Richard Dean Hollis Acquires 10,000 Shares of The Hain Celestial Group, Inc. (HAIN) Stock

The Hain Celestial Group, Inc. (NASDAQ:HAIN) Director Richard Dean Hollis bought 10,000 shares of the company’s stock in a transaction that occurred on Friday, November 10th. The stock was bought at an average cost of $35.27 per share, for a total transaction of $352,700.00. Following the completion of the transaction, the director now directly owns 10,000 shares in the company, valued at $352,700. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website.

Shares of The Hain Celestial Group, Inc. (NASDAQ HAIN) opened at $36.12 on Wednesday. The Hain Celestial Group, Inc. has a 52 week low of $31.01 and a 52 week high of $45.61. The company has a market cap of $3,676.30, a price-to-earnings ratio of 27.04, a PEG ratio of 1.63 and a beta of 1.21. The company has a quick ratio of 1.22, a current ratio of 2.50 and a debt-to-equity ratio of 0.42.

The Hain Celestial Group (NASDAQ:HAIN) last announced its quarterly earnings data on Tuesday, November 7th. The company reported $0.23 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.24 by ($0.01). The Hain Celestial Group had a net margin of 2.73% and a return on equity of 8.03%. The company had revenue of $708.30 million during the quarter, compared to analyst estimates of $697.39 million. During the same quarter last year, the business earned $0.14 EPS. The firm’s revenue for the quarter was up 3.9% on a year-over-year basis. equities research analysts expect that The Hain Celestial Group, Inc. will post 1.67 earnings per share for the current fiscal year.

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Hedge funds and other institutional investors have recently made changes to their positions in the stock. Toronto Dominion Bank acquired a new stake in shares of The Hain Celestial Group in the second quarter valued at about $13,584,000. SLS Management LLC lifted its stake in shares of The Hain Celestial Group by 137.1% in the second quarter. SLS Management LLC now owns 140,420 shares of the company’s stock valued at $5,451,000 after purchasing an additional 81,200 shares during the period. Hussman Strategic Advisors Inc. acquired a new stake in shares of The Hain Celestial Group in the third quarter valued at about $2,058,000. Bank of Nova Scotia acquired a new stake in shares of The Hain Celestial Group in the second quarter valued at about $11,855,000. Finally, Schwab Charles Investment Management Inc. lifted its stake in shares of The Hain Celestial Group by 5.6% in the first quarter. Schwab Charles Investment Management Inc. now owns 353,169 shares of the company’s stock valued at $13,138,000 after purchasing an additional 18,603 shares during the period. Hedge funds and other institutional investors own 89.04% of the company’s stock.

A number of research firms recently commented on HAIN. Jefferies Group LLC reaffirmed a “buy” rating and issued a $52.00 target price on shares of The Hain Celestial Group in a research report on Monday, August 28th. BidaskClub downgraded shares of The Hain Celestial Group from a “buy” rating to a “hold” rating in a research report on Wednesday, August 9th. Susquehanna Bancshares Inc set a $45.00 price objective on shares of The Hain Celestial Group and gave the stock a “hold” rating in a research report on Tuesday, August 29th. Buckingham Research raised their price objective on shares of The Hain Celestial Group from $34.00 to $37.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 30th. Finally, Royal Bank Of Canada raised their price objective on shares of The Hain Celestial Group from $39.00 to $41.00 and gave the stock a “sector perform” rating in a research report on Wednesday, August 30th. One equities research analyst has rated the stock with a sell rating, sixteen have given a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $41.29.

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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