Clearbridge Investments LLC Increases Stock Position in The Hain Celestial Group, Inc. (NASDAQ:HAIN)

Clearbridge Investments LLC grew its stake in The Hain Celestial Group, Inc. (NASDAQ:HAIN) by 16.8% during the fourth quarter, Holdings Channel.com reports. The fund owned 1,283,033 shares of the company’s stock after acquiring an additional 184,620 shares during the period. Clearbridge Investments LLC’s holdings in The Hain Celestial Group were worth $7,891,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. Point72 Asia Singapore Pte. Ltd. raised its position in The Hain Celestial Group by 225.5% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 4,954 shares of the company’s stock valued at $43,000 after purchasing an additional 3,432 shares during the period. Van ECK Associates Corp raised its holdings in shares of The Hain Celestial Group by 49.0% in the 4th quarter. Van ECK Associates Corp now owns 10,805 shares of the company’s stock valued at $66,000 after buying an additional 3,554 shares during the period. Virtu Financial LLC acquired a new position in The Hain Celestial Group during the 4th quarter worth about $73,000. Grace & White Inc. NY purchased a new position in The Hain Celestial Group during the 4th quarter valued at about $86,000. Finally, Sanctuary Advisors LLC acquired a new position in The Hain Celestial Group in the 3rd quarter valued at about $93,000. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently commented on HAIN. Piper Sandler lowered their price objective on shares of The Hain Celestial Group from $8.00 to $7.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Evercore ISI reduced 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 note on Wednesday, February 12th. 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 research note on Friday, March 14th. Stifel Nicolaus decreased their price objective on 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. Finally, Mizuho reduced their target price on shares of The Hain Celestial Group from $7.00 to $4.50 and set a “neutral” rating on the stock in a report on Tuesday, February 11th. Seven research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $6.44.

The Hain Celestial Group Stock Performance

Shares of The Hain Celestial Group stock opened at $4.05 on Thursday. 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 $3.28 and a 52 week high of $9.43. The firm’s 50 day moving average is $4.27 and its two-hundred day moving average is $6.38. The firm has a market capitalization of $365.50 million, a P/E ratio of -2.09 and a beta of 0.93.

The Hain Celestial Group (NASDAQ:HAIN) last announced its quarterly earnings results on Monday, February 10th. The company reported $0.08 EPS for the quarter, missing the consensus estimate 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%. Research analysts forecast that The Hain Celestial Group, Inc. will post 0.4 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.