The Hain Celestial Group, Inc. (NASDAQ:HAIN) Shares Sold by Point72 Asset Management L.P.

Point72 Asset Management L.P. trimmed its position in The Hain Celestial Group, Inc. (NASDAQ:HAIN) by 29.1% during the 3rd quarter, Holdings Channel.com reports. The fund owned 165,600 shares of the company’s stock after selling 67,820 shares during the period. Point72 Asset Management L.P.’s holdings in The Hain Celestial Group were worth $1,429,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the company. Creative Planning increased its position in shares of The Hain Celestial Group by 3.6% in the 3rd quarter. Creative Planning now owns 36,298 shares of the company’s stock valued at $313,000 after acquiring an additional 1,272 shares during the period. CWM LLC increased its position in shares of The Hain Celestial Group by 14.5% in the 3rd quarter. CWM LLC now owns 10,098 shares of the company’s stock valued at $87,000 after acquiring an additional 1,276 shares during the period. US Bancorp DE increased its position in shares of The Hain Celestial Group by 10.3% in the 3rd quarter. US Bancorp DE now owns 19,518 shares of the company’s stock valued at $168,000 after acquiring an additional 1,815 shares during the period. Signaturefd LLC increased its position in shares of The Hain Celestial Group by 125.9% in the 2nd quarter. Signaturefd LLC now owns 3,994 shares of the company’s stock valued at $28,000 after acquiring an additional 2,226 shares during the period. Finally, FMR LLC increased its position in shares of The Hain Celestial Group by 14.9% in the 3rd quarter. FMR LLC now owns 17,580 shares of the company’s stock valued at $152,000 after acquiring an additional 2,280 shares during the period. 97.01% of the stock is owned by institutional investors and hedge funds.

The Hain Celestial Group Trading Up 0.1 %

HAIN stock opened at $8.08 on Wednesday. The company’s 50-day simple moving average is $8.29 and its 200-day simple moving average is $7.72. The company has a quick ratio of 1.05, a current ratio of 2.01 and a debt-to-equity ratio of 0.76. The Hain Celestial Group, Inc. has a 52-week low of $5.68 and a 52-week high of $11.68. The firm has a market cap of $728.74 million, a P/E ratio of -8.60 and a beta of 0.72.

The Hain Celestial Group (NASDAQ:HAIN) last posted its earnings results on Thursday, November 7th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.02). The Hain Celestial Group had a positive return on equity of 3.13% and a negative net margin of 4.94%. The firm had revenue of $394.60 million for the quarter, compared to analysts’ expectations of $394.24 million. During the same period in the previous year, the company earned ($0.04) earnings per share. The company’s revenue was down 7.2% compared to the same quarter last year. As a group, equities analysts forecast that The Hain Celestial Group, Inc. will post 0.44 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on HAIN. Barclays cut their target price on The Hain Celestial Group from $9.00 to $8.00 and set an “equal weight” rating on the stock in a research report on Monday, November 11th. DA Davidson lowered their price target 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. Stifel Nicolaus upped their price target on shares of The Hain Celestial Group from $8.00 to $9.00 and gave the company a “hold” rating in a report on Wednesday, August 28th. Finally, Piper Sandler reaffirmed a “neutral” rating and issued a $8.00 price target on shares of The Hain Celestial Group in a report on Thursday, September 19th. Six equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, The Hain Celestial Group currently has a consensus rating of “Hold” and an average target price of $9.43.

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.