Janney Montgomery Scott LLC raised its holdings in Hain Celestial Group Inc (NASDAQ:HAIN) by 10.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 77,236 shares of the company’s stock after purchasing an additional 7,158 shares during the quarter. Janney Montgomery Scott LLC owned 0.07% of Hain Celestial Group worth $3,178,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also made changes to their positions in the business. Point72 Asset Management L.P. grew its stake in shares of Hain Celestial Group by 104.2% during the 3rd quarter. Point72 Asset Management L.P. now owns 1,752,500 shares of the company’s stock worth $72,115,000 after acquiring an additional 894,300 shares during the period. Strs Ohio bought a new position in shares of Hain Celestial Group during the 3rd quarter worth $32,144,000. Black Creek Investment Management Inc. bought a new position in shares of Hain Celestial Group during the 2nd quarter worth $30,283,000. Eagle Asset Management Inc. bought a new position in shares of Hain Celestial Group during the 3rd quarter worth $32,091,000. Finally, Toronto Dominion Bank bought a new position in shares of Hain Celestial Group during the 2nd quarter worth $13,584,000. Hedge funds and other institutional investors own 90.28% of the company’s stock.
In other Hain Celestial Group news, Director Richard Dean Hollis purchased 10,000 shares of the stock in a transaction on Friday, November 10th. The shares were purchased at an average price of $35.27 per share, with a total value of $352,700.00. Following the acquisition, the director now directly owns 10,000 shares in the company, valued at approximately $352,700. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Michael B. Mcguinness purchased 3,500 shares of the stock in a transaction on Thursday, November 9th. The stock was acquired at an average cost of $34.58 per share, for a total transaction of $121,030.00. Following the acquisition, the senior vice president now owns 55,131 shares in the company, valued at $1,906,429.98. The disclosure for this purchase can be found here. Insiders have purchased a total of 68,500 shares of company stock worth $2,352,730 in the last three months. 12.34% of the stock is currently owned by insiders.
Several research firms have recently weighed in on HAIN. BidaskClub downgraded Hain Celestial Group from a “hold” rating to a “sell” rating in a research note on Tuesday. Susquehanna Bancshares downgraded Hain Celestial Group from a “positive” rating to a “neutral” rating in a research note on Tuesday, August 22nd. Wells Fargo & Company reiterated a “market perform” rating and set a $42.00 price target on shares of Hain Celestial Group in a research note on Saturday, September 30th. UBS downgraded Hain Celestial Group from a “positive” rating to a “neutral” rating in a research note on Tuesday, August 22nd. Finally, SunTrust Banks reiterated a “hold” rating and set a $35.00 price target on shares of Hain Celestial Group in a research note on Friday, November 10th. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $41.31.
Shares of Hain Celestial Group Inc (HAIN) opened at $39.96 on Friday. The stock has a market capitalization of $4,170.00, a PE ratio of 31.05, a P/E/G ratio of 1.75 and a beta of 1.26. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.22 and a current ratio of 2.50. Hain Celestial Group Inc has a 1-year low of $31.01 and a 1-year high of $45.61.
Hain Celestial Group (NASDAQ:HAIN) last issued its quarterly earnings data on Tuesday, November 7th. The company reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.01). The company had revenue of $708.30 million for the quarter, compared to analysts’ expectations of $697.39 million. Hain Celestial Group had a return on equity of 8.03% and a net margin of 2.73%. The business’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same period last year, the company posted $0.14 EPS. analysts expect that Hain Celestial Group Inc will post 1.66 earnings per share for the current fiscal year.
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Hain Celestial Group Profile
The Hain Celestial Group, Inc is an organic and natural products company. The Company and its subsidiaries manufacture, market, distribute and sell organic and natural products under brand names which are sold as better-for-you products. The Company’s segments include United States, United Kingdom, Hain Pure Protein and Rest of World.
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