Russell Investments Group Ltd. Acquires 22,872 Shares of Hain Celestial Group Inc (NASDAQ:HAIN)

Russell Investments Group Ltd. increased its holdings in shares of Hain Celestial Group Inc (NASDAQ:HAIN) by 28.3% during the 2nd quarter, HoldingsChannel reports. The firm owned 103,626 shares of the company’s stock after purchasing an additional 22,872 shares during the period. Russell Investments Group Ltd.’s holdings in Hain Celestial Group were worth $2,269,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Huntington National Bank lifted its holdings in shares of Hain Celestial Group by 237.8% during the 2nd quarter. Huntington National Bank now owns 1,162 shares of the company’s stock valued at $25,000 after purchasing an additional 818 shares in the last quarter. Carroll Financial Associates Inc. lifted its holdings in shares of Hain Celestial Group by 77.2% during the 2nd quarter. Carroll Financial Associates Inc. now owns 2,098 shares of the company’s stock valued at $45,000 after purchasing an additional 914 shares in the last quarter. Parallel Advisors LLC bought a new position in shares of Hain Celestial Group during the 2nd quarter valued at about $88,000. HGK Asset Management Inc. bought a new position in shares of Hain Celestial Group during the 2nd quarter valued at about $210,000. Finally, IndexIQ Advisors LLC lifted its holdings in shares of Hain Celestial Group by 46.8% during the 1st quarter. IndexIQ Advisors LLC now owns 9,758 shares of the company’s stock valued at $226,000 after purchasing an additional 3,110 shares in the last quarter. Institutional investors and hedge funds own 99.76% of the company’s stock.

Several equities analysts have recently weighed in on the company. Evercore ISI started coverage on Hain Celestial Group in a report on Tuesday, June 11th. They set an “in-line” rating and a $22.00 price objective on the stock. BidaskClub raised Hain Celestial Group from a “hold” rating to a “buy” rating in a research report on Thursday, September 5th. Loop Capital dropped their target price on Hain Celestial Group to $20.00 and set a “hold” rating on the stock in a research report on Wednesday, August 28th. ValuEngine raised Hain Celestial Group from a “hold” rating to a “buy” rating in a research report on Wednesday, September 11th. Finally, Barclays dropped their target price on Hain Celestial Group from $23.00 to $19.00 and set an “equal weight” rating on the stock in a research report on Friday, August 30th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and five have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $23.37.

Shares of NASDAQ:HAIN traded down $0.32 during trading on Wednesday, hitting $22.09. 26,841 shares of the company were exchanged, compared to its average volume of 1,740,286. The stock has a market cap of $2.34 billion, a price-to-earnings ratio of 33.39, a P/E/G ratio of 16.39 and a beta of 1.35. Hain Celestial Group Inc has a fifty-two week low of $14.45 and a fifty-two week high of $27.68. The firm has a fifty day moving average price of $20.65 and a two-hundred day moving average price of $21.51. The company has a current ratio of 1.83, a quick ratio of 0.88 and a debt-to-equity ratio of 0.40.

Hain Celestial Group (NASDAQ:HAIN) last posted its quarterly earnings results on Thursday, August 29th. The company reported $0.21 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.22 by ($0.01). The company had revenue of $557.68 million for the quarter, compared to analyst estimates of $537.66 million. Hain Celestial Group had a positive return on equity of 4.33% and a negative net margin of 7.96%. The firm’s revenue for the quarter was down 10.0% compared to the same quarter last year. During the same period last year, the firm earned $0.27 EPS. As a group, research analysts predict that Hain Celestial Group Inc will post 0.67 EPS for the current year.

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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