DekaBank Deutsche Girozentrale bought a new stake in Hain Celestial Group Inc (NASDAQ:HAIN) in the third quarter, HoldingsChannel.com reports. The fund bought 23,200 shares of the company’s stock, valued at approximately $614,000.

Other hedge funds have also bought and sold shares of the company. Bank of New York Mellon Corp boosted its stake in shares of Hain Celestial Group by 14.6% during the third quarter. Bank of New York Mellon Corp now owns 1,975,057 shares of the company’s stock valued at $53,564,000 after purchasing an additional 251,624 shares during the period. Janus Henderson Group PLC boosted its stake in shares of Hain Celestial Group by 3,862.2% during the third quarter. Janus Henderson Group PLC now owns 738,747 shares of the company’s stock valued at $20,035,000 after purchasing an additional 720,102 shares during the period. Heartland Advisors Inc. purchased a new stake in shares of Hain Celestial Group during the third quarter valued at $7,337,000. Swiss National Bank boosted its stake in shares of Hain Celestial Group by 3.8% during the third quarter. Swiss National Bank now owns 170,114 shares of the company’s stock valued at $4,613,000 after purchasing an additional 6,200 shares during the period. Finally, Commonwealth Bank of Australia purchased a new stake in shares of Hain Celestial Group during the third quarter valued at $314,000. 93.23% of the stock is owned by hedge funds and other institutional investors.

A number of analysts have recently issued reports on the stock. BidaskClub lowered shares of Hain Celestial Group from a “hold” rating to a “sell” rating in a research note on Tuesday. JPMorgan Chase & Co. boosted their target price on shares of Hain Celestial Group from $27.00 to $28.00 and gave the company a “neutral” rating in a research note on Wednesday, August 29th. Loop Capital set a $29.00 target price on shares of Hain Celestial Group and gave the company a “hold” rating in a research note on Tuesday, August 28th. BMO Capital Markets reissued a “hold” rating and set a $25.00 target price on shares of Hain Celestial Group in a research note on Tuesday, November 13th. Finally, UBS Group set a $21.00 target price on shares of Hain Celestial Group and gave the company a “sell” rating in a research note on Friday, November 9th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and five have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $30.40.

HAIN stock opened at $19.30 on Friday. The company has a quick ratio of 1.37, a current ratio of 2.32 and a debt-to-equity ratio of 0.41. The stock has a market capitalization of $2.10 billion, a P/E ratio of 16.64, a PEG ratio of 2.29 and a beta of 1.07. Hain Celestial Group Inc has a 1-year low of $19.04 and a 1-year high of $42.71.

Hain Celestial Group (NASDAQ:HAIN) last released its quarterly earnings data on Thursday, November 8th. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.04). The firm had revenue of $560.88 million during the quarter, compared to the consensus estimate of $588.12 million. Hain Celestial Group had a negative net margin of 1.84% and a positive return on equity of 6.67%. The business’s revenue was down 4.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.20 earnings per share. On average, sell-side analysts anticipate that Hain Celestial Group Inc will post 1.17 EPS for the current fiscal year.

In other news, insider Mark L. Schiller acquired 45,800 shares of the firm’s stock in a transaction that occurred on Monday, November 12th. The stock was purchased at an average cost of $22.88 per share, for a total transaction of $1,047,904.00. Following the completion of the acquisition, the insider now directly owns 124,355 shares of the company’s stock, valued at approximately $2,845,242.40. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 13.50% of the company’s stock.

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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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Want to see what other hedge funds are holding HAIN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hain Celestial Group Inc (NASDAQ:HAIN).

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

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