Philadelphia Trust Co. lowered its stake in shares of Hain Celestial Group Inc (NASDAQ:HAIN) by 0.6% during the second quarter, Holdings Channel reports. The institutional investor owned 298,028 shares of the company’s stock after selling 1,940 shares during the quarter. Philadelphia Trust Co.’s holdings in Hain Celestial Group were worth $8,881,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Neuberger Berman Group LLC raised its holdings in shares of Hain Celestial Group by 29.3% in the 1st quarter. Neuberger Berman Group LLC now owns 5,198,070 shares of the company’s stock valued at $166,702,000 after buying an additional 1,177,335 shares during the period. State of New Jersey Common Pension Fund D raised its holdings in shares of Hain Celestial Group by 28.6% in the 2nd quarter. State of New Jersey Common Pension Fund D now owns 2,700,000 shares of the company’s stock valued at $80,460,000 after buying an additional 600,000 shares during the period. Summit Trail Advisors LLC raised its holdings in shares of Hain Celestial Group by 2,341.5% in the 1st quarter. Summit Trail Advisors LLC now owns 616,341 shares of the company’s stock valued at $616,000 after buying an additional 591,097 shares during the period. P Schoenfeld Asset Management LP purchased a new stake in shares of Hain Celestial Group in the 1st quarter valued at $18,120,000. Finally, Bank of New York Mellon Corp raised its holdings in shares of Hain Celestial Group by 46.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,723,433 shares of the company’s stock valued at $51,358,000 after buying an additional 545,113 shares during the period. 88.13% of the stock is currently owned by institutional investors and hedge funds.

Shares of NASDAQ HAIN opened at $28.28 on Friday. The company has a current ratio of 2.49, a quick ratio of 1.83 and a debt-to-equity ratio of 0.40. Hain Celestial Group Inc has a 1-year low of $25.41 and a 1-year high of $44.37. The stock has a market cap of $2.90 billion, a price-to-earnings ratio of 24.38, a P/E/G ratio of 2.54 and a beta of 0.96.

Hain Celestial Group (NASDAQ:HAIN) last issued its quarterly earnings results on Tuesday, August 28th. The company reported $0.27 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.01. Hain Celestial Group had a return on equity of 7.37% and a net margin of 0.35%. The company had revenue of $619.60 million for the quarter, compared to the consensus estimate of $629.25 million. During the same quarter in the prior year, the business earned $0.41 EPS. Hain Celestial Group’s revenue was up 2.8% on a year-over-year basis. research analysts expect that Hain Celestial Group Inc will post 1.22 earnings per share for the current fiscal year.

Several equities research analysts recently issued reports on the company. Zacks Investment Research upgraded Hain Celestial Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 10th. Citigroup cut their price objective on Hain Celestial Group from $40.00 to $36.00 and set a “buy” rating on the stock in a report on Monday, June 25th. Jefferies Financial Group reiterated a “buy” rating and issued a $40.00 price objective on shares of Hain Celestial Group in a report on Monday, June 25th. ValuEngine downgraded Hain Celestial Group from a “sell” rating to a “strong sell” rating in a report on Monday, July 2nd. Finally, BidaskClub upgraded Hain Celestial Group from a “sell” rating to a “hold” rating in a report on Wednesday, June 20th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $33.53.

About Hain Celestial Group

The Hain Celestial Group, Inc manufactures, markets, distributes, and sells organic and natural products. Its grocery products include infant formula; infant, toddler, and kids foods; diapers and wipes; rice and grain-based products; flour and baking mixes; breads, hot and cold cereals, pasta, condiments, cooking and culinary oils, granolas, and cereal bars; canned, chilled fresh, aseptic, and instant soups; Greek-style yogurts; chilies and packaged grains; chocolates; and nut butters, as well as plant-based beverages and frozen desserts, such as soy, rice, oat, almond, and coconut.

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

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