Welch & Forbes LLC Sells 19,671 Shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN)

Welch & Forbes LLC lessened its position in The Hain Celestial Group, Inc. (NASDAQ:HAIN) by 62.1% during the 4th quarter, Holdings Channel reports. The firm owned 12,020 shares of the company’s stock after selling 19,671 shares during the quarter. Welch & Forbes LLC’s holdings in The Hain Celestial Group were worth $132,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of HAIN. Signaturefd LLC boosted its stake in The Hain Celestial Group by 265.2% in the 4th quarter. Signaturefd LLC now owns 4,127 shares of the company’s stock valued at $45,000 after purchasing an additional 2,997 shares during the period. Cary Street Partners Investment Advisory LLC boosted its position in shares of The Hain Celestial Group by 1,647.1% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 4,455 shares of the company’s stock valued at $46,000 after purchasing an additional 4,200 shares in the last quarter. Oak Thistle LLC bought a new stake in The Hain Celestial Group in the 4th quarter valued at about $111,000. PNC Financial Services Group Inc. raised its stake in shares of The Hain Celestial Group by 146.4% in the third quarter. PNC Financial Services Group Inc. now owns 11,743 shares of the company’s stock worth $122,000 after purchasing an additional 6,978 shares during the last quarter. Finally, Sequoia Financial Advisors LLC purchased a new stake in shares of The Hain Celestial Group during the third quarter valued at approximately $136,000. 97.01% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on HAIN shares. JPMorgan Chase & Co. dropped their target price on shares of 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 lowered their target price on The Hain Celestial Group from $11.00 to $8.00 and set an “equal weight” rating on the stock in a report on Friday, April 12th. DA Davidson began coverage on shares of The Hain Celestial Group in a research report on Friday, March 1st. They set a “neutral” rating and a $10.00 price objective on the stock. Maxim Group decreased their price target on shares of The Hain Celestial Group from $25.00 to $18.00 and set a “buy” rating on the stock in a research note on Thursday, February 8th. Finally, Stifel Nicolaus lowered their price objective on shares of The Hain Celestial Group from $10.00 to $8.00 and set a “hold” rating for the company in a research report on Friday, April 26th. Eight investment 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 stock has an average rating of “Hold” and a consensus target price of $12.70.

The Hain Celestial Group Price Performance

Shares of The Hain Celestial Group stock opened at $6.65 on Thursday. The company has a current ratio of 2.24, a quick ratio of 1.14 and a debt-to-equity ratio of 0.81. The Hain Celestial Group, Inc. has a twelve month low of $5.68 and a twelve month high of $16.57. The stock has a market capitalization of $597.38 million, a P/E ratio of -3.76 and a beta of 0.74. The business’s fifty day moving average price is $7.45 and its 200 day moving average price is $9.55.

The Hain Celestial Group (NASDAQ:HAIN) last posted its quarterly earnings data on Wednesday, May 8th. The company reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.06. The company had revenue of $438.36 million for the quarter, compared to analyst estimates of $463.37 million. The Hain Celestial Group had a negative net margin of 8.88% and a positive return on equity of 2.48%. The business’s quarterly revenue was down 3.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.08 earnings per share. As a group, research analysts anticipate 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 news, CEO Wendy P. Davidson bought 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 13th. The shares were purchased at an average price of $9.46 per share, with a total value of $47,300.00. Following the completion of the acquisition, the chief executive officer now directly owns 58,309 shares in the company, valued at $551,603.14. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.72% of the stock is currently owned by corporate insiders.

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.