World Asset Management Inc lowered its stake in shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN) by 7.0% during the second quarter, Holdings Channel reports. The firm owned 6,510 shares of the company’s stock after selling 489 shares during the period. World Asset Management Inc’s holdings in The Hain Celestial Group were worth $253,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. IFP Advisors Inc increased its position in The Hain Celestial Group by 50.6% in the first quarter. IFP Advisors Inc now owns 3,209 shares of the company’s stock valued at $119,000 after buying an additional 1,078 shares during the period. Invictus RG bought a new position in The Hain Celestial Group during the first quarter valued at approximately $174,000. Creative Planning increased its position in The Hain Celestial Group by 14.0% in the first quarter. Creative Planning now owns 4,852 shares of the company’s stock valued at $180,000 after buying an additional 597 shares during the period. FormulaFolio Investments LLC bought a new position in The Hain Celestial Group during the first quarter valued at approximately $200,000. Finally, Tudor Investment Corp ET AL bought a new position in The Hain Celestial Group during the first quarter valued at approximately $201,000. 85.07% of the stock is owned by institutional investors and hedge funds.

Shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN) opened at 42.72 on Friday. The company has a 50-day moving average of $41.77 and a 200-day moving average of $37.67. The Hain Celestial Group, Inc. has a 52-week low of $31.01 and a 52-week high of $45.61. The stock’s market capitalization is $4.43 billion.

The Hain Celestial Group (NASDAQ:HAIN) last posted its quarterly earnings results 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 business had revenue of $706.56 million for the quarter, compared to analyst estimates of $721 million. The Hain Celestial Group had a negative return on equity of 1.09% and a negative net margin of 0.75%. Equities research analysts anticipate that The Hain Celestial Group, Inc. will post $1.20 EPS for the current year.

The Hain Celestial Group declared that its board has authorized a stock 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 purchase shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

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Several research analysts have commented on the stock. Susquehanna Bancshares Inc set a $45.00 price objective on shares of The Hain Celestial Group and gave the company a “buy” rating in a report on Saturday, May 13th. UBS AG reissued a “sell” rating and set a $31.00 price objective (down previously from $33.00) on shares of The Hain Celestial Group in a report on Sunday, June 25th. Wells Fargo & Company set a $42.00 price objective on shares of The Hain Celestial Group and gave the company a “hold” rating in a report on Saturday, July 1st. BidaskClub downgraded shares of The Hain Celestial Group from a “buy” rating to a “hold” rating in a report on Wednesday, August 9th. Finally, Jefferies Group LLC reissued a “buy” rating and set a $50.00 price objective on shares of The Hain Celestial Group in a report on Friday, June 9th. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and five have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $41.30.

The Hain Celestial Group Company 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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