Wellington Management Group LLP Takes Position in The Hain Celestial Group, Inc. (NASDAQ:HAIN)

Wellington Management Group LLP purchased a new stake in The Hain Celestial Group, Inc. (NASDAQ:HAIN) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 2,328,823 shares of the company’s stock, valued at approximately $14,322,000. Wellington Management Group LLP owned about 2.58% of The Hain Celestial Group as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Van ECK Associates Corp lifted its stake in shares of The Hain Celestial Group by 49.0% in the 4th quarter. Van ECK Associates Corp now owns 10,805 shares of the company’s stock valued at $66,000 after acquiring an additional 3,554 shares during the last quarter. Virtu Financial LLC bought a new position in The Hain Celestial Group during the 4th quarter worth $73,000. Grace & White Inc. NY bought a new position in The Hain Celestial Group during the 4th quarter worth $86,000. Polymer Capital Management US LLC bought a new position in The Hain Celestial Group during the 4th quarter worth $90,000. Finally, Union Bancaire Privee UBP SA bought a new position in The Hain Celestial Group during the 4th quarter worth $97,000. 97.01% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently issued reports on HAIN shares. CL King reaffirmed a “neutral” rating on shares of The Hain Celestial Group in a research report on Thursday, May 8th. Mizuho lowered their target price on The Hain Celestial Group from $3.50 to $3.00 and set a “neutral” rating for the company in a research report on Wednesday, May 28th. Maxim Group lowered their target price on The Hain Celestial Group from $10.00 to $5.00 and set a “buy” rating for the company in a research report on Thursday, May 8th. Evercore ISI lowered their target price on The Hain Celestial Group from $6.00 to $5.00 and set an “in-line” rating for the company in a research report on Wednesday, April 23rd. Finally, Stifel Nicolaus lowered their target price on The Hain Celestial Group from $4.00 to $1.50 and set a “hold” rating for the company in a research report on Thursday, May 8th. Nine analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $4.22.

The Hain Celestial Group Stock Performance

Shares of The Hain Celestial Group stock opened at $1.88 on Monday. The company has a current ratio of 1.90, a quick ratio of 1.00 and a debt-to-equity ratio of 0.90. The business has a 50-day moving average price of $2.79 and a two-hundred day moving average price of $4.62. The Hain Celestial Group, Inc. has a 1-year low of $1.30 and a 1-year high of $9.43. The company has a market cap of $169.68 million, a P/E ratio of -0.97 and a beta of 1.05.

The Hain Celestial Group (NASDAQ:HAIN) last issued its earnings results on Wednesday, May 7th. The company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.05). The firm had revenue of $390.35 million during the quarter, compared to analyst estimates of $414.45 million. The Hain Celestial Group had a negative net margin of 10.51% and a positive return on equity of 2.88%. The business’s quarterly revenue was down 10.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.13 earnings per share. As a group, analysts anticipate that The Hain Celestial Group, Inc. will post 0.4 EPS for the current year.

Insider Activity

In other news, Director Celeste A. Clark bought 83,000 shares of The Hain Celestial Group stock in a transaction dated Tuesday, May 13th. The stock was bought at an average cost of $1.79 per share, for a total transaction of $148,570.00. Following the purchase, the director now directly owns 83,000 shares in the company, valued at approximately $148,570. This represents a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Dawn M. Zier purchased 200,000 shares of the business’s stock in a transaction on Friday, May 9th. The shares were bought at an average price of $1.60 per share, with a total value of $320,000.00. Following the purchase, the director now directly owns 288,229 shares in the company, valued at approximately $461,166.40. The trade was a 226.68% increase in their position. The disclosure for this purchase can be found here. Insiders bought a total of 308,640 shares of company stock worth $518,055 in the last three months. Company insiders own 0.83% of the company’s stock.

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.