Madison Investment Advisors LLC Invests $3.58 Million in The Hain Celestial Group, Inc. (NASDAQ:HAIN)

Madison Investment Advisors LLC acquired a new stake in shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 582,645 shares of the company’s stock, valued at approximately $3,583,000. Madison Investment Advisors LLC owned approximately 0.65% of The Hain Celestial Group as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Wealthfront Advisers LLC purchased a new position in shares of The Hain Celestial Group during the 4th quarter valued at $370,371,000. Barclays PLC boosted its position in The Hain Celestial Group by 124.6% during the third quarter. Barclays PLC now owns 182,609 shares of the company’s stock valued at $1,576,000 after purchasing an additional 101,290 shares during the last quarter. Proficio Capital Partners LLC purchased a new position in The Hain Celestial Group in the fourth quarter valued at about $142,000. Rice Hall James & Associates LLC acquired a new position in The Hain Celestial Group in the 4th quarter worth about $2,652,000. Finally, Quest Partners LLC raised its stake in shares of The Hain Celestial Group by 387.1% during the 3rd quarter. Quest Partners LLC now owns 212,655 shares of the company’s stock worth $1,835,000 after purchasing an additional 168,996 shares in the last quarter. Institutional investors and hedge funds own 97.01% of the company’s stock.

Wall Street Analyst Weigh In

HAIN has been the subject of several recent research reports. Mizuho lowered their price target 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. Stifel Nicolaus decreased their target price on shares of The Hain Celestial Group from $7.00 to $6.00 and set a “hold” rating for the company in a research report on Tuesday, February 11th. Maxim Group cut their price target 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. Barclays decreased 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, Evercore ISI cut their target price 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. Seven research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $6.56.

The Hain Celestial Group Stock Up 4.3 %

The Hain Celestial Group stock opened at $4.34 on Friday. The firm has a market cap of $391.67 million, a price-to-earnings ratio of -2.24 and a beta of 0.83. The firm has a fifty day moving average price of $4.62 and a two-hundred day moving average price of $6.81. The Hain Celestial Group, Inc. has a fifty-two week low of $3.28 and a fifty-two week high of $9.43. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.90 and a quick ratio of 1.00.

The Hain Celestial Group (NASDAQ:HAIN) last posted its quarterly earnings data on Monday, February 10th. The company reported $0.08 earnings per share 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%. As a group, analysts forecast that The Hain Celestial Group, Inc. will post 0.4 earnings per share for the current 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.