First Republic Investment Management Inc. decreased its holdings in Hain Celestial Group Inc (NASDAQ:HAIN) by 29.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 61,331 shares of the company’s stock after selling 25,063 shares during the period. First Republic Investment Management Inc. owned about 0.06% of Hain Celestial Group worth $1,828,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also bought and sold shares of the business. State of New Jersey Common Pension Fund D lifted its position in shares of Hain Celestial Group by 28.6% during the 2nd quarter. State of New Jersey Common Pension Fund D now owns 2,700,000 shares of the company’s stock worth $80,460,000 after purchasing an additional 600,000 shares during the last quarter. Summit Trail Advisors LLC lifted its position in shares of Hain Celestial Group by 2,341.5% during the 1st quarter. Summit Trail Advisors LLC now owns 616,341 shares of the company’s stock worth $616,000 after purchasing an additional 591,097 shares during the last quarter. P Schoenfeld Asset Management LP purchased a new stake in shares of Hain Celestial Group during the 1st quarter worth $18,120,000. Bank of New York Mellon Corp lifted its position in shares of Hain Celestial Group by 46.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,723,433 shares of the company’s stock worth $51,358,000 after purchasing an additional 545,113 shares during the last quarter. Finally, BlackRock Inc. lifted its position in shares of Hain Celestial Group by 4.0% during the 1st quarter. BlackRock Inc. now owns 8,688,297 shares of the company’s stock worth $278,636,000 after purchasing an additional 332,557 shares during the last quarter. Institutional investors and hedge funds own 92.47% of the company’s stock.

Shares of NASDAQ:HAIN opened at $26.60 on Wednesday. Hain Celestial Group Inc has a one year low of $25.41 and a one year high of $44.37. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.49 and a quick ratio of 1.56. The stock has a market capitalization of $2.88 billion, a PE ratio of 22.93, a price-to-earnings-growth ratio of 3.00 and a beta of 1.10.

Hain Celestial Group (NASDAQ:HAIN) last announced its earnings results on Tuesday, August 28th. The company reported $0.27 EPS for the quarter, beating 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 analysts’ expectations of $629.25 million. During the same period in the prior year, the company earned $0.41 earnings per share. The business’s revenue was up 2.8% compared to the same quarter last year. sell-side analysts predict that Hain Celestial Group Inc will post 1.23 EPS for the current year.

A number of equities research analysts recently weighed in on the stock. Buckingham Research reduced their price target on shares of Hain Celestial Group from $27.00 to $25.00 and set a “neutral” rating for the company in a research report on Wednesday, August 29th. Citigroup reduced their price target on shares of Hain Celestial Group from $40.00 to $36.00 and set a “buy” rating for the company in a research report on Monday, June 25th. BidaskClub raised shares of Hain Celestial Group from a “hold” rating to a “buy” rating in a research report on Tuesday, September 11th. BMO Capital Markets reduced their price target on shares of Hain Celestial Group from $31.00 to $29.00 and set a “market perform” rating for the company in a research report on Wednesday, August 29th. Finally, Loop Capital set a $30.00 price target on shares of Hain Celestial Group and gave the company a “hold” rating in a research report on Wednesday, August 22nd. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $33.53.

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

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