Perkins Capital Management Inc. Takes Position in The Hain Celestial Group, Inc. (NASDAQ:HAIN)

Perkins Capital Management Inc. purchased a new position in The Hain Celestial Group, Inc. (NASDAQ:HAIN) during the 4th quarter, HoldingsChannel reports. The fund purchased 135,213 shares of the company’s stock, valued at approximately $832,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of HAIN. Point72 Asia Singapore Pte. Ltd. boosted its holdings in shares of The Hain Celestial Group by 225.5% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 4,954 shares of the company’s stock worth $43,000 after purchasing an additional 3,432 shares during the last quarter. Van ECK Associates Corp boosted its stake in 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 worth $66,000 after buying an additional 3,554 shares during the last quarter. EP Wealth Advisors LLC purchased a new stake in The Hain Celestial Group in the 3rd quarter valued at $94,000. Sanctuary Advisors LLC acquired a new stake in shares of The Hain Celestial Group in the 3rd quarter worth $93,000. Finally, Virtu Financial LLC purchased a new position in shares of The Hain Celestial Group during the 4th quarter worth $73,000. 97.01% of the stock is currently owned by institutional investors and hedge funds.

The Hain Celestial Group Stock Up 4.5 %

Shares of NASDAQ HAIN opened at $3.91 on Monday. 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 business’s 50 day moving average is $4.39 and its two-hundred day moving average is $6.60. The Hain Celestial Group, Inc. has a 52-week low of $3.28 and a 52-week high of $9.43. The firm has a market cap of $352.87 million, a price-to-earnings ratio of -2.02 and a beta of 0.83.

The Hain Celestial Group (NASDAQ:HAIN) last posted its quarterly earnings data on Monday, February 10th. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.04). The Hain Celestial Group had a negative net margin of 10.51% and a positive return on equity of 2.88%. Research analysts predict that The Hain Celestial Group, Inc. will post 0.4 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on HAIN shares. Stifel Nicolaus dropped their price objective on shares of The Hain Celestial Group from $7.00 to $6.00 and set a “hold” rating for the company in a report on Tuesday, February 11th. Piper Sandler dropped their price target 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. Maxim Group reduced 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. Mizuho lowered their price objective on The Hain Celestial Group from $7.00 to $4.50 and set a “neutral” rating for the company in a research report on Tuesday, February 11th. Finally, Evercore ISI reduced their target price on The Hain Celestial Group from $9.00 to $6.00 and set an “in-line” rating on the stock in a research report on Wednesday, February 12th. Seven 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.com, the company currently has an average rating of “Hold” and a consensus target price of $6.44.

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.