MQS Management LLC Increases Stock Position in The Hain Celestial Group, Inc. (NASDAQ:HAIN)

MQS Management LLC increased its position in The Hain Celestial Group, Inc. (NASDAQ:HAIN) by 30.0% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 13,537 shares of the company’s stock after acquiring an additional 3,127 shares during the period. MQS Management LLC’s holdings in The Hain Celestial Group were worth $106,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Signaturefd LLC raised its stake in The Hain Celestial Group by 265.2% during the 4th quarter. Signaturefd LLC now owns 4,127 shares of the company’s stock valued at $45,000 after buying an additional 2,997 shares during the last quarter. Quadrant Capital Group LLC raised its stake in The Hain Celestial Group by 204.3% during the 4th quarter. Quadrant Capital Group LLC now owns 8,221 shares of the company’s stock valued at $90,000 after buying an additional 5,519 shares during the last quarter. Oak Thistle LLC purchased a new stake in The Hain Celestial Group during the 4th quarter valued at $111,000. First Trust Direct Indexing L.P. raised its stake in The Hain Celestial Group by 13.0% during the 1st quarter. First Trust Direct Indexing L.P. now owns 16,404 shares of the company’s stock valued at $129,000 after buying an additional 1,885 shares during the last quarter. Finally, New Mexico Educational Retirement Board purchased a new stake in The Hain Celestial Group during the 1st quarter valued at $134,000. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

The Hain Celestial Group Price Performance

HAIN stock traded up $0.07 during mid-day trading on Thursday, hitting $7.44. The company had a trading volume of 799,233 shares, compared to its average volume of 1,160,006. The company has a market capitalization of $668.41 million, a price-to-earnings ratio of -7.29 and a beta of 0.77. The Hain Celestial Group, Inc. has a 12-month low of $5.68 and a 12-month high of $13.23. The company has a quick ratio of 1.07, a current ratio of 2.10 and a debt-to-equity ratio of 0.82. The company has a 50-day moving average price of $7.20 and a 200 day moving average price of $8.13.

The Hain Celestial Group (NASDAQ:HAIN) last announced its quarterly earnings results on Wednesday, May 8th. The company reported $0.13 EPS for the quarter, topping the consensus estimate of $0.07 by $0.06. The business had revenue of $438.36 million for the quarter, compared to analysts’ expectations of $463.37 million. The Hain Celestial Group had a negative net margin of 5.14% and a positive return on equity of 2.91%. The business’s quarterly revenue was down 3.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.08 EPS. On average, research analysts anticipate that The Hain Celestial Group, Inc. will post 0.29 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on HAIN shares. Barclays decreased their target price on shares of The Hain Celestial Group from $8.00 to $7.00 and set an “equal weight” rating for the company in a research note on Friday, May 10th. Piper Sandler cut their price objective on shares of The Hain Celestial Group from $11.00 to $8.00 and set a “neutral” rating for the company in a research report on Thursday, May 9th. Mizuho cut their price objective on shares of The Hain Celestial Group from $10.00 to $8.00 and set a “neutral” rating for the company in a research report on Monday, May 13th. DA Davidson dropped their target price on shares of The Hain Celestial Group from $10.00 to $8.00 and set a “neutral” rating for the company in a report on Thursday, May 16th. Finally, Stifel Nicolaus dropped their target price on shares of The Hain Celestial Group from $10.00 to $8.00 and set a “hold” rating for the company in a report on Friday, April 26th. Eight analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, The Hain Celestial Group currently has an average rating of “Hold” and a consensus price target of $10.78.

Insiders Place Their Bets

In other The Hain Celestial Group news, insider Chad D. Marquardt bought 10,000 shares of the firm’s stock in a transaction dated Friday, May 10th. The shares were purchased at an average cost of $6.95 per share, for a total transaction of $69,500.00. Following the transaction, the insider now owns 10,000 shares of the company’s stock, valued at $69,500. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, CEO Wendy P. Davidson bought 5,000 shares of the company’s stock in a transaction on Friday, May 10th. The shares were acquired at an average cost of $6.99 per share, for a total transaction of $34,950.00. Following the purchase, the chief executive officer now directly owns 63,309 shares of the company’s stock, valued at $442,529.91. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Chad D. Marquardt bought 10,000 shares of the company’s stock in a transaction on Friday, May 10th. The stock was bought at an average price of $6.95 per share, for a total transaction of $69,500.00. Following the completion of the purchase, the insider now directly owns 10,000 shares in the company, valued at $69,500. The disclosure for this purchase can be found here. Insiders have purchased a total of 28,500 shares of company stock worth $207,995 in the last 90 days. 0.72% of the stock is currently owned by corporate insiders.

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.