The Hain Celestial Group, Inc. (HAIN) Position Decreased by US Bancorp DE

US Bancorp DE cut its stake in shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN) by 68.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 60,694 shares of the company’s stock after selling 130,602 shares during the period. US Bancorp DE owned approximately 0.06% of The Hain Celestial Group worth $2,356,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. State Treasurer State of Michigan raised its position in The Hain Celestial Group by 1.4% in the second quarter. State Treasurer State of Michigan now owns 42,600 shares of the company’s stock valued at $1,654,000 after buying an additional 600 shares during the last quarter. Maple Capital Management Inc. raised its position in The Hain Celestial Group by 34.2% in the second quarter. Maple Capital Management Inc. now owns 7,655 shares of the company’s stock valued at $297,000 after buying an additional 1,950 shares during the last quarter. Assenagon Asset Management S.A. bought a new position in The Hain Celestial Group during the second quarter valued at $3,872,000. Louisiana State Employees Retirement System raised its position in The Hain Celestial Group by 3.4% in the second quarter. Louisiana State Employees Retirement System now owns 27,000 shares of the company’s stock valued at $1,048,000 after buying an additional 900 shares during the last quarter. Finally, LS Investment Advisors LLC raised its position in The Hain Celestial Group by 19.2% in the second quarter. LS Investment Advisors LLC now owns 8,221 shares of the company’s stock valued at $319,000 after buying an additional 1,324 shares during the last quarter. 85.07% of the stock is currently owned by hedge funds and other institutional investors.

The Hain Celestial Group, Inc. (NASDAQ HAIN) opened at 42.40 on Friday. The company’s market capitalization is $4.40 billion. The Hain Celestial Group, Inc. has a 12-month low of $31.01 and a 12-month high of $45.61. The company’s 50 day moving average price is $41.96 and its 200-day moving average price is $37.69.

The Hain Celestial Group (NASDAQ:HAIN) last issued its quarterly earnings data on Thursday, June 22nd. The company reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.52 by $0.19. The company had revenue of $706.56 million for the quarter, compared to the consensus estimate of $721 million. The Hain Celestial Group had a negative return on equity of 1.09% and a negative net margin of 0.75%. Equities analysts forecast that The Hain Celestial Group, Inc. will post $1.20 earnings per share for the current fiscal year.

The Hain Celestial Group announced that its Board of Directors has approved a share repurchase program on Thursday, June 22nd that authorizes the company to buyback $250.00 million in shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board believes its stock is undervalued.

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Several equities analysts have weighed in on the company. BidaskClub lowered The Hain Celestial Group from a “buy” rating to a “hold” rating in a research note on Wednesday, August 9th. Loop Capital assumed coverage on The Hain Celestial Group in a research note on Monday, July 31st. They issued a “hold” rating and a $46.00 target price on the stock. Susquehanna Bancshares Inc set a $46.00 target price on The Hain Celestial Group and gave the company a “buy” rating in a research note on Tuesday, July 18th. Maxim Group raised The Hain Celestial Group from a “hold” rating to a “buy” rating and set a $50.00 target price on the stock in a research note on Thursday, July 13th. Finally, Citigroup Inc. restated a “buy” rating and issued a $46.00 price target (down from $62.00) on shares of The Hain Celestial Group in a report on Monday, July 10th. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and five have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $41.30.

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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