Miles Capital Inc. bought a new stake in The Hain Celestial Group, Inc. (NASDAQ:HAIN) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 5,190 shares of the company’s stock, valued at approximately $201,000.

Other large investors have also recently added to or reduced their stakes in the company. BlackRock Inc. raised its position in The Hain Celestial Group by 10,665.5% during the first quarter. BlackRock Inc. now owns 8,539,738 shares of the company’s stock worth $317,676,000 after acquiring an additional 8,460,413 shares in the last quarter. Vanguard Group Inc. grew its position in shares of The Hain Celestial Group by 1.3% in the 2nd quarter. Vanguard Group Inc. now owns 8,339,036 shares of the company’s stock valued at $323,722,000 after acquiring an additional 104,034 shares during the period. FMR LLC grew its position in shares of The Hain Celestial Group by 40.0% in the 1st quarter. FMR LLC now owns 7,899,213 shares of the company’s stock valued at $293,851,000 after acquiring an additional 2,258,735 shares during the period. Glenview Capital Management LLC bought a new position in shares of The Hain Celestial Group in the 1st quarter valued at about $102,266,000. Finally, State Street Corp grew its position in shares of The Hain Celestial Group by 2.1% in the 1st quarter. State Street Corp now owns 2,634,916 shares of the company’s stock valued at $98,012,000 after acquiring an additional 54,009 shares during the period. 91.97% of the stock is owned by institutional investors and hedge funds.

Several research analysts have recently weighed in on HAIN shares. Wells Fargo & Company restated a “market perform” rating and set a $42.00 price objective on shares of The Hain Celestial Group in a research note on Saturday. Susquehanna Bancshares Inc downgraded shares of The Hain Celestial Group from a “positive” rating to a “neutral” rating in a research note 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. restated a “buy” rating and issued a $46.00 price objective (down previously from $62.00) on shares of The Hain Celestial Group in a research note on Monday, July 10th. Finally, BidaskClub cut The Hain Celestial Group from a “buy” rating to a “hold” rating in a research report on Wednesday, August 9th. Two research analysts have rated the stock with a sell rating, fourteen 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 $41.28.

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The Hain Celestial Group, Inc. (NASDAQ:HAIN) traded down 1.46% during trading on Tuesday, hitting $41.19. The stock had a trading volume of 212,600 shares. The company has a 50-day moving average of $40.89 and a 200-day moving average of $38.62. The stock has a market capitalization of $4.27 billion, a P/E ratio of 63.37 and a beta of 1.28. The Hain Celestial Group, Inc. has a 52 week low of $31.01 and a 52 week high of $45.61.

The Hain Celestial Group (NASDAQ:HAIN) last announced 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 Hain Celestial Group had a net margin of 2.36% and a return on equity of 7.65%. The firm had revenue of $725.10 million for the quarter, compared to the consensus estimate of $720.70 million. During the same period in the prior year, the firm posted $0.43 earnings per share. The company’s revenue for the quarter was down 1.7% on a year-over-year basis. On average, equities analysts expect that The Hain Celestial Group, Inc. will post $1.66 earnings per share for the current fiscal year.

The Hain Celestial Group announced that its board has initiated a stock buyback program on Thursday, June 22nd that permits the company to repurchase $250.00 million in outstanding shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

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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