First Hawaiian Bank Acquires 8,546 Shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN)

First Hawaiian Bank increased its stake in The Hain Celestial Group, Inc. (NASDAQ:HAIN) by 15.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 65,504 shares of the company’s stock after acquiring an additional 8,546 shares during the period. First Hawaiian Bank owned approximately 0.07% of The Hain Celestial Group worth $403,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. Central Pacific Bank Trust Division boosted its holdings in shares of The Hain Celestial Group by 14.9% in the 4th quarter. Central Pacific Bank Trust Division now owns 42,512 shares of the company’s stock worth $261,000 after purchasing an additional 5,517 shares during the period. GAMMA Investing LLC increased its position in The Hain Celestial Group by 20.7% during the fourth quarter. GAMMA Investing LLC now owns 30,650 shares of the company’s stock valued at $188,000 after acquiring an additional 5,250 shares during the last quarter. JPMorgan Chase & Co. increased its position in The Hain Celestial Group by 68.7% during the third quarter. JPMorgan Chase & Co. now owns 320,457 shares of the company’s stock valued at $2,766,000 after acquiring an additional 130,477 shares during the last quarter. Franklin Resources Inc. raised its stake in shares of The Hain Celestial Group by 5.7% in the third quarter. Franklin Resources Inc. now owns 52,507 shares of the company’s stock valued at $445,000 after acquiring an additional 2,814 shares during the period. Finally, Sanctuary Advisors LLC bought a new stake in shares of The Hain Celestial Group in the 3rd quarter worth about $93,000. 97.01% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on HAIN shares. DA Davidson reduced their price objective on shares of The Hain Celestial Group from $9.00 to $8.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 12th. Barclays reduced their price target on The Hain Celestial Group from $9.00 to $8.00 and set an “equal weight” rating on the stock in a report on Monday, November 11th. Finally, Piper Sandler restated a “neutral” rating and set a $8.00 price objective on shares of The Hain Celestial Group in a report on Thursday, September 19th. Six equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $9.43.

The Hain Celestial Group Trading Down 8.2 %

HAIN opened at $4.94 on Friday. The company has a quick ratio of 1.05, a current ratio of 2.01 and a debt-to-equity ratio of 0.76. The stock’s fifty day moving average is $7.28 and its two-hundred day moving average is $7.60. The company has a market capitalization of $445.56 million, a P/E ratio of -5.26 and a beta of 0.76. The Hain Celestial Group, Inc. has a 52 week low of $4.93 and a 52 week high of $11.68.

The Hain Celestial Group (NASDAQ:HAIN) last announced its quarterly earnings results on Thursday, November 7th. The company reported ($0.04) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.02). The Hain Celestial Group had a negative net margin of 4.94% and a positive return on equity of 3.13%. The firm had revenue of $394.60 million for the quarter, compared to analysts’ expectations of $394.24 million. During the same quarter in the prior year, the business posted ($0.04) EPS. The business’s quarterly revenue was down 7.2% on a year-over-year basis. Analysts forecast 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.