41,400 Shares in The Hain Celestial Group, Inc. (NASDAQ:HAIN) Purchased by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC purchased a new position in The Hain Celestial Group, Inc. (NASDAQ:HAIN) during the third quarter, HoldingsChannel reports. The firm purchased 41,400 shares of the company’s stock, valued at approximately $357,000.

A number of other hedge funds also recently bought and sold shares of HAIN. Allworth Financial LP boosted its stake in The Hain Celestial Group by 433.5% in the 3rd quarter. Allworth Financial LP now owns 2,982 shares of the company’s stock worth $26,000 after purchasing an additional 2,423 shares in the last quarter. Signaturefd LLC boosted its stake in The Hain Celestial Group by 125.9% in the 2nd 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 boosted 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 worth $32,000 after purchasing an additional 2,900 shares in the last quarter. CWM LLC lifted its stake in The Hain Celestial Group by 357.8% during the 2nd quarter. CWM LLC now owns 8,822 shares of the company’s stock valued at $61,000 after acquiring an additional 6,895 shares during the period. Finally, Choreo LLC bought a new position in The Hain Celestial Group during the 2nd quarter valued at about $71,000. Institutional investors own 97.01% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on HAIN shares. DA Davidson lowered 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 note on Tuesday, November 12th. Stifel Nicolaus upped their target price on shares of The Hain Celestial Group from $8.00 to $9.00 and gave the company a “hold” rating in a research note on Wednesday, August 28th. Barclays lowered 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 set a $8.00 target price on shares of The Hain Celestial Group in a research note on Thursday, September 19th. Six equities 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, The Hain Celestial Group has a consensus rating of “Hold” and a consensus target price of $9.43.

Insider Buying and Selling

In other news, insider Chad D. Marquardt bought 5,300 shares of The Hain Celestial Group stock in a transaction that occurred on Wednesday, September 4th. The stock was bought at an average cost of $8.32 per share, with a total value of $44,096.00. Following the acquisition, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.83% of the stock is currently owned by insiders.

The Hain Celestial Group Price Performance

NASDAQ HAIN opened at $7.24 on Monday. The Hain Celestial Group, Inc. has a 52 week low of $5.68 and a 52 week high of $11.68. The firm has a market capitalization of $653.00 million, a P/E ratio of -7.70 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 company has a 50-day moving average price of $8.27 and a 200-day moving average price of $7.60.

The Hain Celestial Group (NASDAQ:HAIN) last released its quarterly earnings results on Thursday, November 7th. The company reported ($0.04) EPS 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 business had revenue of $394.60 million for the quarter, compared to analysts’ expectations of $394.24 million. During the same period in the previous year, the company earned ($0.04) EPS. The Hain Celestial Group’s revenue for the quarter was down 7.2% compared to the same quarter last year. Equities research analysts anticipate that The Hain Celestial Group, Inc. will post 0.47 earnings per share for the current year.

The Hain Celestial Group 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.