Sei Investments Co. raised its position in shares of Hain Celestial Group Inc (NASDAQ:HAIN) by 20.5% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 78,546 shares of the company’s stock after purchasing an additional 13,369 shares during the quarter. Sei Investments Co. owned 0.07% of Hain Celestial Group worth $2,341,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of the business. Mitsubishi UFJ Asset Management UK Ltd. grew its stake in Hain Celestial Group by 13.3% during the 2nd quarter. Mitsubishi UFJ Asset Management UK Ltd. now owns 17,000 shares of the company’s stock valued at $660,000 after purchasing an additional 2,000 shares during the last quarter. Rand Wealth LLC grew its stake in Hain Celestial Group by 5.7% during the 2nd quarter. Rand Wealth LLC now owns 37,294 shares of the company’s stock valued at $1,111,000 after purchasing an additional 2,000 shares during the last quarter. Northern Trust Corp grew its stake in Hain Celestial Group by 0.3% during the 1st quarter. Northern Trust Corp now owns 787,610 shares of the company’s stock valued at $25,259,000 after purchasing an additional 2,487 shares during the last quarter. Holt Capital Advisors L.L.C. dba Holt Capital Partners L.P. grew its stake in Hain Celestial Group by 12.3% during the 1st quarter. Holt Capital Advisors L.L.C. dba Holt Capital Partners L.P. now owns 24,885 shares of the company’s stock valued at $798,000 after purchasing an additional 2,735 shares during the last quarter. Finally, SFE Investment Counsel grew its stake in Hain Celestial Group by 21.9% during the 2nd quarter. SFE Investment Counsel now owns 15,698 shares of the company’s stock valued at $468,000 after purchasing an additional 2,820 shares during the last quarter. Institutional investors and hedge funds own 88.69% of the company’s stock.
HAIN has been the topic of several research analyst reports. Buckingham Research dropped their price target on Hain Celestial Group from $27.00 to $25.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 29th. Sanford C. Bernstein set a $38.00 price objective on Hain Celestial Group and gave the company a “buy” rating in a report on Wednesday, May 9th. Maxim Group reissued a “buy” rating and issued a $40.00 price objective (down previously from $50.00) on shares of Hain Celestial Group in a report on Tuesday, May 8th. BMO Capital Markets decreased their price objective on Hain Celestial Group from $39.00 to $31.00 and set a “market perform” rating for the company in a report on Wednesday, May 9th. Finally, Loop Capital set a $30.00 price objective on Hain Celestial Group and gave the company a “hold” rating in a report on Thursday, May 10th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $33.53.
Shares of HAIN stock opened at $28.19 on Wednesday. The stock has a market capitalization of $2.97 billion, a PE ratio of 22.31, a P/E/G ratio of 2.90 and a beta of 1.10. The company has a quick ratio of 1.56, a current ratio of 2.49 and a debt-to-equity ratio of 0.40. Hain Celestial Group Inc has a 52-week low of $25.41 and a 52-week high of $44.37.
Hain Celestial Group (NASDAQ:HAIN) last issued its quarterly earnings data on Tuesday, August 28th. The company reported $0.27 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.01. The business had revenue of $619.60 million during the quarter, compared to analysts’ expectations of $629.25 million. Hain Celestial Group had a return on equity of 7.37% and a net margin of 0.35%. The company’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.41 EPS. equities research analysts expect that Hain Celestial Group Inc will post 1.23 earnings per share for the current fiscal year.
About Hain Celestial Group
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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