Perkins Capital Management Inc. Purchases Shares of 135,213 The Hain Celestial Group, Inc. (NASDAQ:HAIN)

Perkins Capital Management Inc. acquired a new position in shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 135,213 shares of the company’s stock, valued at approximately $832,000. Perkins Capital Management Inc. owned 0.15% of The Hain Celestial Group at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in HAIN. Wealthfront Advisers LLC purchased a new position in shares of The Hain Celestial Group in the fourth quarter worth about $370,371,000. Madison Investment Advisors LLC purchased a new position in The Hain Celestial Group during the 4th quarter worth approximately $3,583,000. Hotchkis & Wiley Capital Management LLC lifted its stake in The Hain Celestial Group by 54.9% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 1,224,590 shares of the company’s stock valued at $10,568,000 after acquiring an additional 434,070 shares during the period. Rice Hall James & Associates LLC acquired a new stake in The Hain Celestial Group during the 4th quarter valued at approximately $2,652,000. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of The Hain Celestial Group by 257.0% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 496,842 shares of the company’s stock valued at $4,288,000 after acquiring an additional 357,669 shares during the last quarter. 97.01% of the stock is owned by hedge funds and other institutional investors.

The Hain Celestial Group Trading Up 4.5 %

Shares of HAIN stock opened at $3.91 on Monday. The Hain Celestial Group, Inc. has a 1-year low of $3.28 and a 1-year high of $9.43. The company has a market cap of $352.87 million, a price-to-earnings ratio of -2.02 and a beta of 0.83. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.90 and a quick ratio of 1.00. The stock has a 50 day simple moving average of $4.39 and a 200-day simple moving average of $6.60.

The Hain Celestial Group (NASDAQ:HAIN) last posted its quarterly earnings data on Monday, February 10th. The company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.04). The Hain Celestial Group had a positive return on equity of 2.88% and a negative net margin of 10.51%. On average, equities research analysts expect that The Hain Celestial Group, Inc. will post 0.4 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on HAIN shares. Maxim Group decreased their target price on shares of The Hain Celestial Group from $15.00 to $10.00 and set a “buy” rating for the company in a research report on Tuesday, February 11th. Mizuho decreased their price objective on The Hain Celestial Group from $7.00 to $4.50 and set a “neutral” rating for the company in a report on Tuesday, February 11th. Evercore ISI dropped their target price on The Hain Celestial Group from $9.00 to $6.00 and set an “in-line” rating on the stock in a report on Wednesday, February 12th. Barclays decreased their price target on The Hain Celestial Group from $6.00 to $5.00 and set an “equal weight” rating for the company in a report on Tuesday, February 11th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of The Hain Celestial Group from $6.00 to $5.00 and set a “neutral” rating on the stock in a research note on Friday, March 14th. Seven research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, The Hain Celestial Group presently has a consensus rating of “Hold” and an average target price of $6.44.

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.