Rice Hall James & Associates LLC Makes New Investment in The Hain Celestial Group, Inc. (NASDAQ:HAIN)

Rice Hall James & Associates LLC acquired a new position in shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN) during the fourth quarter, HoldingsChannel reports. The institutional investor acquired 431,215 shares of the company’s stock, valued at approximately $2,652,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Creative Planning raised its holdings in The Hain Celestial Group by 3.6% during the third quarter. Creative Planning now owns 36,298 shares of the company’s stock worth $313,000 after purchasing an additional 1,272 shares in the last quarter. CWM LLC raised its holdings in The Hain Celestial Group by 14.5% during the third quarter. CWM LLC now owns 10,098 shares of the company’s stock worth $87,000 after purchasing an additional 1,276 shares in the last quarter. US Bancorp DE raised its holdings in The Hain Celestial Group by 10.3% during the third quarter. US Bancorp DE now owns 19,518 shares of the company’s stock worth $168,000 after purchasing an additional 1,815 shares in the last quarter. FMR LLC raised its holdings in The Hain Celestial Group by 14.9% during the third quarter. FMR LLC now owns 17,580 shares of the company’s stock worth $152,000 after purchasing an additional 2,280 shares in the last quarter. Finally, Allworth Financial LP increased its holdings in shares of The Hain Celestial Group by 433.5% in the 3rd quarter. Allworth Financial LP now owns 2,982 shares of the company’s stock valued at $26,000 after acquiring an additional 2,423 shares during the period. Institutional investors and hedge funds own 97.01% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on HAIN. JPMorgan Chase & Co. cut their target price on shares of The Hain Celestial Group from $8.00 to $6.00 and set a “neutral” rating on the stock in a report on Monday, February 3rd. Mizuho cut 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. DA Davidson cut their target price on shares of The Hain Celestial Group from $9.00 to $8.00 and set a “neutral” rating on the stock in a report on Tuesday, November 12th. Maxim Group cut 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. Finally, Piper Sandler cut their target price on shares of 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. Seven analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, The Hain Celestial Group currently has a consensus rating of “Hold” and a consensus price target of $6.56.

The Hain Celestial Group Stock Performance

Shares of HAIN opened at $4.00 on Wednesday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.05 and a current ratio of 2.01. The stock has a market capitalization of $360.31 million, a P/E ratio of -4.25 and a beta of 0.74. The company’s fifty day moving average is $5.61 and its two-hundred day moving average is $7.15. The Hain Celestial Group, Inc. has a 1 year low of $3.28 and a 1 year high of $10.07.

The Hain Celestial Group (NASDAQ:HAIN) last announced 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%. On average, sell-side analysts predict that The Hain Celestial Group, Inc. will post 0.43 earnings per share for the current year.

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.