First Allied Advisory Services Inc. cut its stake in shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN) by 10.7% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 16,808 shares of the company’s stock after selling 2,024 shares during the period. First Allied Advisory Services Inc.’s holdings in The Hain Celestial Group were worth $652,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Invictus RG bought a new stake in shares of The Hain Celestial Group in the first quarter worth $174,000. Tudor Investment Corp ET AL bought a new stake in shares of The Hain Celestial Group in the first quarter worth $201,000. BB&T Securities LLC bought a new stake in shares of The Hain Celestial Group in the first quarter worth $213,000. Virtu KCG Holdings LLC bought a new stake in shares of The Hain Celestial Group in the second quarter worth $241,000. Finally, Flagship Harbor Advisors LLC grew its stake in shares of The Hain Celestial Group by 8.2% in the first quarter. Flagship Harbor Advisors LLC now owns 6,539 shares of the company’s stock worth $243,000 after purchasing an additional 496 shares during the last quarter. Institutional investors own 91.97% of the company’s stock.

Shares of The Hain Celestial Group, Inc. (HAIN) opened at 41.38 on Thursday. The Hain Celestial Group, Inc. has a 12 month low of $31.01 and a 12 month high of $45.61. The company has a market cap of $4.29 billion, a PE ratio of 63.66 and a beta of 1.28. The firm’s 50-day moving average is $40.76 and its 200-day moving average is $38.67.

The Hain Celestial Group (NASDAQ:HAIN) last released its quarterly earnings data on Tuesday, August 29th. The company reported $0.43 earnings per share (EPS) for the quarter, beating 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 analysts’ expectations of $720.70 million. During the same quarter in the previous year, the company earned $0.43 earnings per share. The company’s revenue for the quarter was down 1.7% compared to the same quarter last year. On average, equities research analysts predict that The Hain Celestial Group, Inc. will post $1.66 earnings per share for the current year.

The Hain Celestial Group declared that its board has initiated a share repurchase plan on Thursday, June 22nd that permits the company to repurchase $250.00 million in outstanding shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

Several analysts recently weighed in on the stock. Loop Capital assumed coverage on shares of The Hain Celestial Group in a research note on Monday, July 31st. They issued a “hold” rating and a $46.00 price objective on the stock. BidaskClub raised shares of The Hain Celestial Group from a “hold” rating to a “buy” rating in a research note on Wednesday, August 2nd. UBS AG cut shares of The Hain Celestial Group from a “positive” rating to a “neutral” rating in a research note on Tuesday, August 22nd. Susquehanna Bancshares Inc cut shares of The Hain Celestial Group from a “positive” rating to a “neutral” rating in a research note on Tuesday, August 22nd. Finally, Wells Fargo & Company reissued a “market perform” rating and issued a $42.00 price objective on shares of The Hain Celestial Group in a research note on Saturday, September 30th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and four have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $41.28.

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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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