Stone Ridge Asset Management LLC purchased a new position in shares of Hain Celestial Group Inc (NASDAQ:HAIN) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 31,566 shares of the company’s stock, valued at approximately $1,338,000.
Other hedge funds also recently bought and sold shares of the company. Credit Agricole S A acquired a new position in Hain Celestial Group in the 4th quarter valued at $101,000. Calton & Associates Inc. acquired a new position in Hain Celestial Group in the 4th quarter valued at $110,000. Stuart Chaussee & Associates Inc. acquired a new position in Hain Celestial Group in the 4th quarter valued at $127,000. KBC Group NV raised its holdings in Hain Celestial Group by 106.9% in the 4th quarter. KBC Group NV now owns 3,752 shares of the company’s stock valued at $159,000 after acquiring an additional 1,939 shares during the last quarter. Finally, Oppenheimer & Co. Inc. acquired a new position in Hain Celestial Group in the 4th quarter valued at $201,000. 91.19% of the stock is currently owned by hedge funds and other institutional investors.
In other news, Director Glenn W. Welling acquired 1,407,543 shares of the company’s stock in a transaction dated Wednesday, February 28th. The stock was acquired at an average cost of $34.83 per share, for a total transaction of $49,024,722.69. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 12.34% of the company’s stock.
Several brokerages have weighed in on HAIN. Jefferies Group reiterated a “buy” rating and issued a $52.00 price target on shares of Hain Celestial Group in a report on Wednesday, February 7th. BMO Capital Markets cut their price target on Hain Celestial Group from $44.00 to $39.00 and set a “market perform” rating for the company in a report on Thursday, February 8th. Loop Capital reiterated a “hold” rating and issued a $38.00 price target on shares of Hain Celestial Group in a report on Friday, December 22nd. Zacks Investment Research downgraded Hain Celestial Group from a “hold” rating to a “sell” rating in a report on Tuesday, January 9th. Finally, Barclays reiterated a “hold” rating and issued a $36.00 price target on shares of Hain Celestial Group in a report on Friday, February 9th. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $41.11.
Shares of Hain Celestial Group Inc (HAIN) opened at $34.30 on Friday. The company has a market capitalization of $3,653.76, a price-to-earnings ratio of 25.11, a PEG ratio of 1.11 and a beta of 1.14. The company has a current ratio of 2.44, a quick ratio of 1.19 and a debt-to-equity ratio of 0.41. Hain Celestial Group Inc has a twelve month low of $31.01 and a twelve month high of $45.61.
Hain Celestial Group (NASDAQ:HAIN) last released its quarterly earnings data on Wednesday, February 7th. The company reported $0.41 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.01). The firm had revenue of $775.20 million for the quarter, compared to analyst estimates of $774.50 million. Hain Celestial Group had a return on equity of 8.35% and a net margin of 3.38%. The company’s quarterly revenue was up 4.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.32 earnings per share. research analysts predict that Hain Celestial Group Inc will post 1.66 earnings per share for the current year.
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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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