The Hain Celestial Group, Inc. (NASDAQ:HAIN) Shares Bought by Trajan Wealth LLC

Trajan Wealth LLC grew its stake in The Hain Celestial Group, Inc. (NASDAQ:HAIN) by 38.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 24,360 shares of the company’s stock after purchasing an additional 6,745 shares during the period. Trajan Wealth LLC’s holdings in The Hain Celestial Group were worth $210,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of The Hain Celestial Group by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 10,942,729 shares of the company’s stock worth $86,010,000 after acquiring an additional 84,689 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC lifted its stake in The Hain Celestial Group by 1.1% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 5,698,984 shares of the company’s stock worth $39,380,000 after purchasing an additional 62,865 shares in the last quarter. PGGM Investments boosted its position in shares of The Hain Celestial Group by 1.3% during the second quarter. PGGM Investments now owns 4,183,854 shares of the company’s stock worth $28,910,000 after buying an additional 51,912 shares during the period. Millennium Management LLC grew its stake in shares of The Hain Celestial Group by 171.3% in the second quarter. Millennium Management LLC now owns 2,634,718 shares of the company’s stock valued at $18,206,000 after buying an additional 1,663,542 shares in the last quarter. Finally, Invenomic Capital Management LP purchased a new stake in shares of The Hain Celestial Group in the 1st quarter valued at $11,294,000. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at The Hain Celestial Group

In other news, insider Chad D. Marquardt acquired 5,300 shares of the company’s stock in a transaction on Wednesday, September 4th. The shares were bought at an average cost of $8.32 per share, with a total value of $44,096.00. Following the purchase, the insider now owns 15,300 shares of the company’s stock, valued at $127,296. This represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.83% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Piper Sandler reaffirmed a “neutral” rating and issued a $8.00 target price on shares of The Hain Celestial Group in a research report on Thursday, September 19th. DA Davidson reaffirmed a “neutral” rating and set a $8.00 price objective on shares of The Hain Celestial Group in a research report on Wednesday, August 28th. Barclays lifted their price target on The Hain Celestial Group from $7.00 to $9.00 and gave the stock an “equal weight” rating in a report on Thursday, August 29th. Finally, Stifel Nicolaus increased their price objective on The Hain Celestial Group from $8.00 to $9.00 and gave the company a “hold” rating in a report on Wednesday, August 28th. Seven equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, The Hain Celestial Group currently has an average rating of “Hold” and an average price target of $9.57.

The Hain Celestial Group Stock Down 2.1 %

The Hain Celestial Group stock opened at $8.75 on Thursday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.01 and a current ratio of 1.98. The Hain Celestial Group, Inc. has a fifty-two week low of $5.68 and a fifty-two week high of $12.49. The stock has a 50-day simple moving average of $8.21 and a 200-day simple moving average of $7.43. The company has a market capitalization of $786.19 million, a P/E ratio of -10.42 and a beta of 0.75.

The Hain Celestial Group (NASDAQ:HAIN) last issued its quarterly earnings results on Tuesday, August 27th. The company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.05. The Hain Celestial Group had a positive return on equity of 3.10% and a negative net margin of 4.32%. The firm had revenue of $419.00 million for the quarter, compared to analysts’ expectations of $417.99 million. During the same quarter in the previous year, the firm posted $0.11 EPS. The firm’s revenue for the quarter was down 6.4% on a year-over-year basis. Equities research analysts expect that The Hain Celestial Group, Inc. will post 0.48 earnings per share for the current year.

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.