CWM Advisors LLC Reduces Stake in Hain Celestial Group Inc (NASDAQ:HAIN)

CWM Advisors LLC reduced its stake in shares of Hain Celestial Group Inc (NASDAQ:HAIN) by 20.1% in the fourth quarter, Holdings Channel reports. The fund owned 8,917 shares of the company’s stock after selling 2,241 shares during the quarter. CWM Advisors LLC’s holdings in Hain Celestial Group were worth $231,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Huntington National Bank lifted its stake in Hain Celestial Group by 82.1% in the fourth quarter. Huntington National Bank now owns 1,752 shares of the company’s stock valued at $45,000 after purchasing an additional 790 shares during the last quarter. Evoke Wealth LLC purchased a new stake in Hain Celestial Group in the third quarter worth $50,000. HM Payson & Co. bought a new stake in shares of Hain Celestial Group in the second quarter valued at $64,000. Nisa Investment Advisors LLC bought a new stake in shares of Hain Celestial Group in the third quarter valued at $64,000. Finally, Point72 Asset Management L.P. bought a new stake in shares of Hain Celestial Group in the third quarter valued at $101,000. 99.83% of the stock is owned by hedge funds and other institutional investors.

Several research analysts have recently weighed in on the company. BidaskClub downgraded Hain Celestial Group from a “buy” rating to a “hold” rating in a research note on Thursday. Maxim Group lifted their price objective on Hain Celestial Group from $28.00 to $35.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Citigroup boosted their price objective on Hain Celestial Group from $25.00 to $29.00 and gave the company a “buy” rating in a research note on Monday, December 2nd. Jefferies Financial Group assumed coverage on shares of Hain Celestial Group in a report on Wednesday. They set a “hold” rating and a $29.00 price objective on the stock. Finally, ValuEngine lowered shares of Hain Celestial Group from a “hold” rating to a “sell” rating in a research report on Thursday. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have assigned a buy rating to the stock. Hain Celestial Group presently has an average rating of “Hold” and an average price target of $22.43.

NASDAQ:HAIN opened at $24.96 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.82 and a current ratio of 1.77. Hain Celestial Group Inc has a 52-week low of $14.45 and a 52-week high of $26.49. The firm has a market cap of $2.62 billion, a price-to-earnings ratio of -10.27 and a beta of 1.41. The business’s fifty day moving average is $25.47 and its 200 day moving average is $22.82.

Hain Celestial Group (NASDAQ:HAIN) last issued its earnings results on Thursday, November 7th. The company reported $0.08 EPS for the quarter, topping the consensus estimate of $0.07 by $0.01. The business had revenue of $482.10 million during the quarter, compared to the consensus estimate of $492.07 million. Hain Celestial Group had a positive return on equity of 4.40% and a negative net margin of 11.37%. The firm’s revenue was down 14.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.09 EPS. Equities analysts predict that Hain Celestial Group Inc will post 0.67 EPS for the current fiscal year.

Hain Celestial Group Company Profile

The Hain Celestial Group, Inc manufactures, markets, distributes, and sells organic and natural products. The company operates in seven segments: the United States, United Kingdom, Tilda, Ella's Kitchen UK, Canada, Europe, and Cultivate. It offers infant formula; infant, toddler, and kids foods; diapers and wipes; rice and grain-based products; plant-based beverages and frozen desserts, such as soy, rice, oat, almond, and coconut; flour and baking mixes; breads, hot and cold cereals, pasta, condiments, cooking and culinary oils, granolas, and cereal bars; canned, chilled fresh, aseptic, and instant soups; yogurts; chilies; chocolates; and nut butters.

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Institutional Ownership by Quarter for Hain Celestial Group (NASDAQ:HAIN)

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