Pinnacle Associates Ltd. lessened its position in Hain Celestial Group Inc (NASDAQ:HAIN) by 27.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 17,560 shares of the company’s stock after selling 6,590 shares during the quarter. Pinnacle Associates Ltd.’s holdings in Hain Celestial Group were worth $744,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently made changes to their positions in HAIN. Stifel Financial Corp grew its stake in Hain Celestial Group by 12.3% in the third quarter. Stifel Financial Corp now owns 25,881 shares of the company’s stock valued at $1,063,000 after purchasing an additional 2,843 shares in the last quarter. Hussman Strategic Advisors Inc. bought a new position in Hain Celestial Group in the third quarter valued at approximately $2,058,000. Schwab Charles Investment Management Inc. grew its stake in Hain Celestial Group by 10.4% in the third quarter. Schwab Charles Investment Management Inc. now owns 455,205 shares of the company’s stock valued at $18,732,000 after purchasing an additional 42,972 shares in the last quarter. Engineers Gate Manager LP bought a new position in Hain Celestial Group in the third quarter valued at approximately $804,000. Finally, Candriam Luxembourg S.C.A. bought a new position in Hain Celestial Group in the third quarter valued at approximately $494,000. 93.10% of the stock is currently owned by institutional investors and hedge funds.
A number of research firms have weighed in on HAIN. Jefferies Group restated a “buy” rating and issued a $52.00 price target on shares of Hain Celestial Group in a research note on Wednesday, February 7th. BMO Capital Markets decreased their price target on Hain Celestial Group from $44.00 to $39.00 and set a “market perform” rating for the company in a research note on Thursday, February 8th. Loop Capital restated a “hold” rating and issued a $38.00 price target on shares of Hain Celestial Group in a research note on Friday, December 22nd. Zacks Investment Research downgraded Hain Celestial Group from a “hold” rating to a “sell” rating in a research note on Tuesday, January 9th. Finally, Barclays restated a “hold” rating and issued a $36.00 price target on shares of Hain Celestial Group in a research note on Friday, February 9th. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and three have assigned a buy rating to the company’s stock. Hain Celestial Group presently has an average rating of “Hold” and an average price target of $41.11.
Hain Celestial Group (NASDAQ:HAIN) last issued its earnings results on Wednesday, February 7th. The company reported $0.41 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by ($0.01). Hain Celestial Group had a return on equity of 8.35% and a net margin of 3.38%. The business had revenue of $775.20 million for the quarter, compared to the consensus estimate of $774.50 million. During the same quarter in the prior year, the firm posted $0.32 earnings per share. The business’s revenue was up 4.8% compared to the same quarter last year. research analysts anticipate that Hain Celestial Group Inc will post 1.66 earnings per share for the current fiscal year.
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About 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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