Proxima Capital Management LLC Purchases New Position in The Hain Celestial Group, Inc. (HAIN)

Proxima Capital Management LLC purchased a new stake in The Hain Celestial Group, Inc. (NASDAQ:HAIN) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 105,000 shares of the company’s stock, valued at approximately $4,076,000. The Hain Celestial Group comprises approximately 2.2% of Proxima Capital Management LLC’s investment portfolio, making the stock its 19th largest holding. Proxima Capital Management LLC owned approximately 0.10% of The Hain Celestial Group as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Invictus RG bought a new position in shares of The Hain Celestial Group in the 1st quarter valued at $174,000. Miles Capital Inc. bought a new position in shares of The Hain Celestial Group in the 2nd quarter valued at $201,000. Tudor Investment Corp ET AL bought a new position in shares of The Hain Celestial Group in the 1st quarter valued at $201,000. BB&T Securities LLC bought a new position in shares of The Hain Celestial Group in the 1st quarter valued at $213,000. Finally, Virtu KCG Holdings LLC bought a new position in shares of The Hain Celestial Group in the 2nd quarter valued at $241,000. Institutional investors own 91.97% of the company’s stock.

Shares of The Hain Celestial Group, Inc. (NASDAQ HAIN) traded down 0.10% on Friday, reaching $41.93. The company’s stock had a trading volume of 205,993 shares. The Hain Celestial Group, Inc. has a 12 month low of $31.01 and a 12 month high of $45.61. The stock has a 50 day moving average of $40.66 and a 200-day moving average of $38.86. The firm has a market cap of $4.35 billion, a price-to-earnings ratio of 64.51 and a beta of 1.28.

The Hain Celestial Group (NASDAQ:HAIN) last posted its quarterly earnings results on Tuesday, August 29th. The company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.03. The Hain Celestial Group had a net margin of 2.36% and a return on equity of 7.65%. The business had revenue of $725.10 million during the quarter, compared to analyst estimates of $720.70 million. During the same period in the prior year, the business posted $0.43 earnings per share. The company’s revenue was down 1.7% on a year-over-year basis. On average, analysts anticipate that The Hain Celestial Group, Inc. will post $1.66 EPS for the current year.

The Hain Celestial Group announced that its board has initiated a stock repurchase plan on Thursday, June 22nd that allows the company to buyback $250.00 million in shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s leadership believes its stock is undervalued.

Several equities analysts have recently issued reports on the company. Zacks Investment Research upgraded The Hain Celestial Group from a “hold” rating to a “buy” rating and set a $46.00 price target on the stock in a research note on Tuesday. Sanford C. Bernstein assumed coverage on The Hain Celestial Group in a research note on Friday, October 6th. They issued a “market perform” rating and a $45.00 price target on the stock. Wells Fargo & Company reiterated a “market perform” rating and issued a $42.00 price target on shares of The Hain Celestial Group in a research note on Saturday, September 30th. Susquehanna Bancshares Inc reiterated a “hold” rating and issued a $45.00 price target on shares of The Hain Celestial Group in a research note on Thursday, September 14th. Finally, Barclays PLC reiterated a “hold” rating and issued a $39.00 price target on shares of The Hain Celestial Group in a research note on Friday, September 1st. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and five have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $41.78.

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The 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.

Institutional Ownership by Quarter for The Hain Celestial Group (NASDAQ:HAIN)

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