Engaged Capital LLC
recently revealed that they own 11.3% of Hain Celestial Group Inc (NASDAQ:HAIN) in a Form 13D/A disclosure that was filed with the SEC on Thursday, March 1st. The investor owns 11,761,242 shares of the stock worth $401,881,639. The reporting parties listed on the disclosure included Engaged Capital Flagship Master Fund, LP, Engaged Capital CoInvest VI, LP, Engaged Capital CoInvest VIA, LP, Engaged Capital CoInvest VIB, LP, Engaged Capital CoInvest VIC, LP, Engaged Capital Flagship Fund, LP, Engaged Capital Flagship Fund, Ltd, Engaged Capital, LLC, Engaged Capital Holdings, LLC and Glenn W Welling. The disclosure is available through EDGAR at this hyperlink.
provided the following explanation of their ownership:
A number of other institutional investors and hedge funds have also modified their holdings of HAIN. Thrivent Financial For Lutherans raised its position in shares of Hain Celestial Group by 443.9% during the fourth quarter. Thrivent Financial For Lutherans now owns 1,537,905 shares of the company’s stock worth $65,192,000 after purchasing an additional 1,255,130 shares during the period. Point72 Asset Management L.P. raised its position in shares of Hain Celestial Group by 104.2% during the third quarter. Point72 Asset Management L.P. now owns 1,752,500 shares of the company’s stock worth $72,115,000 after purchasing an additional 894,300 shares during the period. Eagle Asset Management Inc. acquired a new position in shares of Hain Celestial Group during the third quarter worth approximately $32,091,000. Carillon Tower Advisers Inc. acquired a new position in shares of Hain Celestial Group during the fourth quarter worth approximately $24,761,000. Finally, PGGM Investments raised its position in shares of Hain Celestial Group by 74.4% during the fourth quarter. PGGM Investments now owns 761,297 shares of the company’s stock worth $32,271,000 after purchasing an additional 324,708 shares during the period. 93.10% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities analysts have recently weighed in 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 research analysts have rated the stock with a sell rating, twelve have given a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $41.11.
Hain Celestial Group Inc (HAIN) traded down $0.61 during midday trading on Thursday, reaching $34.17. The company had a trading volume of 154,548 shares, compared to its average volume of 1,280,000. The stock has a market cap of $3,550.00, a price-to-earnings ratio of 48.13, a P/E/G ratio of 1.11 and a beta of 1.09. Hain Celestial Group Inc has a twelve month low of $31.01 and a twelve month high of $45.61. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.44 and a quick ratio of 1.19.
Hain Celestial Group (NASDAQ:HAIN) last released its quarterly earnings results on Wednesday, February 7th. The company reported $0.41 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.01). The company had revenue of $775.20 million during the quarter, compared to analysts’ expectations of $774.50 million. Hain Celestial Group had a net margin of 3.38% and a return on equity of 8.35%. The company’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.32 earnings per share. research analysts anticipate that Hain Celestial Group Inc will post 1.66 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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