Inceptionr LLC Acquires New Stake in The Hain Celestial Group, Inc. (NASDAQ:HAIN)

Inceptionr LLC acquired a new stake in shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 27,115 shares of the company’s stock, valued at approximately $167,000.

Other hedge funds have also made changes to their positions in the company. Point72 Asia Singapore Pte. Ltd. increased its stake in shares of The Hain Celestial Group by 225.5% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 4,954 shares of the company’s stock valued at $43,000 after acquiring an additional 3,432 shares during the period. CWA Asset Management Group LLC acquired a new position in shares of The Hain Celestial Group during the third quarter valued at approximately $87,000. Van ECK Associates Corp increased its stake in shares of The Hain Celestial Group by 49.0% during the fourth quarter. Van ECK Associates Corp now owns 10,805 shares of the company’s stock valued at $66,000 after acquiring an additional 3,554 shares during the period. EP Wealth Advisors LLC acquired a new position in shares of The Hain Celestial Group during the third quarter valued at approximately $94,000. Finally, Sanctuary Advisors LLC acquired a new position in shares of The Hain Celestial Group during the third quarter valued at approximately $93,000. Institutional investors and hedge funds own 97.01% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Barclays lowered their price objective on shares of The Hain Celestial Group from $6.00 to $5.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 11th. Piper Sandler decreased their price target on shares of The Hain Celestial Group from $8.00 to $7.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. JPMorgan Chase & Co. decreased their price target on shares of The Hain Celestial Group from $8.00 to $6.00 and set a “neutral” rating on the stock in a research report on Monday, February 3rd. Maxim Group decreased their price target on shares of The Hain Celestial Group from $15.00 to $10.00 and set a “buy” rating on the stock in a research report on Tuesday, February 11th. Finally, Stifel Nicolaus decreased their price target on shares of The Hain Celestial Group from $7.00 to $6.00 and set a “hold” rating on the stock in a research report on Tuesday, February 11th. Seven research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $6.56.

The Hain Celestial Group Trading Down 1.3 %

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

The Hain Celestial Group (NASDAQ:HAIN) last posted its quarterly earnings data on Monday, February 10th. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate 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 analysts anticipate that The Hain Celestial Group, Inc. will post 0.4 EPS for the current year.

The Hain Celestial Group Company 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.