Point72 Asia Singapore Pte. Ltd. Increases Position in The Hain Celestial Group, Inc. (NASDAQ:HAIN)

Point72 Asia Singapore Pte. Ltd. increased its stake in shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN) by 225.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,954 shares of the company’s stock after buying an additional 3,432 shares during the quarter. Point72 Asia Singapore Pte. Ltd.’s holdings in The Hain Celestial Group were worth $43,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Allworth Financial LP lifted its position in The Hain Celestial Group by 433.5% during the 3rd quarter. Allworth Financial LP now owns 2,982 shares of the company’s stock worth $26,000 after acquiring an additional 2,423 shares during the period. Signaturefd LLC lifted its holdings in shares of The Hain Celestial Group by 125.9% during the second quarter. Signaturefd LLC now owns 3,994 shares of the company’s stock worth $28,000 after purchasing an additional 2,226 shares during the period. nVerses Capital LLC lifted its holdings in shares of The Hain Celestial Group by 161.1% during the second quarter. nVerses Capital LLC now owns 4,700 shares of the company’s stock worth $32,000 after purchasing an additional 2,900 shares during the period. CWM LLC grew its position in The Hain Celestial Group by 357.8% in the 2nd quarter. CWM LLC now owns 8,822 shares of the company’s stock valued at $61,000 after buying an additional 6,895 shares during the last quarter. Finally, Choreo LLC acquired a new position in The Hain Celestial Group in the 2nd quarter valued at $71,000. Institutional investors and hedge funds own 97.01% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Stifel Nicolaus lifted their target price 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. DA Davidson lowered their price objective on 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. Barclays cut 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 note on Monday, November 11th. Finally, Piper Sandler restated a “neutral” rating and issued a $8.00 price target on shares of The Hain Celestial Group in a research note on Thursday, September 19th. Six equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, The Hain Celestial Group has an average rating of “Hold” and an average price target of $9.43.

The Hain Celestial Group Trading Up 0.5 %

Shares of The Hain Celestial Group stock opened at $8.27 on Friday. The company has a 50-day moving average of $8.32 and a two-hundred day moving average of $7.71. The Hain Celestial Group, Inc. has a 12-month low of $5.68 and a 12-month high of $11.68. 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 stock has a market cap of $745.87 million, a PE ratio of -8.80 and a beta of 0.71.

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