Janney Montgomery Scott LLC Sells 13,919 Shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN)

Janney Montgomery Scott LLC lowered its stake in shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN) by 11.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 105,816 shares of the company’s stock after selling 13,919 shares during the quarter. Janney Montgomery Scott LLC’s holdings in The Hain Celestial Group were worth $913,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in HAIN. Millennium Management LLC grew its holdings in 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 worth $18,206,000 after purchasing an additional 1,663,542 shares during the last quarter. Invenomic Capital Management LP purchased a new position in The Hain Celestial Group during the 1st quarter worth $11,294,000. Federated Hermes Inc. increased its position in The Hain Celestial Group by 224.9% during the 2nd quarter. Federated Hermes Inc. now owns 860,471 shares of the company’s stock valued at $5,946,000 after buying an additional 595,649 shares in the last quarter. AQR Capital Management LLC purchased a new stake in The Hain Celestial Group in the second quarter valued at about $3,942,000. Finally, Blair William & Co. IL boosted its holdings in 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 worth $2,884,000 after acquiring an additional 296,150 shares in the last quarter. Hedge funds and other institutional investors own 97.01% of the company’s stock.

The Hain Celestial Group Stock Up 5.5 %

The Hain Celestial Group stock opened at $7.24 on Friday. The business’s 50-day moving average price is $8.27 and its 200 day moving average price is $7.59. 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 firm has a market cap of $652.98 million, a price-to-earnings ratio of -7.70 and a beta of 0.74. The Hain Celestial Group, Inc. has a 52 week low of $5.68 and a 52 week high of $11.68.

The Hain Celestial Group (NASDAQ:HAIN) last posted its earnings results on Thursday, November 7th. The company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.02). The Hain Celestial Group had a negative net margin of 4.94% and a positive return on equity of 3.13%. The firm had revenue of $394.60 million for the quarter, compared to analysts’ expectations of $394.24 million. During the same period last year, the firm earned ($0.04) earnings per share. The Hain Celestial Group’s revenue for the quarter was down 7.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that The Hain Celestial Group, Inc. will post 0.46 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on HAIN. Piper Sandler restated a “neutral” rating and set a $8.00 price objective on shares of The Hain Celestial Group in a report on Thursday, September 19th. DA Davidson dropped their target price on shares of The Hain Celestial Group from $9.00 to $8.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 12th. Stifel Nicolaus raised their price target on shares of The Hain Celestial Group from $8.00 to $9.00 and gave the stock a “hold” rating in a report on Wednesday, August 28th. Finally, Barclays dropped their price objective on shares of The Hain Celestial Group from $9.00 to $8.00 and set an “equal weight” rating on the stock in a report on Monday, November 11th. Six research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $9.43.

Insider Transactions at The Hain Celestial Group

In related news, insider Chad D. Marquardt purchased 5,300 shares of the company’s stock in a transaction that occurred on Wednesday, September 4th. The shares were purchased at an average price 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. The trade was a 53.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.83% of the company’s stock.

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.