Point72 Asset Management L.P. Trims Holdings in The Hain Celestial Group, Inc. (NASDAQ:HAIN)

Point72 Asset Management L.P. decreased its stake in shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN) by 80.3% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 32,606 shares of the company’s stock after selling 132,994 shares during the quarter. Point72 Asset Management L.P.’s holdings in The Hain Celestial Group were worth $201,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Wealthfront Advisers LLC purchased a new stake in The Hain Celestial Group in the fourth quarter valued at $370,371,000. Barrow Hanley Mewhinney & Strauss LLC raised its position 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 purchasing an additional 555,195 shares during the period. Invesco Ltd. raised its position in The Hain Celestial Group by 272.4% in the fourth quarter. Invesco Ltd. now owns 5,870,075 shares of the company’s stock valued at $36,101,000 after purchasing an additional 4,293,945 shares during the period. Frontier Capital Management Co. LLC raised its position in The Hain Celestial Group by 512.0% in the fourth quarter. Frontier Capital Management Co. LLC now owns 2,520,722 shares of the company’s stock valued at $15,502,000 after purchasing an additional 2,108,845 shares during the period. Finally, Wellington Management Group LLP purchased a new stake in The Hain Celestial Group in the fourth quarter valued at $14,322,000. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on HAIN shares. Barclays reduced their target price on The Hain Celestial Group from $4.00 to $2.00 and set an “equal weight” rating on the stock in a research report on Monday, May 12th. Stifel Nicolaus reduced their target price on The Hain Celestial Group from $4.00 to $1.50 and set a “hold” rating on the stock in a research report on Thursday, May 8th. CL King reaffirmed a “neutral” rating on shares of The Hain Celestial Group in a research note on Thursday, May 8th. Mizuho dropped their price objective on The Hain Celestial Group from $7.00 to $4.50 and set a “neutral” rating for the company in a research note on Tuesday, February 11th. Finally, Sanford C. Bernstein cut The Hain Celestial Group from an “outperform” rating to a “market perform” rating and set a $1.50 price objective for the company. in a research note on Thursday, May 8th. Nine analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $4.39.

The Hain Celestial Group Trading Down 2.6%

Shares of NASDAQ HAIN opened at $1.87 on Friday. The Hain Celestial Group, Inc. has a twelve month low of $1.30 and a twelve month high of $9.43. The company has a current ratio of 1.90, a quick ratio of 1.00 and a debt-to-equity ratio of 0.90. The stock has a fifty day simple moving average of $2.98 and a 200-day simple moving average of $4.82. The stock has a market capitalization of $168.77 million, a PE ratio of -0.96 and a beta of 1.05.

The Hain Celestial Group (NASDAQ:HAIN) last released its earnings results on Wednesday, May 7th. The company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.05). The Hain Celestial Group had a positive return on equity of 2.88% and a negative net margin of 10.51%. The company had revenue of $390.35 million for the quarter, compared to analyst estimates of $414.45 million. During the same period in the previous year, the firm earned $0.13 earnings per share. The company’s revenue for the quarter was down 10.9% compared to the same quarter last year. On average, equities analysts forecast that The Hain Celestial Group, Inc. will post 0.4 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Neil Campbell bought 25,640 shares of the stock in a transaction that occurred on Thursday, May 22nd. The stock was purchased at an average cost of $1.93 per share, with a total value of $49,485.20. Following the purchase, the director now directly owns 62,929 shares of the company’s stock, valued at $121,452.97. This trade represents a 68.76% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Dawn M. Zier bought 200,000 shares of the stock in a transaction that occurred on Friday, May 9th. The shares were bought at an average cost of $1.60 per share, with a total value of $320,000.00. Following the completion of the purchase, the director now directly owns 288,229 shares in the company, valued at $461,166.40. This represents a 226.68% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased 308,640 shares of company stock valued at $518,055 in the last three months. 0.83% of the stock is owned by corporate insiders.

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.