28.

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.