Federated Investors Inc. PA Acquires 2,453 Shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN)

Federated Investors Inc. PA raised its holdings in shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN) by 4.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 58,979 shares of the company’s stock after buying an additional 2,453 shares during the period. Federated Investors Inc. PA owned about 0.06% of The Hain Celestial Group worth $2,290,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of HAIN. BlackRock Inc. boosted its position in The Hain Celestial Group by 10,665.5% during the first quarter. BlackRock Inc. now owns 8,539,738 shares of the company’s stock valued at $317,676,000 after buying an additional 8,460,413 shares during the period. Glenview Capital Management LLC purchased a new stake in The Hain Celestial Group during the first quarter valued at about $102,266,000. FMR LLC boosted its position in 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 buying an additional 2,258,735 shares during the period. Engaged Capital LLC purchased a new stake in The Hain Celestial Group during the first quarter valued at about $70,208,000. Finally, Litespeed Management L.L.C. purchased a new stake in The Hain Celestial Group during the first quarter valued at about $19,916,000. Institutional investors and hedge funds own 92.29% of the company’s stock.

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Several analysts have issued reports on the stock. 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 report on Saturday, July 1st. Maxim Group restated a “buy” rating and set a $50.00 price target on shares of The Hain Celestial Group in a research report on Tuesday, August 29th. BidaskClub upgraded shares of The Hain Celestial Group from a “strong sell” rating to a “sell” rating in a research report on Thursday, June 29th. Vetr downgraded shares of The Hain Celestial Group from a “buy” rating to a “hold” rating and set a $39.79 price objective for the company. in a research note on Monday, July 3rd. Finally, Barclays PLC reaffirmed 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. Two equities research 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 stock has an average rating of “Hold” and a consensus target price of $41.28.

The Hain Celestial Group, Inc. (HAIN) traded up 0.69% during trading on Friday, reaching $40.93. 160,399 shares of the company were exchanged. The Hain Celestial Group, Inc. has a 1-year low of $31.01 and a 1-year high of $45.61. The stock has a market capitalization of $4.24 billion, a P/E ratio of 62.97 and a beta of 1.25. The company’s 50-day moving average price is $41.95 and its 200-day moving average price is $38.14.

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

The Hain Celestial Group announced that its board has initiated a stock repurchase plan on Thursday, June 22nd that authorizes the company to repurchase $250.00 million in shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.

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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