Eaton Vance Management reduced its stake in shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN) by 1.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 71,789 shares of the company’s stock after selling 747 shares during the quarter. Eaton Vance Management owned about 0.07% of The Hain Celestial Group worth $2,787,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. FMR LLC grew its stake in shares of The Hain Celestial Group by 40.0% during the first quarter. FMR LLC now owns 7,899,213 shares of the company’s stock valued at $293,851,000 after purchasing an additional 2,258,735 shares during the last quarter. KBC Group NV grew its stake in shares of The Hain Celestial Group by 68.3% during the first quarter. KBC Group NV now owns 198,531 shares of the company’s stock valued at $7,385,000 after purchasing an additional 80,593 shares during the last quarter. Strategic Financial Services Inc grew its stake in shares of The Hain Celestial Group by 0.6% during the first quarter. Strategic Financial Services Inc now owns 77,323 shares of the company’s stock valued at $2,876,000 after purchasing an additional 430 shares during the last quarter. Schwab Charles Investment Management Inc. grew its stake in shares of The Hain Celestial Group by 5.6% during the first quarter. Schwab Charles Investment Management Inc. now owns 353,169 shares of the company’s stock valued at $13,138,000 after purchasing an additional 18,603 shares during the last quarter. Finally, Engaged Capital LLC bought a new stake in shares of The Hain Celestial Group during the first quarter valued at approximately $70,208,000. 91.98% of the stock is currently owned by institutional investors and hedge funds.

The Hain Celestial Group, Inc. (NASDAQ:HAIN) opened at 41.27 on Monday. The company has a market capitalization of $4.28 billion, a PE ratio of 63.49 and a beta of 1.25. The Hain Celestial Group, Inc. has a 12 month low of $31.01 and a 12 month high of $45.61. The stock’s 50 day moving average is $41.85 and its 200-day moving average is $38.19.

The Hain Celestial Group (NASDAQ:HAIN) last posted its quarterly earnings data on Tuesday, August 29th. The company reported $0.43 EPS for the quarter, beating the Zacks’ consensus estimate 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 company had revenue of $725.10 million for the quarter, compared to analyst estimates of $720.70 million. During the same period in the prior year, the firm posted $0.43 EPS. The company’s quarterly revenue was down 1.7% on a year-over-year basis. On average, analysts expect that The Hain Celestial Group, Inc. will post $1.66 EPS for the current year.

The Hain Celestial Group announced that its board has approved a share buyback 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. Shares repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

Several research firms have recently commented on HAIN. UBS AG reissued a “sell” rating and set a $31.00 price target (down from $33.00) on shares of The Hain Celestial Group in a research note on Sunday, June 25th. Wells Fargo & Company set a $42.00 price target on shares of The Hain Celestial Group and gave the company a “hold” rating in a research note on Saturday, July 1st. BidaskClub cut shares of The Hain Celestial Group from a “buy” rating to a “hold” rating in a research note on Wednesday, August 9th. Susquehanna Bancshares Inc reissued a “hold” rating and set a $45.00 price target on shares of The Hain Celestial Group in a research note on Thursday. Finally, Jefferies Group LLC reissued a “buy” rating and set a $50.00 price target on shares of The Hain Celestial Group in a research note on Friday, June 9th. Two analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $41.28.

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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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