Charles Schwab Investment Management Inc. Sells 309,508 Shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN)

Charles Schwab Investment Management Inc. reduced its stake in shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN) by 20.4% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 1,204,670 shares of the company’s stock after selling 309,508 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in The Hain Celestial Group were worth $7,409,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of HAIN. Barclays PLC increased its stake in shares of The Hain Celestial Group by 124.6% in the third quarter. Barclays PLC now owns 182,609 shares of the company’s stock worth $1,576,000 after purchasing an additional 101,290 shares during the period. Proficio Capital Partners LLC acquired a new position in shares of The Hain Celestial Group during the 4th quarter worth about $142,000. Rice Hall James & Associates LLC acquired a new position in shares of The Hain Celestial Group during the 4th quarter worth about $2,652,000. Geode Capital Management LLC lifted its position in shares of The Hain Celestial Group by 6.8% during the 3rd quarter. Geode Capital Management LLC now owns 2,229,181 shares of the company’s stock worth $19,241,000 after purchasing an additional 142,097 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of The Hain Celestial Group during the 3rd quarter worth about $2,515,000. 97.01% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

HAIN has been the subject of several research analyst reports. Stifel Nicolaus cut their price objective on The Hain Celestial Group from $7.00 to $6.00 and set a “hold” rating for the company in a research report on Tuesday, February 11th. Evercore ISI cut their price objective on The Hain Celestial Group from $9.00 to $6.00 and set an “in-line” rating for the company in a research report on Wednesday, February 12th. Piper Sandler cut their price objective on The Hain Celestial Group from $8.00 to $7.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Mizuho cut their price objective on The Hain Celestial Group from $7.00 to $4.50 and set a “neutral” rating for the company in a research report on Tuesday, February 11th. Finally, Barclays lowered 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 research note on Tuesday, February 11th. Seven equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, The Hain Celestial Group currently has an average rating of “Hold” and a consensus target price of $6.44.

The Hain Celestial Group Trading Up 4.5 %

Shares of HAIN opened at $3.91 on Monday. The Hain Celestial Group, Inc. has a 12-month low of $3.28 and a 12-month high of $9.43. The company has a quick ratio of 1.00, a current ratio of 1.90 and a debt-to-equity ratio of 0.90. The firm has a market capitalization of $352.87 million, a price-to-earnings ratio of -2.02 and a beta of 0.83. The stock’s 50-day moving average price is $4.39 and its 200 day moving average price is $6.60.

The Hain Celestial Group (NASDAQ:HAIN) last released its quarterly earnings data on Monday, February 10th. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate 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, research analysts predict that The Hain Celestial Group, Inc. will post 0.4 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.