44,900 Shares in The Hain Celestial Group, Inc. (NASDAQ:HAIN) Purchased by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System bought a new position in The Hain Celestial Group, Inc. (NASDAQ:HAIN) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 44,900 shares of the company’s stock, valued at approximately $492,000. Louisiana State Employees Retirement System owned about 0.05% of The Hain Celestial Group as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Cary Street Partners Investment Advisory LLC grew its holdings in shares of The Hain Celestial Group by 1,647.1% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 4,455 shares of the company’s stock worth $46,000 after purchasing an additional 4,200 shares in the last quarter. CWM LLC grew its stake in The Hain Celestial Group by 231.8% in the 3rd quarter. CWM LLC now owns 4,556 shares of the company’s stock worth $47,000 after buying an additional 3,183 shares in the last quarter. Oak Thistle LLC bought a new position in shares of The Hain Celestial Group in the 4th quarter worth $111,000. PNC Financial Services Group Inc. raised its position in shares of The Hain Celestial Group by 146.4% during the 3rd quarter. PNC Financial Services Group Inc. now owns 11,743 shares of the company’s stock valued at $122,000 after buying an additional 6,978 shares in the last quarter. Finally, Sequoia Financial Advisors LLC bought a new stake in shares of The Hain Celestial Group during the 3rd quarter worth $136,000. Hedge funds and other institutional investors own 97.01% of the company’s stock.

The Hain Celestial Group Stock Performance

NASDAQ:HAIN opened at $6.27 on Tuesday. The business has a 50 day moving average price of $7.87 and a 200-day moving average price of $9.75. The Hain Celestial Group, Inc. has a fifty-two week low of $5.68 and a fifty-two week high of $18.25. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.14 and a current ratio of 2.24. The firm has a market cap of $563.23 million, a PE ratio of -3.54 and a beta of 0.68.

The Hain Celestial Group (NASDAQ:HAIN) last released its quarterly earnings data on Wednesday, February 7th. The company reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.01. The firm had revenue of $454.10 million for the quarter, compared to analysts’ expectations of $461.31 million. The Hain Celestial Group had a negative net margin of 8.88% and a positive return on equity of 2.48%. The company’s revenue for the quarter was up .0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.20 earnings per share. Equities research analysts predict that The Hain Celestial Group, Inc. will post 0.29 earnings per share for the current year.

Insider Buying and Selling at The Hain Celestial Group

In other The Hain Celestial Group news, CEO Wendy P. Davidson bought 5,000 shares of The Hain Celestial Group stock in a transaction dated Tuesday, February 13th. The shares were purchased at an average cost of $9.46 per share, with a total value of $47,300.00. Following the completion of the purchase, the chief executive officer now owns 58,309 shares of the company’s stock, valued at $551,603.14. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.72% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have weighed in on HAIN. Stifel Nicolaus lowered their price target on The Hain Celestial Group from $10.00 to $8.00 and set a “hold” rating on the stock in a research report on Friday. JPMorgan Chase & Co. dropped their target price on The Hain Celestial Group from $11.00 to $10.00 and set a “neutral” rating for the company in a research report on Thursday, February 8th. Barclays cut their target price on The Hain Celestial Group from $11.00 to $8.00 and set an “equal weight” rating for the company in a research note on Friday, April 12th. Mizuho decreased their price target on shares of The Hain Celestial Group from $11.00 to $10.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 3rd. Finally, DA Davidson began coverage on shares of The Hain Celestial Group in a research note on Friday, March 1st. They issued a “neutral” rating and a $10.00 price objective for the company. Eight analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, The Hain Celestial Group has an average rating of “Hold” and a consensus target price of $12.70.

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.