Rice Hall James & Associates LLC raised its position in shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN) by 26.1% during the second quarter, Holdings Channel reports. The fund owned 387,717 shares of the company’s stock after buying an additional 80,341 shares during the period. Rice Hall James & Associates LLC’s holdings in The Hain Celestial Group were worth $15,051,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. AQR Capital Management LLC boosted its position in shares of The Hain Celestial Group by 46.7% in the fourth quarter. AQR Capital Management LLC now owns 13,293 shares of the company’s stock worth $519,000 after buying an additional 4,233 shares during the last quarter. UBS Asset Management Americas Inc. boosted its position in shares of The Hain Celestial Group by 10.0% in the fourth quarter. UBS Asset Management Americas Inc. now owns 652,562 shares of the company’s stock worth $25,469,000 after buying an additional 59,266 shares during the last quarter. Creative Planning boosted its position in shares of The Hain Celestial Group by 14.0% in the first quarter. Creative Planning now owns 4,852 shares of the company’s stock worth $180,000 after buying an additional 597 shares during the last quarter. Bank of Montreal Can boosted its position in shares of The Hain Celestial Group by 740.5% in the first quarter. Bank of Montreal Can now owns 355,971 shares of the company’s stock worth $13,242,000 after buying an additional 313,621 shares during the last quarter. Finally, Capstone Asset Management Co. boosted its position in shares of The Hain Celestial Group by 2.9% in the first quarter. Capstone Asset Management Co. now owns 9,482 shares of the company’s stock worth $353,000 after buying an additional 270 shares during the last quarter. Institutional investors and hedge funds own 85.96% of the company’s stock.

The Hain Celestial Group, Inc. (NASDAQ:HAIN) opened at 43.34 on Friday. The firm’s 50-day moving average price is $40.70 and its 200 day moving average price is $37.58. The Hain Celestial Group, Inc. has a 12 month low of $31.01 and a 12 month high of $55.62. The stock’s market cap is $4.49 billion.

The Hain Celestial Group (NASDAQ:HAIN) last issued its quarterly earnings data on Thursday, June 22nd. The company reported $0.33 earnings per share 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 analysts’ expectations of $721 million. The Hain Celestial Group had a negative return on equity of 1.09% and a negative net margin of 0.75%. On average, analysts anticipate that The Hain Celestial Group, Inc. will post $1.20 earnings per share for the current year.

The Hain Celestial Group announced that its Board of Directors has authorized 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 repurchase shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.

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A number of research analysts have commented on HAIN shares. Vetr upgraded shares of The Hain Celestial Group from a “hold” rating to a “buy” rating and set a $38.90 price target on the stock in a research report on Tuesday, April 18th. Jefferies Group LLC reiterated a “buy” rating and set a $50.00 price target on shares of The Hain Celestial Group in a research report on Friday, May 12th. Susquehanna Bancshares Inc set a $45.00 price target on shares of The Hain Celestial Group and gave the company a “buy” rating in a research report on Saturday, May 13th. Zacks Investment Research upgraded shares of The Hain Celestial Group from a “sell” rating to a “hold” rating in a research report on Tuesday, May 16th. Finally, Oppenheimer Holdings, Inc. reiterated a “market perform” rating on shares of The Hain Celestial Group in a research report on Wednesday, May 17th. Three research analysts have rated the stock with a sell rating, fifteen have given a hold rating and seven have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $41.44.

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.

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

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