Tradition Capital Management LLC grew its position in Hain Celestial Group Inc (NASDAQ:HAIN) by 42.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 60,560 shares of the company’s stock after acquiring an additional 18,105 shares during the quarter. Tradition Capital Management LLC’s holdings in Hain Celestial Group were worth $1,400,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently made changes to their positions in HAIN. Cerebellum GP LLC purchased a new position in Hain Celestial Group in the 4th quarter worth about $26,000. Carroll Financial Associates Inc. increased its stake in Hain Celestial Group by 640.0% in the 1st quarter. Carroll Financial Associates Inc. now owns 1,184 shares of the company’s stock worth $27,000 after buying an additional 1,024 shares during the period. Parallel Advisors LLC increased its stake in Hain Celestial Group by 1,005.0% in the 4th quarter. Parallel Advisors LLC now owns 2,000 shares of the company’s stock worth $31,000 after buying an additional 1,819 shares during the period. Oregon Public Employees Retirement Fund increased its stake in Hain Celestial Group by 1,486.0% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 558,335 shares of the company’s stock worth $35,000 after buying an additional 523,131 shares during the period. Finally, Advisory Services Network LLC purchased a new position in Hain Celestial Group in the 4th quarter worth about $44,000. 95.13% of the stock is currently owned by institutional investors and hedge funds.
In other news, Director Glenn W. Welling purchased 1,003,918 shares of the stock in a transaction dated Friday, March 1st. The shares were acquired at an average cost of $19.30 per share, for a total transaction of $19,375,617.40. Following the acquisition, the director now owns 21,577 shares of the company’s stock, valued at $416,436.10. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Engaged Capital Co-Invest Vi-D purchased 951,932 shares of the stock in a transaction dated Tuesday, March 5th. The stock was purchased at an average price of $19.97 per share, for a total transaction of $19,010,082.04. Following the completion of the acquisition, the insider now directly owns 21,577 shares in the company, valued at approximately $430,892.69. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 4,978,829 shares of company stock worth $101,772,309. 13.50% of the stock is owned by company insiders.
Several research analysts recently commented on HAIN shares. JPMorgan Chase & Co. downgraded shares of Hain Celestial Group from an “overweight” rating to a “neutral” rating and raised their price target for the stock from $20.00 to $23.00 in a research note on Monday, April 1st. BidaskClub downgraded shares of Hain Celestial Group from a “sell” rating to a “strong sell” rating in a research note on Tuesday, February 5th. TheStreet downgraded shares of Hain Celestial Group from a “c-” rating to a “d” rating in a research note on Thursday, February 14th. Piper Jaffray Companies set a $17.00 price target on shares of Hain Celestial Group and gave the stock a “hold” rating in a research note on Friday, February 8th. Finally, BMO Capital Markets reduced their price target on shares of Hain Celestial Group to $20.00 and set a “market perform” rating on the stock in a research note on Friday, February 8th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $24.54.
Hain Celestial Group stock traded up $0.03 during midday trading on Wednesday, hitting $23.93. 38,897 shares of the company’s stock were exchanged, compared to its average volume of 1,253,468. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.16 and a quick ratio of 1.22. Hain Celestial Group Inc has a 12 month low of $14.45 and a 12 month high of $31.53. The stock has a market cap of $2.46 billion, a price-to-earnings ratio of 20.45, a PEG ratio of 5.99 and a beta of 1.42.
Hain Celestial Group (NASDAQ:HAIN) last issued its earnings results on Thursday, May 9th. The company reported $0.21 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.21. Hain Celestial Group had a negative net margin of 10.14% and a positive return on equity of 4.51%. The company had revenue of $599.80 million for the quarter, compared to analysts’ expectations of $597.75 million. During the same period in the prior year, the business earned $0.37 EPS. The firm’s quarterly revenue was down 5.2% on a year-over-year basis. On average, equities analysts expect that Hain Celestial Group Inc will post 0.66 earnings per share for the current year.
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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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