Segall Bryant & Hamill LLC Sells 110,638 Shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN)

Segall Bryant & Hamill LLC reduced its holdings in The Hain Celestial Group, Inc. (NASDAQ:HAIN) by 6.7% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,540,536 shares of the company’s stock after selling 110,638 shares during the period. Segall Bryant & Hamill LLC owned approximately 1.71% of The Hain Celestial Group worth $9,474,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the business. Thrivent Financial for Lutherans grew its position in The Hain Celestial Group by 8.7% in the third quarter. Thrivent Financial for Lutherans now owns 81,226 shares of the company’s stock worth $701,000 after acquiring an additional 6,470 shares in the last quarter. Intech Investment Management LLC lifted its stake in shares of The Hain Celestial Group by 93.7% in the 3rd quarter. Intech Investment Management LLC now owns 22,960 shares of the company’s stock valued at $198,000 after purchasing an additional 11,109 shares during the last quarter. Swedbank AB purchased a new position in shares of The Hain Celestial Group in the 3rd quarter worth approximately $216,000. Quantbot Technologies LP increased its position in shares of The Hain Celestial Group by 70.7% during the 3rd quarter. Quantbot Technologies LP now owns 32,561 shares of the company’s stock valued at $281,000 after purchasing an additional 13,485 shares during the last quarter. Finally, FMR LLC raised its holdings in The Hain Celestial Group by 14.9% during the 3rd quarter. FMR LLC now owns 17,580 shares of the company’s stock valued at $152,000 after buying an additional 2,280 shares during the period. 97.01% of the stock is currently owned by institutional investors.

The Hain Celestial Group Stock Performance

The Hain Celestial Group stock opened at $3.91 on Thursday. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.00 and a current ratio of 1.90. The company has a market capitalization of $352.87 million, a PE ratio of -2.02 and a beta of 0.83. The company has a 50 day moving average price of $4.33 and a 200-day moving average price of $6.52. The Hain Celestial Group, Inc. has a fifty-two week low of $3.28 and a fifty-two week high of $9.43.

The Hain Celestial Group (NASDAQ:HAIN) last issued its earnings results 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 negative net margin of 10.51% and a positive return on equity of 2.88%. As a group, equities analysts forecast that The Hain Celestial Group, Inc. will post 0.4 earnings per share for the current year.

Analysts Set New Price Targets

HAIN has been the subject of several recent analyst reports. Stifel Nicolaus dropped their price objective on shares of The Hain Celestial Group from $7.00 to $6.00 and set a “hold” rating for the company in a research note on Tuesday, February 11th. Piper Sandler dropped their price target on shares of The Hain Celestial Group from $8.00 to $7.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Evercore ISI reduced their price objective on shares of The Hain Celestial Group from $9.00 to $6.00 and set an “in-line” rating on the stock in a research report on Wednesday, February 12th. JPMorgan Chase & Co. dropped their target price on The Hain Celestial Group from $6.00 to $5.00 and set a “neutral” rating for the company in a research report on Friday, March 14th. Finally, Barclays reduced their price target on The Hain Celestial Group from $6.00 to $5.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 11th. Seven 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 currently has a consensus rating of “Hold” and a consensus 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.