MQS Management LLC Raises Stake in The Hain Celestial Group, Inc. (NASDAQ:HAIN)

MQS Management LLC boosted its holdings in shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN) by 30.0% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 13,537 shares of the company’s stock after purchasing an additional 3,127 shares during the period. MQS Management LLC’s holdings in The Hain Celestial Group were worth $106,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of HAIN. Norges Bank purchased a new position in The Hain Celestial Group during the 4th quarter worth $7,199,000. Blair William & Co. IL boosted its holdings in shares of The Hain Celestial Group by 418.3% in the first quarter. Blair William & Co. IL now owns 366,948 shares of the company’s stock valued at $2,884,000 after acquiring an additional 296,150 shares in the last quarter. GSA Capital Partners LLP purchased a new stake in shares of The Hain Celestial Group in the first quarter valued at about $1,937,000. Assenagon Asset Management S.A. boosted its holdings in shares of The Hain Celestial Group by 60.3% in the first quarter. Assenagon Asset Management S.A. now owns 610,760 shares of the company’s stock valued at $4,801,000 after acquiring an additional 229,813 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of The Hain Celestial Group by 14.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,863,497 shares of the company’s stock valued at $20,405,000 after acquiring an additional 229,144 shares in the last quarter. 97.01% of the stock is owned by hedge funds and other institutional investors.

The Hain Celestial Group Price Performance

HAIN stock traded up $0.07 during trading on Thursday, reaching $7.44. 799,233 shares of the company were exchanged, compared to its average volume of 1,160,006. The company has a market cap of $668.41 million, a P/E ratio of -7.29 and a beta of 0.77. The Hain Celestial Group, Inc. has a 52-week low of $5.68 and a 52-week high of $13.23. The stock’s 50 day moving average price is $7.20 and its 200 day moving average price is $8.13. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.07 and a current ratio of 2.10.

The Hain Celestial Group (NASDAQ:HAIN) last released its quarterly earnings data on Wednesday, May 8th. The company reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.06. The firm had revenue of $438.36 million for the quarter, compared to the consensus estimate of $463.37 million. The Hain Celestial Group had a negative net margin of 5.14% and a positive return on equity of 2.91%. The firm’s revenue was down 3.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.08 earnings per share. As a group, analysts predict that The Hain Celestial Group, Inc. will post 0.29 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Maxim Group lowered their target price on shares of The Hain Celestial Group from $18.00 to $15.00 and set a “buy” rating on the stock in a report on Thursday, May 9th. Mizuho lowered their target price on shares of The Hain Celestial Group from $10.00 to $8.00 and set a “neutral” rating on the stock in a report on Monday, May 13th. Stifel Nicolaus lowered their target price on shares of The Hain Celestial Group from $10.00 to $8.00 and set a “hold” rating on the stock in a report on Friday, April 26th. Piper Sandler lowered their target price on shares of The Hain Celestial Group from $11.00 to $8.00 and set a “neutral” rating on the stock in a report on Thursday, May 9th. Finally, DA Davidson lowered their target price on shares of The Hain Celestial Group from $10.00 to $8.00 and set a “neutral” rating on the stock in a report on Thursday, May 16th. Eight research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $10.78.

Insiders Place Their Bets

In other The Hain Celestial Group news, insider Chad D. Marquardt bought 10,000 shares of the business’s stock in a transaction on Friday, May 10th. The stock was bought at an average price of $6.95 per share, for a total transaction of $69,500.00. Following the completion of the transaction, the insider now owns 10,000 shares in the company, valued at approximately $69,500. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CFO Lee A. Boyce acquired 13,500 shares of the business’s stock in a transaction dated Monday, May 13th. The stock was acquired at an average price of $7.67 per share, with a total value of $103,545.00. Following the completion of the transaction, the chief financial officer now directly owns 13,500 shares in the company, valued at approximately $103,545. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Chad D. Marquardt acquired 10,000 shares of the business’s stock in a transaction dated Friday, May 10th. The stock was purchased at an average cost of $6.95 per share, with a total value of $69,500.00. Following the transaction, the insider now owns 10,000 shares of the company’s stock, valued at $69,500. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 28,500 shares of company stock worth $207,995. Insiders own 0.72% of the company’s stock.

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.