Welch & Forbes LLC cut its holdings in shares of Hain Celestial Group Inc (NASDAQ:HAIN) by 58.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 93,225 shares of the company’s stock after selling 133,173 shares during the quarter. Welch & Forbes LLC owned 0.09% of Hain Celestial Group worth $1,478,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Financial Gravity Companies Inc. bought a new position in shares of Hain Celestial Group during the fourth quarter worth approximately $203,000. IndexIQ Advisors LLC increased its holdings in shares of Hain Celestial Group by 10.2% during the fourth quarter. IndexIQ Advisors LLC now owns 6,648 shares of the company’s stock worth $105,000 after purchasing an additional 614 shares during the period. Tokio Marine Asset Management Co. Ltd. increased its holdings in shares of Hain Celestial Group by 39.7% during the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 17,600 shares of the company’s stock worth $279,000 after purchasing an additional 5,000 shares during the period. M&T Bank Corp increased its holdings in shares of Hain Celestial Group by 22.3% during the fourth quarter. M&T Bank Corp now owns 20,004 shares of the company’s stock worth $317,000 after purchasing an additional 3,644 shares during the period. Finally, ETF Managers Group LLC increased its holdings in shares of Hain Celestial Group by 15.7% during the fourth quarter. ETF Managers Group LLC now owns 4,062 shares of the company’s stock worth $64,000 after purchasing an additional 552 shares during the period. 91.91% of the stock is currently owned by institutional investors.

Hain Celestial Group stock traded up $0.53 during mid-day trading on Tuesday, reaching $17.37. The company had a trading volume of 542,709 shares, compared to its average volume of 2,014,464. Hain Celestial Group Inc has a fifty-two week low of $14.45 and a fifty-two week high of $36.15. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.17 and a quick ratio of 1.25. The firm has a market capitalization of $1.66 billion, a P/E ratio of 14.97, a P/E/G ratio of 12.24 and a beta of 1.38.

Hain Celestial Group (NASDAQ:HAIN) last issued its earnings results on Thursday, February 7th. The company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.12). Hain Celestial Group had a negative net margin of 6.72% and a positive return on equity of 5.28%. The company had revenue of $584.16 million during the quarter, compared to analyst estimates of $611.18 million. During the same quarter in the prior year, the business earned $0.32 EPS. The business’s quarterly revenue was down 5.2% on a year-over-year basis. On average, analysts expect that Hain Celestial Group Inc will post 0.65 earnings per share for the current year.

Several brokerages have recently commented on HAIN. Loop Capital set a $16.00 target price on shares of Hain Celestial Group and gave the stock a “hold” rating in a report on Saturday. Piper Jaffray Companies set a $17.00 target price on shares of Hain Celestial Group and gave the stock a “hold” rating in a report on Friday. BMO Capital Markets lowered their target price on shares of Hain Celestial Group to $20.00 and set a “market perform” rating on the stock in a report on Friday. Maxim Group reaffirmed a “buy” rating and set a $25.00 target price (down from $36.00) on shares of Hain Celestial Group in a report on Friday. Finally, BidaskClub cut shares of Hain Celestial Group from a “sell” rating to a “strong sell” rating in a research note on Tuesday, February 5th. Four research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $28.64.

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Hain Celestial Group 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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