Wealthfront Advisers LLC Takes Position in The Hain Celestial Group, Inc. (NASDAQ:HAIN)

Wealthfront Advisers LLC acquired a new stake in shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 60,222,952 shares of the company’s stock, valued at approximately $370,371,000. Wealthfront Advisers LLC owned approximately 0.67% of The Hain Celestial Group at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. State Street Corp lifted its stake in The Hain Celestial Group by 0.4% in the 3rd quarter. State Street Corp now owns 3,464,855 shares of the company’s stock valued at $29,902,000 after acquiring an additional 15,494 shares in the last quarter. Geode Capital Management LLC lifted its stake in The Hain Celestial Group by 6.8% in the 3rd quarter. Geode Capital Management LLC now owns 2,229,181 shares of the company’s stock valued at $19,241,000 after acquiring an additional 142,097 shares in the last quarter. Hotchkis & Wiley Capital Management LLC lifted its stake in The Hain Celestial Group by 54.9% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 1,224,590 shares of the company’s stock valued at $10,568,000 after acquiring an additional 434,070 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its stake in The Hain Celestial Group by 257.0% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 496,842 shares of the company’s stock valued at $4,288,000 after acquiring an additional 357,669 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its stake in The Hain Celestial Group by 3.3% in the 4th quarter. Principal Financial Group Inc. now owns 437,354 shares of the company’s stock valued at $2,690,000 after acquiring an additional 13,849 shares in the last quarter. Institutional investors own 97.01% of the company’s stock.

The Hain Celestial Group Stock Down 1.3 %

NASDAQ:HAIN opened at $4.49 on Tuesday. The firm has a market capitalization of $405.21 million, a price-to-earnings ratio of -2.31 and a beta of 0.83. The Hain Celestial Group, Inc. has a twelve month low of $3.28 and a twelve month high of $9.57. The stock’s 50 day moving average price is $4.72 and its two-hundred day moving average price is $6.85. The company has a quick ratio of 1.00, a current ratio of 1.90 and a debt-to-equity ratio of 0.90.

The Hain Celestial Group (NASDAQ:HAIN) last posted its earnings results on Monday, February 10th. The company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates 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%. Equities research analysts expect that The Hain Celestial Group, Inc. will post 0.4 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have commented on HAIN. JPMorgan Chase & Co. cut their target price on The Hain Celestial Group from $8.00 to $6.00 and set a “neutral” rating on the stock in a research note on Monday, February 3rd. Maxim Group cut their target price on The Hain Celestial Group from $15.00 to $10.00 and set a “buy” rating on the stock in a research note on Tuesday, February 11th. Piper Sandler cut their target price on The Hain Celestial Group from $8.00 to $7.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. DA Davidson lowered their price target on The Hain Celestial Group from $9.00 to $8.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 12th. Finally, Mizuho lowered their price target on The Hain Celestial Group from $7.00 to $4.50 and set a “neutral” rating on the stock in a research report on Tuesday, February 11th. Seven investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $6.56.

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.