Sageworth Trust Co Buys Shares of 38,088 The Hain Celestial Group, Inc. (NASDAQ:HAIN)

Sageworth Trust Co purchased a new position in shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 38,088 shares of the company’s stock, valued at approximately $234,000.

A number of other institutional investors also recently made changes to their positions in HAIN. Hotchkis & Wiley Capital Management LLC increased its position in The Hain Celestial Group by 54.9% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 1,224,590 shares of the company’s stock worth $10,568,000 after purchasing an additional 434,070 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of The Hain Celestial Group by 257.0% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 496,842 shares of the company’s stock worth $4,288,000 after purchasing an additional 357,669 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of The Hain Celestial Group during the third quarter worth about $2,515,000. Quest Partners LLC raised its position in shares of The Hain Celestial Group by 387.1% in the third quarter. Quest Partners LLC now owns 212,655 shares of the company’s stock valued at $1,835,000 after buying an additional 168,996 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of The Hain Celestial Group by 6.8% during the third quarter. Geode Capital Management LLC now owns 2,229,181 shares of the company’s stock valued at $19,241,000 after buying an additional 142,097 shares during the period. 97.01% of the stock is owned by institutional investors and hedge funds.

The Hain Celestial Group Price Performance

HAIN stock opened at $4.69 on Friday. The company has a market cap of $422.99 million, a PE ratio of -4.99 and a beta of 0.74. 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 50-day moving average price of $6.17 and a two-hundred day moving average price of $7.31. The Hain Celestial Group, Inc. has a 12-month low of $4.47 and a 12-month high of $10.10.

The Hain Celestial Group (NASDAQ:HAIN) last issued its earnings results on Thursday, November 7th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 quarter in the previous year, the firm posted ($0.04) EPS. The firm’s revenue for the quarter was down 7.2% compared to the same quarter last year. As a group, research analysts predict that The Hain Celestial Group, Inc. will post 0.43 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have commented on HAIN shares. Piper Sandler lowered their target price on shares of The Hain Celestial Group from $8.00 to $7.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. JPMorgan Chase & Co. lowered their price objective on The Hain Celestial Group from $8.00 to $6.00 and set a “neutral” rating for the company in a research report on Monday, February 3rd. Barclays reduced their target price on The Hain Celestial Group from $8.00 to $6.00 and set an “equal weight” rating on the stock in a research report on Friday, January 17th. DA Davidson lowered their price target on The Hain Celestial Group from $9.00 to $8.00 and set a “neutral” rating for the company in a report on Tuesday, November 12th. Finally, Stifel Nicolaus cut their price objective on shares of The Hain Celestial Group from $9.00 to $7.00 and set a “hold” rating on the stock in a report on Friday, January 24th. Six investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $8.14.

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.