The Hain Celestial Group, Inc. (NASDAQ:HAIN) Shares Bought by Federated Hermes Inc.

Federated Hermes Inc. boosted its stake in The Hain Celestial Group, Inc. (NASDAQ:HAIN) by 1.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 873,557 shares of the company’s stock after buying an additional 11,679 shares during the period. Federated Hermes Inc.’s holdings in The Hain Celestial Group were worth $5,372,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Van ECK Associates Corp increased its position in shares of The Hain Celestial Group by 49.0% during the fourth quarter. Van ECK Associates Corp now owns 10,805 shares of the company’s stock valued at $66,000 after acquiring an additional 3,554 shares during the last quarter. Virtu Financial LLC acquired a new stake in The Hain Celestial Group in the 4th quarter valued at approximately $73,000. Grace & White Inc. NY purchased a new stake in The Hain Celestial Group in the fourth quarter valued at approximately $86,000. Sanctuary Advisors LLC acquired a new position in The Hain Celestial Group during the third quarter worth $93,000. Finally, EP Wealth Advisors LLC purchased a new position in shares of The Hain Celestial Group during the third quarter worth $94,000. Institutional investors and hedge funds own 97.01% of the company’s stock.

The Hain Celestial Group Stock Down 4.2 %

HAIN stock opened at $3.23 on Friday. The company’s 50 day moving average price is $3.98 and its 200 day moving average price is $6.12. The firm has a market capitalization of $291.50 million, a price-to-earnings ratio of -1.66 and a beta of 0.93. The Hain Celestial Group, Inc. has a fifty-two week low of $3.20 and a fifty-two week high of $9.43. 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 (NASDAQ:HAIN) last announced its quarterly earnings data 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%. On average, equities research analysts anticipate that The Hain Celestial Group, Inc. will post 0.4 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

HAIN has been the topic of several research analyst reports. Evercore ISI cut 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 report on Wednesday, February 12th. Piper Sandler cut their price target on shares of The Hain Celestial Group from $8.00 to $7.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Stifel Nicolaus lowered their price objective on shares of The Hain Celestial Group from $7.00 to $6.00 and set a “hold” rating for the company in a research note on Tuesday, February 11th. Barclays dropped their price objective on shares of The Hain Celestial Group from $6.00 to $5.00 and set an “equal weight” rating for the company in a report on Tuesday, February 11th. Finally, Maxim Group reduced their target price on shares of The Hain Celestial Group from $15.00 to $10.00 and set a “buy” rating on the stock in a report on Tuesday, February 11th. Seven investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, The Hain Celestial Group currently has a consensus rating of “Hold” and an average target price of $6.44.

About The Hain Celestial Group

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.