Northern Trust Corp cut its position in The Hain Celestial Group, Inc. (NASDAQ:HAIN) by 3.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 839,976 shares of the company’s stock after selling 27,817 shares during the quarter. Northern Trust Corp owned 0.81% of The Hain Celestial Group worth $32,608,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. BlackRock Inc. raised its position in 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 valued at $317,676,000 after purchasing an additional 8,460,413 shares during the last quarter. Vanguard Group Inc. raised its position in The Hain Celestial Group by 4.4% in the first quarter. Vanguard Group Inc. now owns 8,235,002 shares of the company’s stock valued at $306,342,000 after purchasing an additional 345,199 shares during the last quarter. State Street Corp raised its position in The Hain Celestial Group by 2.1% in the first quarter. State Street Corp now owns 2,634,916 shares of the company’s stock valued at $98,012,000 after purchasing an additional 54,009 shares during the last quarter. Bank of New York Mellon Corp raised its position in The Hain Celestial Group by 7.1% in the second quarter. Bank of New York Mellon Corp now owns 2,013,304 shares of the company’s stock valued at $78,157,000 after purchasing an additional 133,141 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D raised its position in The Hain Celestial Group by 33.3% in the second quarter. State of New Jersey Common Pension Fund D now owns 2,000,000 shares of the company’s stock valued at $77,640,000 after purchasing an additional 500,000 shares during the last quarter. Hedge funds and other institutional investors own 91.98% of the company’s stock.

Shares of The Hain Celestial Group, Inc. (NASDAQ HAIN) opened at 41.51 on Tuesday. The company’s 50-day moving average price is $40.74 and its 200 day moving average price is $38.91. The firm has a market cap of $4.31 billion, a PE ratio of 63.86 and a beta of 1.28. The Hain Celestial Group, Inc. has a 1-year low of $31.01 and a 1-year high of $45.61.

The Hain Celestial Group (NASDAQ:HAIN) last released its quarterly earnings results on Tuesday, August 29th. The company reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.03. The business had revenue of $725.10 million during the quarter, compared to analyst estimates 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 quarterly revenue was down 1.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.43 EPS. On average, analysts predict that The Hain Celestial Group, Inc. will post $1.66 EPS for the current year.

The Hain Celestial Group declared that its board has approved a share repurchase plan on Thursday, June 22nd that allows the company to buyback $250.00 million in shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Shares buyback plans are generally a sign that the company’s board of directors believes its stock is undervalued.

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HAIN has been the subject of several research reports. Sanford C. Bernstein initiated coverage on The Hain Celestial Group in a research report on Friday, October 6th. They issued a “market perform” rating and a $45.00 target price for the company. Susquehanna Bancshares Inc set a $42.00 target price on The Hain Celestial Group and gave the company a “buy” rating in a research report on Tuesday, June 20th. BMO Capital Markets reiterated an “outperform” rating and issued a $38.00 target price (down from $45.00) on shares of The Hain Celestial Group in a research report on Monday, June 26th. UBS AG reiterated a “sell” rating and issued a $33.00 target price (up from $31.00) on shares of The Hain Celestial Group in a research report on Thursday, August 31st. Finally, Zacks Investment Research upgraded The Hain Celestial Group from a “hold” rating to a “buy” rating and set a $46.00 target price for the company in a research report on Tuesday, October 10th. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $41.78.

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.

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

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