Hain Celestial Group Inc (HAIN) Shares Sold by Lapides Asset Management LLC

Lapides Asset Management LLC reduced its position in shares of Hain Celestial Group Inc (NASDAQ:HAIN) by 2.0% in the 3rd quarter, HoldingsChannel reports. The firm owned 114,800 shares of the company’s stock after selling 2,400 shares during the period. Lapides Asset Management LLC’s holdings in Hain Celestial Group were worth $3,113,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in HAIN. State of New Jersey Common Pension Fund D raised its position in Hain Celestial Group by 28.6% during the second quarter. State of New Jersey Common Pension Fund D now owns 2,700,000 shares of the company’s stock valued at $80,460,000 after purchasing an additional 600,000 shares in the last quarter. Bank of New York Mellon Corp raised its position in Hain Celestial Group by 46.3% during the second quarter. Bank of New York Mellon Corp now owns 1,723,433 shares of the company’s stock valued at $51,358,000 after purchasing an additional 545,113 shares in the last quarter. Proxima Capital Management LLC raised its position in Hain Celestial Group by 146.7% during the second quarter. Proxima Capital Management LLC now owns 493,482 shares of the company’s stock valued at $14,706,000 after purchasing an additional 293,447 shares in the last quarter. PGGM Investments raised its position in Hain Celestial Group by 37.4% during the third quarter. PGGM Investments now owns 1,046,297 shares of the company’s stock valued at $28,376,000 after purchasing an additional 285,000 shares in the last quarter. Finally, Millennium Management LLC raised its position in Hain Celestial Group by 498.6% during the second quarter. Millennium Management LLC now owns 294,859 shares of the company’s stock valued at $8,787,000 after purchasing an additional 245,601 shares in the last quarter. Institutional investors and hedge funds own 93.03% of the company’s stock.

Shares of NASDAQ:HAIN opened at $25.24 on Wednesday. The firm has a market cap of $2.51 billion, a PE ratio of 21.76, a P/E/G ratio of 2.70 and a beta of 1.14. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.49 and a quick ratio of 1.56. Hain Celestial Group Inc has a 52-week low of $23.75 and a 52-week high of $44.37.



Hain Celestial Group (NASDAQ:HAIN) last issued its quarterly earnings data on Tuesday, August 28th. The company reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.01. Hain Celestial Group had a net margin of 0.35% and a return on equity of 7.37%. The company had revenue of $619.60 million for the quarter, compared to analysts’ expectations of $629.25 million. During the same quarter in the previous year, the firm posted $0.41 earnings per share. Hain Celestial Group’s revenue for the quarter was up 2.8% on a year-over-year basis. On average, sell-side analysts anticipate that Hain Celestial Group Inc will post 1.23 EPS for the current year.

HAIN has been the subject of several research analyst reports. Zacks Investment Research upgraded shares of Hain Celestial Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 10th. Loop Capital set a $30.00 price objective on shares of Hain Celestial Group and gave the company a “hold” rating in a research report on Wednesday, August 22nd. Maxim Group reiterated a “buy” rating and set a $40.00 price target on shares of Hain Celestial Group in a report on Tuesday, August 28th. Jefferies Financial Group set a $40.00 price target on shares of Hain Celestial Group and gave the stock a “buy” rating in a report on Wednesday, August 29th. Finally, BMO Capital Markets lowered their price target on shares of Hain Celestial Group from $31.00 to $29.00 and set a “market perform” rating for the company in a report on Wednesday, August 29th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have assigned a buy rating to the company’s stock. Hain Celestial Group currently has an average rating of “Hold” and an average price target of $32.53.

Hain Celestial Group Profile

The Hain Celestial Group, Inc manufactures, markets, distributes, and sells organic and natural products. The company operates in seven segments: the United States, United Kingdom, Tilda, Ella's Kitchen UK, Canada, Europe, and Cultivate. It offers infant formula; infant, toddler, and kids foods; diapers and wipes; rice and grain-based products; plant-based beverages and frozen desserts, such as soy, rice, oat, almond, and coconut; flour and baking mixes; breads, hot and cold cereals, pasta, condiments, cooking and culinary oils, granolas, and cereal bars; canned, chilled fresh, aseptic, and instant soups; yogurts; chilies; chocolates; and nut butters.

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Institutional Ownership by Quarter for Hain Celestial Group (NASDAQ:HAIN)

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