State of New Jersey Common Pension Fund D lifted its stake in Hain Celestial Group Inc (NASDAQ:HAIN) by 9.3% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 3,280,000 shares of the company’s stock after acquiring an additional 280,000 shares during the quarter. State of New Jersey Common Pension Fund D owned 3.15% of Hain Celestial Group worth $75,834,000 at the end of the most recent reporting period.
Several other hedge funds also recently modified their holdings of HAIN. Cerebellum GP LLC purchased a new stake in shares of Hain Celestial Group in the 4th quarter valued at approximately $26,000. Carroll Financial Associates Inc. increased its position in shares of Hain Celestial Group by 640.0% in the 1st quarter. Carroll Financial Associates Inc. now owns 1,184 shares of the company’s stock valued at $27,000 after purchasing an additional 1,024 shares during the last quarter. Parallel Advisors LLC increased its position in shares of Hain Celestial Group by 1,005.0% in the 4th quarter. Parallel Advisors LLC now owns 2,000 shares of the company’s stock valued at $31,000 after purchasing an additional 1,819 shares during the last quarter. Oregon Public Employees Retirement Fund increased its position in shares of Hain Celestial Group by 1,486.0% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 558,335 shares of the company’s stock valued at $35,000 after purchasing an additional 523,131 shares during the last quarter. Finally, Advisory Services Network LLC purchased a new stake in shares of Hain Celestial Group in the 4th quarter valued at approximately $44,000. Hedge funds and other institutional investors own 96.43% of the company’s stock.
Shares of HAIN stock traded down $0.81 during mid-day trading on Wednesday, hitting $20.54. The stock had a trading volume of 2,856,900 shares, compared to its average volume of 1,850,881. Hain Celestial Group Inc has a fifty-two week low of $14.45 and a fifty-two week high of $31.53. The stock has a market capitalization of $2.22 billion, a PE ratio of 17.71, a price-to-earnings-growth ratio of 17.07 and a beta of 1.42. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.22 and a current ratio of 2.16.
Hain Celestial Group (NASDAQ:HAIN) last released its earnings results on Thursday, May 9th. The company reported $0.21 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.21. Hain Celestial Group had a negative net margin of 10.14% and a positive return on equity of 4.51%. The company had revenue of $599.80 million during the quarter, compared to analysts’ expectations of $597.75 million. During the same quarter last year, the business earned $0.37 EPS. The business’s revenue was down 5.2% on a year-over-year basis. Equities analysts forecast that Hain Celestial Group Inc will post 0.66 earnings per share for the current fiscal year.
A number of research firms recently commented on HAIN. JPMorgan Chase & Co. downgraded shares of Hain Celestial Group from an “overweight” rating to a “neutral” rating and increased their target price for the company from $20.00 to $23.00 in a research report on Monday, April 1st. BidaskClub downgraded shares of Hain Celestial Group from a “sell” rating to a “strong sell” rating in a research report on Tuesday, February 5th. TheStreet downgraded shares of Hain Celestial Group from a “c-” rating to a “d” rating in a research report on Thursday, February 14th. Piper Jaffray Companies set a $17.00 target price on shares of Hain Celestial Group and gave the company a “hold” rating in a research report on Friday, February 8th. Finally, Citigroup increased their target price on shares of Hain Celestial Group from $21.00 to $25.50 and gave the company a “buy” rating in a research report on Monday, April 15th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and four have assigned a buy rating to the company’s stock. Hain Celestial Group has a consensus rating of “Hold” and a consensus price target of $24.54.
In related news, insider Engaged Capital Co-Invest Vi-D purchased 712,165 shares of the business’s stock in a transaction dated Monday, May 20th. The stock was acquired at an average price of $23.27 per share, for a total transaction of $16,572,079.55. Following the acquisition, the insider now directly owns 21,577 shares of the company’s stock, valued at approximately $502,096.79. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Glenn W. Welling purchased 1,003,918 shares of the business’s stock in a transaction dated Friday, March 1st. The stock was bought at an average price of $19.30 per share, with a total value of $19,375,617.40. Following the acquisition, the director now directly owns 21,577 shares in the company, valued at $416,436.10. The disclosure for this purchase can be found here. Insiders bought a total of 11,850,437 shares of company stock valued at $263,768,117 in the last 90 days. Company insiders own 13.50% of the company’s stock.
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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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