Charles Schwab Investment Management Inc. Has $13.07 Million Position in 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 14.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,514,178 shares of the company’s stock after selling 259,000 shares during the period. Charles Schwab Investment Management Inc.’s holdings in The Hain Celestial Group were worth $13,067,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD boosted its stake in The Hain Celestial Group by 12.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 60,167 shares of the company’s stock worth $473,000 after buying an additional 6,493 shares in the last quarter. CWM LLC lifted its position in shares of The Hain Celestial Group by 357.8% during the second quarter. CWM LLC now owns 8,822 shares of the company’s stock worth $61,000 after purchasing an additional 6,895 shares in the last quarter. PGGM Investments increased its stake in shares of The Hain Celestial Group by 1.3% in the 2nd quarter. PGGM Investments now owns 4,183,854 shares of the company’s stock valued at $28,910,000 after buying an additional 51,912 shares during the period. Assenagon Asset Management S.A. lifted its position in The Hain Celestial Group by 2.2% during the 2nd quarter. Assenagon Asset Management S.A. now owns 624,187 shares of the company’s stock valued at $4,313,000 after purchasing an additional 13,427 shares during the period. Finally, Bank of New York Mellon Corp grew its holdings in The Hain Celestial Group by 3.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 779,557 shares of the company’s stock worth $5,387,000 after acquiring an additional 25,169 shares during the period. Institutional investors and hedge funds own 97.01% of the company’s stock.

The Hain Celestial Group Stock Performance

HAIN opened at $8.27 on Monday. 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 has a market cap of $745.90 million, a price-to-earnings ratio of -8.80 and a beta of 0.71. The Hain Celestial Group, Inc. has a 12-month low of $5.68 and a 12-month high of $11.68. The business has a 50 day moving average of $8.32 and a 200-day moving average of $7.71.

The Hain Celestial Group (NASDAQ:HAIN) last posted its 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 during the quarter, compared to analyst estimates of $394.24 million. During the same period in the previous year, the company posted ($0.04) EPS. The Hain Celestial Group’s revenue for the quarter was down 7.2% compared to the same quarter last year. On average, equities research analysts expect that The Hain Celestial Group, Inc. will post 0.44 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently commented on HAIN. Piper Sandler reiterated a “neutral” rating and issued a $8.00 price objective on shares of The Hain Celestial Group in a report on Thursday, September 19th. DA Davidson decreased their price target on shares of The Hain Celestial Group from $9.00 to $8.00 and set a “neutral” rating for the company in a research note on Tuesday, November 12th. Barclays lowered their price target on shares of The Hain Celestial Group from $9.00 to $8.00 and set an “equal weight” rating on the stock in a research note on Monday, November 11th. Finally, Stifel Nicolaus raised 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. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $9.43.

About The Hain Celestial Group

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.