The Hain Celestial Group, Inc. (NASDAQ:HAIN) Shares Bought by Hotchkis & Wiley Capital Management LLC

Hotchkis & Wiley Capital Management LLC grew its position in shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN) by 54.9% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 1,224,590 shares of the company’s stock after purchasing an additional 434,070 shares during the quarter. Hotchkis & Wiley Capital Management LLC owned 1.36% of The Hain Celestial Group worth $10,568,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. Barrow Hanley Mewhinney & Strauss LLC increased its position in shares of The Hain Celestial Group by 1.1% during the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 5,698,984 shares of the company’s stock valued at $39,380,000 after purchasing an additional 62,865 shares during the period. PGGM Investments boosted its stake in shares of The Hain Celestial Group by 1.3% during the 2nd quarter. PGGM Investments now owns 4,183,854 shares of the company’s stock worth $28,910,000 after acquiring an additional 51,912 shares in the last quarter. Millennium Management LLC boosted its stake in shares of The Hain Celestial Group by 171.3% during the 2nd quarter. Millennium Management LLC now owns 2,634,718 shares of the company’s stock worth $18,206,000 after acquiring an additional 1,663,542 shares in the last quarter. Federated Hermes Inc. boosted its stake in shares of The Hain Celestial Group by 224.9% during the 2nd quarter. Federated Hermes Inc. now owns 860,471 shares of the company’s stock worth $5,946,000 after acquiring an additional 595,649 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of The Hain Celestial Group by 3.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 779,557 shares of the company’s stock worth $5,387,000 after acquiring an additional 25,169 shares in the last quarter. 97.01% of the stock is currently owned by institutional investors and hedge funds.

The Hain Celestial Group Price Performance

HAIN opened at $8.28 on Thursday. The stock has a fifty day moving average price of $8.33 and a 200 day moving average price of $7.69. The company has a current ratio of 2.01, a quick ratio of 1.05 and a debt-to-equity ratio of 0.76. The Hain Celestial Group, Inc. has a 1 year low of $5.68 and a 1 year high of $11.68. The stock has a market cap of $746.81 million, a price-to-earnings ratio of -8.81 and a beta of 0.71.

The Hain Celestial Group (NASDAQ:HAIN) last issued its earnings results on Thursday, November 7th. The company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.02). The Hain Celestial Group had a negative net margin of 4.94% and a positive return on equity of 3.13%. The firm had revenue of $394.60 million during the quarter, compared to analysts’ expectations of $394.24 million. During the same quarter last year, the firm earned ($0.04) EPS. The business’s revenue for the quarter was down 7.2% compared to the same quarter last year. Analysts forecast that The Hain Celestial Group, Inc. will post 0.46 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on HAIN shares. Stifel Nicolaus raised their price objective on The Hain Celestial Group from $8.00 to $9.00 and gave the stock a “hold” rating in a research note on Wednesday, August 28th. Piper Sandler reissued a “neutral” rating and set a $8.00 price objective on shares of The Hain Celestial Group in a research note on Thursday, September 19th. DA Davidson decreased their target price on The Hain Celestial Group from $9.00 to $8.00 and set a “neutral” rating for the company in a research report on Tuesday, November 12th. Finally, Barclays decreased their target price on The Hain Celestial Group from $9.00 to $8.00 and set an “equal weight” rating for the company in a research report on Monday, November 11th. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $9.43.

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.