Texas Permanent School Fund boosted its stake in shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN) by 0.8% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 75,528 shares of the company’s stock after buying an additional 632 shares during the period. Texas Permanent School Fund owned 0.07% of The Hain Celestial Group worth $2,932,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the stock. Dubuque Bank & Trust Co. boosted its stake in The Hain Celestial Group by 0.7% in the first quarter. Dubuque Bank & Trust Co. now owns 6,495 shares of the company’s stock valued at $242,000 after buying an additional 42 shares during the period. Pacer Advisors Inc. boosted its stake in shares of The Hain Celestial Group by 1.5% in the first quarter. Pacer Advisors Inc. now owns 11,819 shares of the company’s stock worth $440,000 after buying an additional 179 shares during the period. Capstone Asset Management Co. boosted its stake in shares of The Hain Celestial Group by 2.9% in the first quarter. Capstone Asset Management Co. now owns 9,482 shares of the company’s stock worth $353,000 after buying an additional 270 shares during the period. Public Employees Retirement System of Ohio boosted its stake in shares of The Hain Celestial Group by 0.6% in the first quarter. Public Employees Retirement System of Ohio now owns 49,254 shares of the company’s stock worth $1,832,000 after buying an additional 275 shares during the period. Finally, State Treasurer State of Michigan boosted its stake in shares of The Hain Celestial Group by 0.7% in the first quarter. State Treasurer State of Michigan now owns 42,000 shares of the company’s stock worth $1,562,000 after buying an additional 300 shares during the period. 85.96% of the stock is owned by institutional investors.

The Hain Celestial Group (NASDAQ:HAIN) last issued its earnings results on Thursday, June 22nd. The company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by $0.19. The firm had revenue of $706.56 million during the quarter, compared to the consensus estimate of $721 million. The Hain Celestial Group had a negative return on equity of 1.09% and a negative net margin of 0.75%.

The Hain Celestial Group declared that its Board of Directors has initiated a stock repurchase program on Thursday, June 22nd that permits the company to repurchase $250.00 million in outstanding shares. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board believes its stock is undervalued.

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A number of equities research analysts recently commented on the company. BidaskClub raised The Hain Celestial Group from a “hold” rating to a “buy” rating in a research note on Wednesday, August 2nd. Loop Capital assumed coverage on The Hain Celestial Group in a research note on Monday, July 31st. They set a “hold” rating and a $46.00 price objective for the company. Susquehanna Bancshares Inc set a $46.00 price objective on The Hain Celestial Group and gave the stock a “buy” rating in a research note on Tuesday, July 18th. Maxim Group raised The Hain Celestial Group from a “hold” rating to a “buy” rating and set a $50.00 price objective for the company in a research note on Thursday, July 13th. Finally, Citigroup Inc. reaffirmed a “buy” rating and set a $46.00 price objective (down from $62.00) on shares of The Hain Celestial Group in a research note on Monday, July 10th. Three investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and eight have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $41.44.

About The Hain Celestial Group

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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Institutional Ownership by Quarter for The Hain Celestial Group (NASDAQ:HAIN)

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