ING Groep NV acquired a new stake in Hain Celestial Group Inc (NASDAQ:HAIN) during the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 69,426 shares of the company’s stock, valued at approximately $2,943,000.
Other large investors also recently added to or reduced their stakes in the company. Calton & Associates Inc. purchased a new position in Hain Celestial Group in the fourth quarter valued at about $110,000. Saratoga Research & Investment Management purchased a new position in Hain Celestial Group in the third quarter valued at about $124,000. Stuart Chaussee & Associates Inc. purchased a new position in Hain Celestial Group in the fourth quarter valued at about $127,000. First National Trust Co. purchased a new position in Hain Celestial Group in the third quarter valued at about $201,000. Finally, Oakbrook Investments LLC purchased a new position in Hain Celestial Group in the third quarter valued at about $202,000. 90.22% of the stock is currently owned by institutional investors.
Several research analysts have commented on the company. BidaskClub lowered Hain Celestial Group from a “hold” rating to a “sell” rating in a research report on Tuesday, December 12th. Susquehanna Bancshares reaffirmed a “hold” rating and set a $43.00 target price on shares of Hain Celestial Group in a research report on Tuesday, January 23rd. Sanford C. Bernstein raised Hain Celestial Group from a “market perform” rating to an “outperform” rating and set a $45.00 target price on the stock in a research report on Wednesday, November 8th. Royal Bank of Canada reaffirmed a “hold” rating on shares of Hain Celestial Group in a research report on Thursday, November 9th. Finally, Loop Capital set a $38.00 target price on Hain Celestial Group and gave the stock a “hold” rating in a research report on Thursday, December 28th. Three investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $40.72.
Hain Celestial Group (NASDAQ:HAIN) last posted its quarterly earnings results on Wednesday, February 7th. The company reported $0.41 EPS for the quarter, missing the Zacks’ consensus estimate of $0.42 by ($0.01). The firm had revenue of $775.20 million during the quarter, compared to analyst estimates of $774.50 million. Hain Celestial Group had a return on equity of 8.35% and a net margin of 3.38%. The firm’s revenue for the quarter was up 4.8% on a year-over-year basis. During the same quarter last year, the business posted $0.32 earnings per share. analysts anticipate that Hain Celestial Group Inc will post 1.65 EPS for the current fiscal year.
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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.
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