Commerce Bank lowered its holdings in The Hain Celestial Group, Inc. (NASDAQ:HAIN) by 52.3% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,094 shares of the company’s stock after selling 8,868 shares during the quarter. Commerce Bank’s holdings in The Hain Celestial Group were worth $314,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of HAIN. IFP Advisors Inc grew its stake in The Hain Celestial Group by 50.6% during the 1st quarter. IFP Advisors Inc now owns 3,209 shares of the company’s stock worth $119,000 after purchasing an additional 1,078 shares in the last quarter. Invictus RG acquired a new position in The Hain Celestial Group during the 1st quarter worth $174,000. Tudor Investment Corp ET AL acquired a new position in The Hain Celestial Group during the 1st quarter worth $201,000. BB&T Securities LLC acquired a new position in The Hain Celestial Group during the 1st quarter worth $213,000. Finally, Flagship Harbor Advisors LLC grew its stake in The Hain Celestial Group by 8.2% during the 1st quarter. Flagship Harbor Advisors LLC now owns 6,539 shares of the company’s stock worth $243,000 after purchasing an additional 496 shares in the last quarter. Institutional investors own 92.29% of the company’s stock.

The Hain Celestial Group, Inc. (NASDAQ HAIN) opened at 40.05 on Monday. The Hain Celestial Group, Inc. has a 52 week low of $31.01 and a 52 week high of $45.61. The stock’s 50 day moving average price is $42.33 and its 200-day moving average price is $37.98. The stock has a market capitalization of $4.15 billion, a P/E ratio of 61.62 and a beta of 1.25.

The Hain Celestial Group (NASDAQ:HAIN) last issued its quarterly earnings data on Tuesday, August 29th. The company reported $0.43 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.03. The business had revenue of $725.10 million during the quarter, compared to the consensus estimate of $720.70 million. The Hain Celestial Group had a return on equity of 6.93% and a net margin of 2.36%. The business’s revenue was down 1.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.43 earnings per share. Equities research analysts expect that The Hain Celestial Group, Inc. will post $1.66 earnings per share for the current year.

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

COPYRIGHT VIOLATION WARNING: “The Hain Celestial Group, Inc. (HAIN) Shares Sold by Commerce Bank” was originally reported by Daily Political and is owned by of Daily Political. If you are accessing this article on another website, it was illegally stolen and republished in violation of U.S. and international copyright law. The legal version of this article can be viewed at https://www.dailypolitical.com/2017/09/11/the-hain-celestial-group-inc-hain-shares-sold-by-commerce-bank.html.

Several research analysts recently commented on the company. Wells Fargo & Company set a $42.00 target price on The Hain Celestial Group and gave the stock a “hold” rating in a research note on Saturday, July 1st. Maxim Group reaffirmed a “buy” rating and set a $50.00 price objective on shares of The Hain Celestial Group in a research report on Tuesday, August 29th. BidaskClub raised The Hain Celestial Group from a “strong sell” rating to a “sell” rating in a research report on Thursday, June 29th. Vetr cut The Hain Celestial Group from a “buy” rating to a “hold” rating and set a $39.79 target price for the company. in a research report on Monday, July 3rd. Finally, Barclays PLC reissued a “hold” rating and issued a $39.00 target price on shares of The Hain Celestial Group in a research report on Friday, September 1st. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $41.28.

The Hain Celestial Group 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.

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

Receive News & Ratings for The Hain Celestial Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Hain Celestial Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.