Blair William & Co. IL Buys 31,005 Shares of The Hain Celestial Group, Inc. $HAIN

Blair William & Co. IL raised its stake in shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN) by 15.0% in the second quarter, Holdings Channel.com reports. The firm owned 237,511 shares of the company’s stock after buying an additional 31,005 shares during the period. Blair William & Co. IL’s holdings in The Hain Celestial Group were worth $361,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in HAIN. Millennium Management LLC boosted its stake in The Hain Celestial Group by 295.4% during the 1st quarter. Millennium Management LLC now owns 4,731,690 shares of the company’s stock valued at $19,637,000 after purchasing an additional 3,535,073 shares during the last quarter. AQR Capital Management LLC boosted its stake in The Hain Celestial Group by 151.1% during the 1st quarter. AQR Capital Management LLC now owns 1,066,048 shares of the company’s stock valued at $4,424,000 after purchasing an additional 641,567 shares during the last quarter. Deutsche Bank AG lifted its position in shares of The Hain Celestial Group by 634.0% during the 1st quarter. Deutsche Bank AG now owns 616,908 shares of the company’s stock worth $2,560,000 after buying an additional 532,864 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of The Hain Celestial Group by 32.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,595,704 shares of the company’s stock worth $6,622,000 after buying an additional 391,034 shares in the last quarter. Finally, Assenagon Asset Management S.A. lifted its position in shares of The Hain Celestial Group by 44.7% during the 2nd quarter. Assenagon Asset Management S.A. now owns 820,560 shares of the company’s stock worth $1,247,000 after buying an additional 253,326 shares in the last quarter. Institutional investors and hedge funds own 97.01% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on HAIN. Wall Street Zen cut shares of The Hain Celestial Group from a “hold” rating to a “sell” rating in a research report on Saturday, September 20th. Weiss Ratings reissued a “sell (e+)” rating on shares of The Hain Celestial Group in a research report on Tuesday. Barclays dropped their target price on shares of The Hain Celestial Group from $2.00 to $1.50 and set an “equal weight” rating on the stock in a research report on Wednesday, September 17th. Stephens cut shares of The Hain Celestial Group from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $3.00 to $2.00 in a report on Wednesday, September 17th. Finally, Zacks Research lowered shares of The Hain Celestial Group from a “hold” rating to a “strong sell” rating in a research note on Wednesday, September 17th. One equities research analyst has rated the stock with a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Reduce” and an average price target of $3.28.

The Hain Celestial Group Stock Performance

The Hain Celestial Group stock opened at $1.31 on Friday. The company has a quick ratio of 1.02, a current ratio of 1.91 and a debt-to-equity ratio of 1.47. The company has a market capitalization of $118.28 million, a PE ratio of -0.22 and a beta of 0.82. The firm has a fifty day simple moving average of $1.66 and a two-hundred day simple moving average of $1.97. The Hain Celestial Group, Inc. has a twelve month low of $1.29 and a twelve month high of $9.43.

The Hain Celestial Group (NASDAQ:HAIN) last posted its quarterly earnings results on Monday, September 15th. The company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.06). The business had revenue of $363.35 million during the quarter, compared to the consensus estimate of $371.58 million. The Hain Celestial Group had a positive return on equity of 1.10% and a negative net margin of 34.03%.The business’s revenue for the quarter was down 13.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.13 earnings per share. Research analysts expect that The Hain Celestial Group, Inc. will post 0.4 EPS for the current year.

Insider Activity

In related news, CEO Alison Lewis purchased 44,895 shares of The Hain Celestial Group stock in a transaction that occurred on Friday, September 19th. The shares were bought at an average price of $1.50 per share, for a total transaction of $67,342.50. Following the completion of the transaction, the chief executive officer directly owned 74,895 shares of the company’s stock, valued at $112,342.50. This represents a 149.65% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Neil Campbell purchased 62,640 shares of The Hain Celestial Group stock in a transaction that occurred on Friday, September 19th. The shares were bought at an average price of $1.52 per share, for a total transaction of $95,212.80. Following the transaction, the director directly owned 125,569 shares of the company’s stock, valued at $190,864.88. This trade represents a 99.54% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders have bought 137,535 shares of company stock valued at $207,255. Insiders own 1.71% of the company’s stock.

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.