Clean Yield Group trimmed its stake in shares of Hain Celestial Group Inc (NASDAQ:HAIN) by 28.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 119,373 shares of the company’s stock after selling 48,315 shares during the period. Hain Celestial Group comprises about 1.0% of Clean Yield Group’s holdings, making the stock its 29th biggest holding. Clean Yield Group owned 0.11% of Hain Celestial Group worth $3,098,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Nuveen Asset Management LLC purchased a new stake in shares of Hain Celestial Group during the second quarter valued at $51,014,000. Paradice Investment Management LLC lifted its holdings in shares of Hain Celestial Group by 10.8% during the third quarter. Paradice Investment Management LLC now owns 2,288,114 shares of the company’s stock valued at $49,137,000 after purchasing an additional 223,185 shares during the last quarter. PGGM Investments lifted its holdings in shares of Hain Celestial Group by 3.7% during the third quarter. PGGM Investments now owns 1,955,297 shares of the company’s stock valued at $41,990,000 after purchasing an additional 70,000 shares during the last quarter. Gamco Investors INC. ET AL lifted its holdings in shares of Hain Celestial Group by 54.7% during the third quarter. Gamco Investors INC. ET AL now owns 1,236,088 shares of the company’s stock valued at $26,545,000 after purchasing an additional 437,068 shares during the last quarter. Finally, Parametric Portfolio Associates LLC lifted its holdings in shares of Hain Celestial Group by 5.0% during the third quarter. Parametric Portfolio Associates LLC now owns 1,092,250 shares of the company’s stock valued at $23,456,000 after purchasing an additional 52,162 shares during the last quarter. 99.83% of the stock is owned by institutional investors and hedge funds.
Several equities research analysts have recently commented on the company. Zacks Investment Research raised Hain Celestial Group from a “sell” rating to a “hold” rating and set a $25.00 target price for the company in a report on Wednesday, October 30th. BidaskClub downgraded Hain Celestial Group from a “strong-buy” rating to a “buy” rating in a report on Wednesday, January 8th. Jefferies Financial Group upped their target price on Hain Celestial Group from $25.00 to $30.00 and gave the company a “buy” rating in a report on Tuesday, December 31st. Maxim Group upped their target price on Hain Celestial Group from $28.00 to $35.00 and gave the company a “buy” rating in a report on Friday, November 8th. Finally, Citigroup increased their price objective on Hain Celestial Group from $25.00 to $29.00 and gave the stock a “buy” rating in a research note on Monday, December 2nd. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the company. Hain Celestial Group has a consensus rating of “Hold” and an average target price of $22.50.
Shares of Hain Celestial Group stock opened at $25.78 on Friday. The stock has a 50-day moving average price of $25.38 and a 200 day moving average price of $22.69. The company has a market cap of $2.69 billion, a P/E ratio of 39.06 and a beta of 1.41. The company has a current ratio of 1.77, a quick ratio of 0.82 and a debt-to-equity ratio of 0.27. Hain Celestial Group Inc has a 1 year low of $14.45 and a 1 year high of $26.49.
Hain Celestial Group (NASDAQ:HAIN) last announced its quarterly earnings data on Thursday, November 7th. The company reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.01. The firm had revenue of $482.10 million during the quarter, compared to the consensus estimate of $492.07 million. Hain Celestial Group had a positive return on equity of 4.40% and a negative net margin of 11.37%. The business’s revenue for the quarter was down 14.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.09 EPS. On average, equities analysts forecast that Hain Celestial Group Inc will post 0.67 earnings per share for the current fiscal year.
About Hain Celestial Group
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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