Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lowered its position in The Hain Celestial Group, Inc. (NASDAQ:HAIN) by 4.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 586,365 shares of the company’s stock after selling 26,670 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA owned about 0.57% of The Hain Celestial Group worth $26,216,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of HAIN. BlackRock Inc. increased its position in shares of The Hain Celestial Group by 10,665.5% in the first quarter. BlackRock Inc. now owns 8,539,738 shares of the company’s stock worth $317,676,000 after buying an additional 8,460,413 shares during the last quarter. Glenview Capital Management LLC bought a new position in The Hain Celestial Group during the first quarter worth approximately $102,266,000. FMR LLC boosted its position in The Hain Celestial Group by 40.0% in the first quarter. FMR LLC now owns 7,899,213 shares of the company’s stock worth $293,851,000 after buying an additional 2,258,735 shares during the period. Engaged Capital LLC bought a new position in The Hain Celestial Group during the first quarter worth approximately $70,208,000. Finally, Litespeed Management L.L.C. bought a new position in The Hain Celestial Group during the first quarter worth approximately $19,916,000. Institutional investors and hedge funds own 85.07% of the company’s stock.

Shares of The Hain Celestial Group, Inc. (HAIN) opened at 40.40 on Friday. The Hain Celestial Group, Inc. has a 52-week low of $31.01 and a 52-week high of $45.61. The company’s 50-day moving average is $42.23 and its 200 day moving average is $37.76. The company’s market cap is $4.19 billion.

The Hain Celestial Group (NASDAQ:HAIN) last issued its quarterly earnings results on Thursday, June 22nd. The company reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.52 by $0.19. The company had revenue of $706.56 million during the quarter, compared to analysts’ expectations of $721 million. The Hain Celestial Group had a negative return on equity of 1.09% and a negative net margin of 0.75%. On average, analysts anticipate that The Hain Celestial Group, Inc. will post $1.20 EPS for the current year.

The Hain Celestial Group declared that its board has authorized a share repurchase program on Thursday, June 22nd that allows the company to repurchase $250.00 million in shares. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

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A number of equities analysts have commented on the stock. Susquehanna Bancshares Inc set a $45.00 price objective on shares of The Hain Celestial Group and gave the stock a “buy” rating in a research report on Saturday, May 13th. UBS AG reaffirmed a “sell” rating and set a $31.00 price objective (down from $33.00) on shares of The Hain Celestial Group in a research report on Sunday, June 25th. Wells Fargo & Company set a $42.00 price objective on shares of The Hain Celestial Group and gave the stock a “hold” rating in a research report on Saturday, July 1st. BidaskClub cut shares of The Hain Celestial Group from a “buy” rating to a “hold” rating in a research report on Wednesday, August 9th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $50.00 price objective on shares of The Hain Celestial Group in a research report on Friday, June 9th. One analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $41.23.

About The 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.

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

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