Segall Bryant & Hamill LLC Cuts Stake in The Hain Celestial Group, Inc. (NASDAQ:HAIN)

Segall Bryant & Hamill LLC cut its stake in The Hain Celestial Group, Inc. (NASDAQ:HAIN) by 3.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,651,174 shares of the company’s stock after selling 61,418 shares during the quarter. Segall Bryant & Hamill LLC owned approximately 1.84% of The Hain Celestial Group worth $14,250,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Allworth Financial LP raised its holdings in shares of The Hain Celestial Group by 433.5% during the third quarter. Allworth Financial LP now owns 2,982 shares of the company’s stock valued at $26,000 after acquiring an additional 2,423 shares during the last quarter. Signaturefd LLC increased its position 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 in the last quarter. nVerses Capital LLC raised its stake in The Hain Celestial Group by 161.1% in the 2nd quarter. nVerses Capital LLC now owns 4,700 shares of the company’s stock valued at $32,000 after purchasing an additional 2,900 shares during the last quarter. CWM LLC lifted its holdings 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 purchasing an additional 6,895 shares in the last quarter. Finally, Choreo LLC acquired a new stake in The Hain Celestial Group during the 2nd quarter worth $71,000. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at The Hain Celestial Group

In other news, insider Chad D. Marquardt acquired 5,300 shares of the business’s stock in a transaction that occurred on Wednesday, September 4th. The shares were purchased at an average price of $8.32 per share, for a total transaction of $44,096.00. Following the acquisition, the insider now owns 15,300 shares of the company’s stock, valued at $127,296. This represents a 53.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.83% of the company’s stock.

Wall Street Analyst Weigh In

HAIN has been the subject of a number of recent research reports. DA Davidson reduced their target price on shares of The Hain Celestial Group from $9.00 to $8.00 and set a “neutral” rating for the company in a research report on Tuesday, November 12th. Stifel Nicolaus increased their price objective 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. Barclays decreased their target price on shares of The Hain Celestial Group from $9.00 to $8.00 and set an “equal weight” rating on the stock 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 report on Thursday, September 19th. Six analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, The Hain Celestial Group currently has a consensus rating of “Hold” and a consensus price target of $9.43.

The Hain Celestial Group Price Performance

NASDAQ:HAIN opened at $7.42 on Thursday. The Hain Celestial Group, Inc. has a 52 week low of $5.68 and a 52 week high of $11.68. The stock’s fifty day moving average is $8.23 and its two-hundred day moving average is $7.61. The company has a market capitalization of $669.21 million, a P/E ratio of -7.89 and a beta of 0.74. The company has a quick ratio of 1.05, a current ratio of 2.01 and a debt-to-equity ratio of 0.76.

The Hain Celestial Group (NASDAQ:HAIN) last issued its quarterly earnings data on Thursday, November 7th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.02). The company 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 firm’s quarterly revenue was down 7.2% on a year-over-year basis. During the same quarter last year, the firm posted ($0.04) earnings per share. Equities analysts expect that The Hain Celestial Group, Inc. will post 0.47 EPS 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.