Advisors Capital Management LLC grew its holdings in shares of Hain Celestial Group Inc (NASDAQ:HAIN) by 2.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 76,560 shares of the company’s stock after purchasing an additional 2,094 shares during the period. Advisors Capital Management LLC’s holdings in Hain Celestial Group were worth $2,076,000 as of its most recent SEC filing.
Several other hedge funds have also added to or reduced their stakes in HAIN. Northern Trust Corp lifted its holdings in shares of Hain Celestial Group by 0.3% during the first 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. California Public Employees Retirement System lifted its holdings in shares of Hain Celestial Group by 16.8% during the first quarter. California Public Employees Retirement System now owns 211,531 shares of the company’s stock valued at $6,784,000 after purchasing an additional 30,386 shares during the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of Hain Celestial Group by 262.0% during the first quarter. Russell Investments Group Ltd. now owns 101,692 shares of the company’s stock valued at $3,256,000 after purchasing an additional 73,603 shares during the last quarter. Sei Investments Co. lifted its holdings in shares of Hain Celestial Group by 27.1% during the first quarter. Sei Investments Co. now owns 65,177 shares of the company’s stock valued at $2,091,000 after purchasing an additional 13,917 shares during the last quarter. Finally, GSA Capital Partners LLP purchased a new position in shares of Hain Celestial Group during the first quarter valued at approximately $717,000. Hedge funds and other institutional investors own 92.47% of the company’s stock.
NASDAQ:HAIN opened at $25.25 on Friday. 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 12 month low of $24.89 and a 12 month high of $44.37. The company has a market capitalization of $2.82 billion, a price-to-earnings ratio of 21.77, a P/E/G ratio of 2.92 and a beta of 1.14.
Hain Celestial Group (NASDAQ:HAIN) last posted its earnings results on Tuesday, August 28th. The company reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.01. Hain Celestial Group had a net margin of 0.35% and a return on equity of 7.37%. The business had revenue of $619.60 million during the quarter, compared to the consensus estimate of $629.25 million. During the same quarter in the previous year, the firm posted $0.41 EPS. The firm’s revenue was up 2.8% on a year-over-year basis. On average, sell-side analysts forecast that Hain Celestial Group Inc will post 1.24 earnings per share for the current year.
Several equities analysts have recently issued reports on the stock. ValuEngine lowered shares of Hain Celestial Group from a “sell” rating to a “strong sell” rating in a report on Tuesday, September 18th. BidaskClub upgraded shares of Hain Celestial Group from a “sell” rating to a “hold” rating in a report on Wednesday, June 20th. Piper Jaffray Companies assumed coverage on shares of Hain Celestial Group in a report on Friday. They set a “hold” rating and a $26.00 target price for the company. Maxim Group reiterated a “buy” rating and set a $40.00 target price on shares of Hain Celestial Group in a report on Tuesday, August 28th. Finally, Jefferies Financial Group set a $40.00 price target on shares of Hain Celestial Group and gave the company a “buy” rating in a research report on Wednesday, August 29th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $32.53.
Hain Celestial Group Company Profile
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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