Dimensional Fund Advisors LP Buys 412,658 Shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN)

Dimensional Fund Advisors LP raised its stake in shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN) by 24.9% in the fourth quarter, Holdings Channel reports. The fund owned 2,067,866 shares of the company’s stock after acquiring an additional 412,658 shares during the period. Dimensional Fund Advisors LP’s holdings in The Hain Celestial Group were worth $12,717,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Wealthfront Advisers LLC acquired a new stake in shares of The Hain Celestial Group during the 4th quarter worth about $370,371,000. Barrow Hanley Mewhinney & Strauss LLC grew its stake in The Hain Celestial Group by 9.8% during the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 6,223,817 shares of the company’s stock worth $38,276,000 after buying an additional 555,195 shares during the last quarter. Invesco Ltd. grew its stake in The Hain Celestial Group by 272.4% during the fourth quarter. Invesco Ltd. now owns 5,870,075 shares of the company’s stock worth $36,101,000 after buying an additional 4,293,945 shares during the last quarter. Wellington Management Group LLP acquired a new stake in shares of The Hain Celestial Group during the fourth quarter worth approximately $14,322,000. Finally, Geode Capital Management LLC raised its stake in shares of The Hain Celestial Group by 0.7% in the fourth quarter. Geode Capital Management LLC now owns 2,243,999 shares of the company’s stock valued at $13,803,000 after acquiring an additional 14,818 shares during the last quarter. 97.01% of the stock is owned by institutional investors.

The Hain Celestial Group Stock Up 2.9 %

Shares of NASDAQ HAIN opened at $1.59 on Friday. The Hain Celestial Group, Inc. has a 1 year low of $1.30 and a 1 year high of $9.43. The firm’s 50-day moving average is $3.43 and its 200-day moving average is $5.32. 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 firm has a market capitalization of $143.04 million, a PE ratio of -0.82 and a beta of 1.05.

The Hain Celestial Group (NASDAQ:HAIN) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.05). The business had revenue of $390.35 million during the quarter, compared to the consensus estimate 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 Hain Celestial Group’s revenue was down 10.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.13 earnings per share. Equities analysts expect that The Hain Celestial Group, Inc. will post 0.4 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Mizuho dropped their price target on The Hain Celestial Group from $7.00 to $4.50 and set a “neutral” rating for the company in a report on Tuesday, February 11th. JPMorgan Chase & Co. lowered their target price on The Hain Celestial Group from $6.00 to $5.00 and set a “neutral” rating for the company in a research note on Friday, March 14th. Barclays reduced their price target on shares of The Hain Celestial Group from $5.00 to $4.00 and set an “equal weight” rating on the stock in a research report on Monday, April 14th. CL King restated a “neutral” rating on shares of The Hain Celestial Group in a research report on Thursday. Finally, Evercore ISI reduced their target price on shares of The Hain Celestial Group from $6.00 to $5.00 and set an “in-line” rating on the stock in a research report on Wednesday, April 23rd. Nine research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, The Hain Celestial Group presently has an average rating of “Hold” and a consensus price target of $4.61.

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.