State of Tennessee Treasury Department continued to hold its stake in shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 50,000 shares of the company’s stock at the close of the second quarter. State of Tennessee Treasury Department’s holdings in The Hain Celestial Group were worth $1,941,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in HAIN. Bank of New York Mellon Corp boosted its position in The Hain Celestial Group by 9.8% in the first quarter. Bank of New York Mellon Corp now owns 1,880,163 shares of the company’s stock worth $69,943,000 after purchasing an additional 168,466 shares during the last quarter. Swiss National Bank boosted its position in The Hain Celestial Group by 0.6% in the first quarter. Swiss National Bank now owns 171,114 shares of the company’s stock worth $6,365,000 after purchasing an additional 1,000 shares during the last quarter. World Asset Management Inc boosted its position in The Hain Celestial Group by 11.2% in the first quarter. World Asset Management Inc now owns 6,999 shares of the company’s stock worth $260,000 after purchasing an additional 705 shares during the last quarter. Karp Capital Management Corp purchased a new position in The Hain Celestial Group in the first quarter worth about $895,000. Finally, Ameriprise Financial Inc. boosted its position in The Hain Celestial Group by 4.6% in the first quarter. Ameriprise Financial Inc. now owns 584,369 shares of the company’s stock worth $21,733,000 after purchasing an additional 25,615 shares during the last quarter. 91.98% of the stock is currently owned by institutional investors and hedge funds.

ILLEGAL ACTIVITY WARNING: “The Hain Celestial Group, Inc. (HAIN) Position Held by State of Tennessee Treasury Department” was reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this piece of content on another website, it was illegally stolen and reposted in violation of U.S. and international copyright & trademark law. The correct version of this piece of content can be accessed at https://www.thecerbatgem.com/2017/09/19/the-hain-celestial-group-inc-hain-position-held-by-state-of-tennessee-treasury-department.html.

The Hain Celestial Group, Inc. (NASDAQ HAIN) opened at 41.32 on Tuesday. The company has a 50-day moving average price of $41.75 and a 200-day moving average price of $38.27. 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 market capitalization of $4.28 billion, a PE ratio of 63.57 and a beta of 1.25.

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

The Hain Celestial Group declared that its Board of Directors has initiated a share repurchase program on Thursday, June 22nd that allows the company to buyback $250.00 million in outstanding shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s management believes its stock is undervalued.

Several research analysts have issued reports on HAIN shares. Susquehanna Bancshares Inc cut The Hain Celestial Group from a “positive” rating to a “neutral” rating in a research report on Tuesday, August 22nd. J P Morgan Chase & Co reissued a “neutral” rating on shares of The Hain Celestial Group in a research report on Friday, June 30th. Citigroup Inc. reissued a “buy” rating and issued a $46.00 target price (down from $62.00) on shares of The Hain Celestial Group in a research report on Monday, July 10th. BidaskClub cut The Hain Celestial Group from a “buy” rating to a “hold” rating in a research report on Wednesday, August 9th. Finally, Royal Bank Of Canada lifted their price objective on The Hain Celestial Group from $39.00 to $41.00 and gave the company a “sector perform” rating in a research report on Wednesday, August 30th. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $41.28.

The Hain Celestial Group Company 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)

Receive News & Stock Ratings for The Hain Celestial Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Hain Celestial Group Inc. and related stocks with our FREE daily email newsletter.