California Public Employees Retirement System boosted its stake in Hain Celestial Group Inc (NASDAQ:HAIN) by 7.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 183,741 shares of the company’s stock after acquiring an additional 13,341 shares during the period. California Public Employees Retirement System owned 0.18% of Hain Celestial Group worth $7,561,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently bought and sold shares of HAIN. Saratoga Research & Investment Management acquired a new stake in shares of Hain Celestial Group during the third quarter worth $124,000. First National Trust Co. acquired a new stake in shares of Hain Celestial Group during the third quarter worth $201,000. Oakbrook Investments LLC acquired a new stake in shares of Hain Celestial Group during the third quarter worth $202,000. Miles Capital Inc. acquired a new stake in shares of Hain Celestial Group during the second quarter worth $201,000. Finally, Virtu KCG Holdings LLC acquired a new stake in shares of Hain Celestial Group during the second quarter worth $241,000. 89.95% of the stock is currently owned by hedge funds and other institutional investors.
A number of brokerages have weighed in on HAIN. Wells Fargo & Co reissued a “market perform” rating and set a $42.00 target price on shares of Hain Celestial Group in a report on Saturday, September 30th. Loop Capital set a $38.00 target price on shares of Hain Celestial Group and gave the stock a “hold” rating in a report on Thursday, December 28th. BidaskClub raised shares of Hain Celestial Group from a “sell” rating to a “hold” rating in a report on Friday. Susquehanna Bancshares reissued a “hold” rating and set a $45.00 target price on shares of Hain Celestial Group in a report on Thursday, September 14th. Finally, SunTrust Banks reissued a “hold” rating and set a $35.00 target price on shares of Hain Celestial Group in a report on Friday, November 10th. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and three have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $41.31.
Hain Celestial Group (NASDAQ:HAIN) last released its quarterly earnings data on Tuesday, November 7th. The company reported $0.23 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.24 by ($0.01). Hain Celestial Group had a return on equity of 8.03% and a net margin of 2.73%. The firm had revenue of $708.30 million during the quarter, compared to analyst estimates of $697.39 million. During the same period last year, the business earned $0.14 EPS. The firm’s revenue was up 3.9% on a year-over-year basis. analysts expect that Hain Celestial Group Inc will post 1.66 earnings per share for the current year.
In related news, CEO Irwin D. Simon bought 50,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 9th. The stock was purchased at an average price of $34.14 per share, for a total transaction of $1,707,000.00. Following the transaction, the chief executive officer now directly owns 1,695,014 shares of the company’s stock, valued at approximately $57,867,777.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Richard Dean Hollis bought 10,000 shares of the firm’s stock in a transaction that occurred on Friday, November 10th. The stock was bought at an average price of $35.27 per share, with a total value of $352,700.00. Following the transaction, the director now directly owns 10,000 shares in the company, valued at $352,700. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 68,500 shares of company stock worth $2,352,730. Corporate insiders own 12.34% of the company’s stock.
Hain Celestial Group 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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