BlackRock Inc. lessened its stake in shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN) by 1.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 8,405,310 shares of the company’s stock after selling 134,428 shares during the period. BlackRock Inc. owned approximately 8.11% of The Hain Celestial Group worth $326,294,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in The Hain Celestial Group by 4.4% during the 1st quarter. Vanguard Group Inc. now owns 8,235,002 shares of the company’s stock worth $306,342,000 after purchasing an additional 345,199 shares during the last quarter. FMR LLC grew its position in The Hain Celestial Group by 40.0% during the 1st quarter. FMR LLC now owns 7,899,213 shares of the company’s stock worth $293,851,000 after purchasing an additional 2,258,735 shares during the last quarter. Glenview Capital Management LLC purchased a new stake in The Hain Celestial Group during the 1st quarter worth approximately $102,266,000. State Street Corp grew its position in The Hain Celestial Group by 2.1% during the 1st quarter. State Street Corp now owns 2,634,916 shares of the company’s stock worth $98,012,000 after purchasing an additional 54,009 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its position in The Hain Celestial Group by 7.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,013,304 shares of the company’s stock worth $78,157,000 after purchasing an additional 133,141 shares during the last quarter. 91.97% of the stock is currently owned by institutional investors.

The Hain Celestial Group, Inc. (NASDAQ HAIN) opened at 41.15 on Friday. The company has a 50 day moving average of $41.62 and a 200 day moving average of $38.31. The firm has a market capitalization of $4.27 billion, a PE ratio of 63.31 and a beta of 1.25. The Hain Celestial Group, Inc. has a 1-year low of $31.01 and a 1-year high of $45.61.

The Hain Celestial Group (NASDAQ:HAIN) last posted its quarterly earnings data on Tuesday, August 29th. The company reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.03. The Hain Celestial Group had a net margin of 2.36% and a return on equity of 7.65%. The firm had revenue of $725.10 million for the quarter, compared to analyst estimates of $720.70 million. During the same period last year, the firm posted $0.43 EPS. The Hain Celestial Group’s quarterly revenue was down 1.7% on a year-over-year basis. Analysts forecast that The Hain Celestial Group, Inc. will post $1.66 EPS for the current year.

The Hain Celestial Group declared that its board has authorized a share repurchase plan on Thursday, June 22nd that permits the company to repurchase $250.00 million in outstanding shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

HAIN has been the subject of several research reports. Zacks Investment Research cut shares of The Hain Celestial Group from a “hold” rating to a “strong sell” rating in a research note on Thursday, June 29th. Barclays PLC restated a “hold” rating and set a $39.00 price objective on shares of The Hain Celestial Group in a research note on Friday, September 1st. Jefferies Group LLC restated a “buy” rating and set a $52.00 price objective on shares of The Hain Celestial Group in a research note on Monday, August 28th. UBS AG restated a “sell” rating and set a $33.00 price objective (up from $31.00) on shares of The Hain Celestial Group in a research note on Thursday, August 31st. Finally, Maxim Group restated a “buy” rating and set a $50.00 price objective on shares of The Hain Celestial Group in a research note on Tuesday, August 29th. Two investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have issued a buy rating to the stock. The Hain Celestial Group currently has an average rating of “Hold” and an average target price of $41.28.

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The Hain Celestial Group Profile

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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