California State Teachers Retirement System decreased its stake in Hain Celestial Group Inc (NASDAQ:HAIN) by 9.3% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 170,093 shares of the company’s stock after selling 17,399 shares during the quarter. California State Teachers Retirement System owned approximately 0.16% of Hain Celestial Group worth $6,999,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently modified their holdings of the company. Stifel Financial Corp raised its holdings in shares of Hain Celestial Group by 12.3% during the third quarter. Stifel Financial Corp now owns 25,881 shares of the company’s stock valued at $1,063,000 after acquiring an additional 2,843 shares during the last quarter. Welch & Forbes LLC raised its holdings in shares of Hain Celestial Group by 0.6% during the third quarter. Welch & Forbes LLC now owns 280,165 shares of the company’s stock valued at $11,528,000 after acquiring an additional 1,605 shares during the last quarter. Schwab Charles Investment Management Inc. raised its holdings in shares of Hain Celestial Group by 10.4% during the third quarter. Schwab Charles Investment Management Inc. now owns 455,205 shares of the company’s stock valued at $18,732,000 after acquiring an additional 42,972 shares during the last quarter. WINTON GROUP Ltd acquired a new position in shares of Hain Celestial Group during the third quarter valued at approximately $3,459,000. Finally, Schroder Investment Management Group raised its holdings in shares of Hain Celestial Group by 15.5% during the third quarter. Schroder Investment Management Group now owns 1,622,139 shares of the company’s stock valued at $66,037,000 after acquiring an additional 217,434 shares during the last quarter. Hedge funds and other institutional investors own 89.95% of the company’s stock.
In other news, Director Richard Dean Hollis purchased 10,000 shares of the firm’s stock in a transaction dated Friday, November 10th. The shares were acquired at an average price of $35.27 per share, with a total value of $352,700.00. Following the purchase, the director now directly owns 10,000 shares of the company’s stock, valued at $352,700. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Michael B. Mcguinness purchased 3,500 shares of the firm’s stock in a transaction dated Thursday, November 9th. The shares were purchased at an average cost of $34.58 per share, for a total transaction of $121,030.00. Following the purchase, the senior vice president now directly owns 55,131 shares in the company, valued at $1,906,429.98. The disclosure for this purchase can be found here. Insiders have bought 68,500 shares of company stock worth $2,352,730 in the last quarter. Insiders own 12.34% of the company’s stock.
Shares of Hain Celestial Group Inc (HAIN) opened at $39.41 on Friday. The company has a quick ratio of 1.22, a current ratio of 2.50 and a debt-to-equity ratio of 0.42. Hain Celestial Group Inc has a 52 week low of $31.01 and a 52 week high of $45.61. The firm has a market capitalization of $4,110.00, a price-to-earnings ratio of 52.55, a price-to-earnings-growth ratio of 1.68 and a beta of 1.25.
Hain Celestial Group (NASDAQ:HAIN) last posted its earnings results on Tuesday, November 7th. The company reported $0.23 EPS for the quarter, missing the Zacks’ consensus estimate of $0.24 by ($0.01). Hain Celestial Group had a return on equity of 8.03% and a net margin of 2.73%. The firm had revenue of $708.30 million for the quarter, compared to analyst estimates of $697.39 million. During the same quarter last year, the firm posted $0.14 EPS. The firm’s revenue for the quarter was up 3.9% on a year-over-year basis. equities research analysts predict that Hain Celestial Group Inc will post 1.68 EPS for the current year.
Several equities research analysts recently commented on the company. Loop Capital set a $38.00 price target on Hain Celestial Group and gave the company a “hold” rating in a report on Thursday, December 28th. BidaskClub raised Hain Celestial Group from a “sell” rating to a “hold” rating in a report on Friday, December 29th. Sanford C. Bernstein assumed coverage on Hain Celestial Group in a research note on Friday, October 6th. They set a “market perform” rating and a $45.00 target price for the company. Zacks Investment Research raised Hain Celestial Group from a “hold” rating to a “buy” rating and set a $46.00 target price for the company in a research note on Tuesday, October 10th. Finally, Wells Fargo & Co reissued a “market perform” rating and set a $42.00 target price on shares of Hain Celestial Group in a research note on Saturday, September 30th. Four equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and three have issued a buy rating to the stock. Hain Celestial Group currently has a consensus rating of “Hold” and a consensus target price of $41.31.
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Hain Celestial Group Company 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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