The Hain Celestial Group, Inc. (HAIN) Stake Decreased by BARING ASSET MANAGEMENT Ltd

BARING ASSET MANAGEMENT Ltd cut its stake in The Hain Celestial Group, Inc. (NASDAQ:HAIN) by 0.3% during the second quarter, according to its most recent filing with the SEC. The fund owned 14,576 shares of the company’s stock after selling 49 shares during the period. BARING ASSET MANAGEMENT Ltd’s holdings in The Hain Celestial Group were worth $566,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of HAIN. Teacher Retirement System of Texas boosted its stake in The Hain Celestial Group by 0.3% in the second quarter. Teacher Retirement System of Texas now owns 8,233 shares of the company’s stock valued at $320,000 after buying an additional 25 shares during the last quarter. 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 last quarter. New Amsterdam Partners LLC NY boosted its stake in The Hain Celestial Group by 0.8% in the second quarter. New Amsterdam Partners LLC NY now owns 8,581 shares of the company’s stock valued at $333,000 after buying an additional 68 shares during the last quarter. Pacer Advisors Inc. boosted its stake 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. Finally, Goelzer Investment Management Inc. boosted its stake in The Hain Celestial Group by 0.5% in the second quarter. Goelzer Investment Management Inc. now owns 50,594 shares of the company’s stock valued at $1,964,000 after buying an additional 260 shares during the last quarter. 85.07% of the stock is currently owned by institutional investors.

The Hain Celestial Group, Inc. (HAIN) opened at 42.72 on Friday. The firm has a 50-day moving average of $41.77 and a 200-day moving average of $37.67. The Hain Celestial Group, Inc. has a 52 week low of $31.01 and a 52 week high of $45.61. The company’s market capitalization is $4.43 billion.

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 analysts’ consensus estimates of $0.52 by $0.19. The company had revenue of $706.56 million during the quarter, compared to analysts’ expectations of $721 million. The Hain Celestial Group had a negative net margin of 0.75% and a negative return on equity of 1.09%. Analysts anticipate that The Hain Celestial Group, Inc. will post $1.20 EPS for the current fiscal year.

The Hain Celestial Group announced that its board has initiated a share repurchase plan on Thursday, June 22nd that authorizes the company to repurchase $250.00 million in outstanding shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

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Several analysts have weighed in on HAIN shares. Vetr raised The Hain Celestial Group from a “buy” rating to a “strong-buy” rating and set a $42.01 price objective on the stock in a research report on Tuesday, May 16th. Zacks Investment Research upgraded shares of The Hain Celestial Group from a “sell” rating to a “hold” rating in a report on Tuesday, May 16th. Jefferies Group LLC reiterated a “buy” rating and set a $50.00 target price on shares of The Hain Celestial Group in a report on Friday, May 12th. Susquehanna Bancshares Inc set a $44.00 target price on shares of The Hain Celestial Group and gave the company a “buy” rating in a report on Friday, May 19th. Finally, Oppenheimer Holdings, Inc. reiterated a “market perform” rating on shares of The Hain Celestial Group in a report on Wednesday, May 17th. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and five have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $41.30.

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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