SFE Investment Counsel lowered its position in The Hain Celestial Group, Inc. (NASDAQ:HAIN) by 21.3% during the second quarter, Holdings Channel reports. The institutional investor owned 18,969 shares of the company’s stock after selling 5,145 shares during the period. SFE Investment Counsel’s holdings in The Hain Celestial Group were worth $736,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. BlackRock Inc. boosted its position in The Hain Celestial Group by 10,665.5% in the first quarter. BlackRock Inc. now owns 8,539,738 shares of the company’s stock worth $317,676,000 after buying an additional 8,460,413 shares in the last quarter. Vanguard Group Inc. boosted its position in The Hain Celestial Group by 4.4% in the first quarter. Vanguard Group Inc. now owns 8,235,002 shares of the company’s stock worth $306,342,000 after buying an additional 345,199 shares in the last quarter. FMR LLC boosted its position in The Hain Celestial Group by 40.0% in the first quarter. FMR LLC now owns 7,899,213 shares of the company’s stock worth $293,851,000 after buying an additional 2,258,735 shares in the last quarter. Wells Fargo & Company MN boosted its position in The Hain Celestial Group by 5.7% in the first quarter. Wells Fargo & Company MN now owns 4,938,453 shares of the company’s stock worth $183,709,000 after buying an additional 267,448 shares in the last quarter. Finally, Glenview Capital Management LLC bought a new position in The Hain Celestial Group during the first quarter worth $102,266,000. Institutional investors own 85.07% of the company’s stock.

Shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN) opened at 43.51 on Tuesday. The stock’s market cap is $4.51 billion. The company has a 50 day moving average of $41.04 and a 200-day moving average of $37.56. The Hain Celestial Group, Inc. has a one year low of $31.01 and a one year high of $45.61.

The Hain Celestial Group (NASDAQ:HAIN) last announced its earnings results on Thursday, June 22nd. The company reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.52 by $0.19. The Hain Celestial Group had a negative net margin of 0.75% and a negative return on equity of 1.09%. The firm had revenue of $706.56 million during the quarter, compared to analyst estimates of $721 million. 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 has approved a stock repurchase plan on Thursday, June 22nd that allows the company to repurchase $250.00 million in shares. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

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A number of equities analysts have weighed in on HAIN shares. J P Morgan Chase & Co restated a “neutral” rating on shares of The Hain Celestial Group in a research report on Friday, June 30th. Citigroup Inc. restated a “buy” rating and set a $46.00 price objective (down from $62.00) on shares of The Hain Celestial Group in a research report on Monday, July 10th. BidaskClub cut shares of The Hain Celestial Group from a “buy” rating to a “hold” rating in a research report on Wednesday, August 9th. Susquehanna Bancshares Inc reiterated a “positive” rating and issued a $44.00 target price (up from $42.00) on shares of The Hain Celestial Group in a research report on Friday, June 23rd. Finally, Loop Capital assumed coverage on shares of The Hain Celestial Group in a research report on Monday, July 31st. They issued a “hold” rating and a $46.00 target price for the company. Three equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and seven have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price 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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