Is it Still a Wise Choice to Invest in Hain Celestial (HAIN)?

Carillon Tower Advisers, an investment management firm, published its “Carillon Scout Mid Cap Fund” first quarter 2022 investor letter – a copy of which can be downloaded here. The portfolio continues to be invested in a balance of companies that should do well in a cyclical recovery as well as in companies it believes to be secular winners, along with some defensive positions to help guard against rising interest rates. Try to take some time looking at the fund’s top 5 holdings to be informed about their best picks for 2022.

In its Q1 2022 investor letter, Carillon Scout Mid Cap Fund mentioned The Hain Celestial Group, Inc. (NASDAQ:HAIN) and explained its insights for the company. Founded in 1993, The Hain Celestial Group, Inc. (NASDAQ:HAIN) is a Lake Success, New York-based natural and organic food and personal care products company with a $2.1 billion market capitalization. The Hain Celestial Group, Inc. (NASDAQ:HAIN) delivered a -44.66% return since the beginning of the year, while its 12-month returns are down by -40.83%. The stock closed at $23.58 per share on July 04, 2022.

Here is what Carillon Scout Mid Cap Fund has to say about The Hain Celestial Group, Inc. (NASDAQ:HAIN) in its Q1 2022 investor letter:

“Organic food company Hain Celestial (NASDAQ:HAIN) declined after it guided to disappointing sales growth and announced a CFO change. This company continues to execute its transition strategy to focus on core brands while divesting non- strategic brands that lack scale.”

Our calculations show that The Hain Celestial Group, Inc. (NASDAQ:HAIN) fell short and didn’t make it on our list of the 30 Most Popular Stocks Among Hedge Funds. The Hain Celestial Group, Inc. (NASDAQ:HAIN) was in 29 hedge fund portfolios at the end of the first quarter of 2022, compared to 26 funds in the previous quarter. The Hain Celestial Group, Inc. (NASDAQ:HAIN) delivered a -33.20% return in the past 3 months. 

In April 2021, we also shared another hedge fund’s views on The Hain Celestial Group, Inc. (NASDAQ:HAIN) in another article. You can find other investor letters from hedge funds and prominent investors on our hedge fund investor letters 2022 Q1 page.

Disclosure: None. This article is originally published at Insider Monkey.