Public Employees Retirement System of Ohio decreased its stake in shares of Hain Celestial Group Inc (NASDAQ:HAIN) by 10.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 41,113 shares of the company’s stock after selling 4,683 shares during the period. Public Employees Retirement System of Ohio’s holdings in Hain Celestial Group were worth $1,225,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of HAIN. Global X Management Co LLC raised its position in Hain Celestial Group by 113.7% in the second quarter. Global X Management Co LLC now owns 4,937 shares of the company’s stock worth $147,000 after acquiring an additional 2,627 shares during the period. Flagship Harbor Advisors LLC bought a new position in Hain Celestial Group in the second quarter worth approximately $194,000. Mercer Capital Advisers Inc. raised its position in Hain Celestial Group by 119.7% in the second quarter. Mercer Capital Advisers Inc. now owns 7,250 shares of the company’s stock worth $216,000 after acquiring an additional 3,950 shares during the period. Wedbush Securities Inc. bought a new position in Hain Celestial Group in the second quarter worth approximately $218,000. Finally, HPM Partners LLC bought a new position in Hain Celestial Group in the second quarter worth approximately $241,000. Institutional investors own 92.47% of the company’s stock.
Shares of NASDAQ HAIN opened at $25.25 on Friday. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.49 and a quick ratio of 1.56. The firm has a market capitalization of $2.82 billion, a PE ratio of 21.77, a PEG ratio of 2.92 and a beta of 1.14. Hain Celestial Group Inc has a 1 year low of $24.89 and a 1 year high of $44.37.
Hain Celestial Group (NASDAQ:HAIN) last announced its quarterly earnings data on Tuesday, August 28th. The company reported $0.27 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.01. The firm had revenue of $619.60 million during the quarter, compared to analysts’ expectations of $629.25 million. Hain Celestial Group had a net margin of 0.35% and a return on equity of 7.37%. The company’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.41 earnings per share. As a group, research analysts predict that Hain Celestial Group Inc will post 1.24 earnings per share for the current fiscal year.
Several research analysts have weighed in on the stock. BidaskClub upgraded shares of Hain Celestial Group from a “sell” rating to a “hold” rating in a research report on Wednesday, June 20th. Jefferies Financial Group reiterated a “buy” rating and issued a $40.00 price target on shares of Hain Celestial Group in a research report on Monday, June 25th. Citigroup decreased their price target on shares of Hain Celestial Group from $40.00 to $36.00 and set a “buy” rating on the stock in a research report on Monday, June 25th. ValuEngine upgraded shares of Hain Celestial Group from a “strong sell” rating to a “sell” rating in a research report on Tuesday, October 2nd. Finally, Piper Jaffray Companies assumed coverage on shares of Hain Celestial Group in a research report on Friday. They issued a “hold” rating and a $26.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have issued a buy rating to the stock. Hain Celestial Group has an average rating of “Hold” and an average price target of $32.53.
About Hain Celestial Group
The Hain Celestial Group, Inc manufactures, markets, distributes, and sells organic and natural products. The company operates in seven segments: the United States, United Kingdom, Tilda, Ella's Kitchen UK, Canada, Europe, and Cultivate. It offers infant formula; infant, toddler, and kids foods; diapers and wipes; rice and grain-based products; plant-based beverages and frozen desserts, such as soy, rice, oat, almond, and coconut; 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; yogurts; chilies; chocolates; and nut butters.
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