Point72 DIFC Ltd Buys Shares of 14,902 The Hain Celestial Group, Inc. (NASDAQ:HAIN)

Point72 DIFC Ltd purchased a new position in The Hain Celestial Group, Inc. (NASDAQ:HAIN) during the 3rd quarter, Holdings Channel reports. The institutional investor purchased 14,902 shares of the company’s stock, valued at approximately $129,000.

A number of other large investors have also made changes to their positions in HAIN. Creative Planning grew its stake in The Hain Celestial Group by 3.6% during the 3rd quarter. Creative Planning now owns 36,298 shares of the company’s stock worth $313,000 after buying an additional 1,272 shares during the last quarter. CWM LLC grew its stake in shares of The Hain Celestial Group by 14.5% during the third quarter. CWM LLC now owns 10,098 shares of the company’s stock worth $87,000 after acquiring an additional 1,276 shares during the last quarter. US Bancorp DE increased its holdings in shares of The Hain Celestial Group by 10.3% during the third quarter. US Bancorp DE now owns 19,518 shares of the company’s stock valued at $168,000 after acquiring an additional 1,815 shares in the last quarter. Signaturefd LLC raised its position in shares of The Hain Celestial Group by 125.9% in the 2nd quarter. Signaturefd LLC now owns 3,994 shares of the company’s stock valued at $28,000 after purchasing an additional 2,226 shares during the last quarter. Finally, FMR LLC boosted its stake in The Hain Celestial Group by 14.9% in the 3rd quarter. FMR LLC now owns 17,580 shares of the company’s stock worth $152,000 after purchasing an additional 2,280 shares in the last quarter. 97.01% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on HAIN shares. DA Davidson cut their price target 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. Barclays reduced their target price on The Hain Celestial Group from $9.00 to $8.00 and set an “equal weight” rating for the company in a research note on Monday, November 11th. Stifel Nicolaus boosted their price target on 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. Finally, Piper Sandler restated a “neutral” rating and issued a $8.00 price objective on shares of The Hain Celestial Group in a research note on Thursday, September 19th. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, The Hain Celestial Group currently has an average rating of “Hold” and an average price target of $9.43.

The Hain Celestial Group Price Performance

Shares of HAIN opened at $8.27 on Monday. The Hain Celestial Group, Inc. has a fifty-two week low of $5.68 and a fifty-two week high of $11.68. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.05 and a current ratio of 2.01. The company has a market capitalization of $745.90 million, a P/E ratio of -8.80 and a beta of 0.71. The business’s 50-day moving average is $8.32 and its two-hundred day moving average is $7.71.

The Hain Celestial Group (NASDAQ:HAIN) last announced its quarterly earnings results on Thursday, November 7th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.02). The company had revenue of $394.60 million during the quarter, compared to analyst estimates of $394.24 million. The Hain Celestial Group had a negative net margin of 4.94% and a positive return on equity of 3.13%. The company’s revenue was down 7.2% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.04) earnings per share. Research analysts predict that The Hain Celestial Group, Inc. will post 0.44 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.