Creative Planning lowered its position in shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN) by 3.2% during the second quarter, Holdings Channel reports. The firm owned 4,695 shares of the company’s stock after selling 157 shares during the period. Creative Planning’s holdings in The Hain Celestial Group were worth $182,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the stock. Dubuque Bank & Trust Co. raised its position 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 last quarter. Pacer Advisors Inc. raised its position in The Hain Celestial Group by 1.5% in the first quarter. Pacer Advisors Inc. now owns 11,819 shares of the company’s stock valued at $440,000 after buying an additional 179 shares during the last quarter. Capstone Asset Management Co. raised its position in 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 valued at $353,000 after buying an additional 270 shares during the last quarter. Public Employees Retirement System of Ohio raised its position in 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 valued at $1,832,000 after buying an additional 275 shares during the last quarter. Finally, State Treasurer State of Michigan raised its position in 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 valued at $1,562,000 after buying an additional 300 shares during the last quarter. 85.96% of the stock is owned by institutional investors and hedge funds.

The Hain Celestial Group, Inc. (HAIN) traded down 0.09% during mid-day trading on Wednesday, reaching $43.15. The company’s stock had a trading volume of 218,293 shares. The firm’s market cap is $4.47 billion. The stock’s 50 day moving average is $39.26 and its 200 day moving average is $37.48. The Hain Celestial Group, Inc. has a one year low of $31.01 and a one year high of $56.99.

The Hain Celestial Group (NASDAQ:HAIN) last released its quarterly earnings results on Thursday, June 22nd. The company reported $0.33 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.52 by $0.19. The Hain Celestial Group had a negative return on equity of 1.09% and a negative net margin of 0.75%. The company had revenue of $706.56 million for the quarter, compared to analysts’ expectations of $721 million. On average, analysts anticipate that The Hain Celestial Group, Inc. will post $1.20 EPS for the current year.

The Hain Celestial Group declared that its board has initiated a share buyback program on Thursday, June 22nd that authorizes the company to buyback $250.00 million in outstanding shares. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

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Several research analysts have recently commented on the company. Vetr lowered The Hain Celestial Group from a “strong-buy” rating to a “buy” rating and set a $42.02 price target for the company. in a research report on Monday, May 15th. Susquehanna Bancshares Inc set a $45.00 price target on The Hain Celestial Group and gave the stock a “buy” rating in a research report on Saturday, May 13th. UBS AG reissued a “sell” rating and issued a $31.00 price target (down from $33.00) on shares of The Hain Celestial Group in a research report on Sunday, June 25th. Wells Fargo & Company set a $42.00 price target on The Hain Celestial Group and gave the stock a “hold” rating in a research report on Saturday, July 1st. Finally, Maxim Group raised The Hain Celestial Group from a “hold” rating to a “buy” rating and set a $50.00 price target for the company in a research report on Thursday, July 13th. Three research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and seven have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $41.44.

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

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