GSA Capital Partners LLP acquired a new position in Hain Celestial Group Inc (NASDAQ:HAIN) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 5,550 shares of the company’s stock, valued at approximately $228,000.
Other institutional investors also recently made changes to their positions in the company. Saratoga Research & Investment Management bought a new position in Hain Celestial Group in the third quarter worth $124,000. Miles Capital Inc. bought a new position in Hain Celestial Group in the second quarter worth $201,000. First National Trust Co. bought a new position in Hain Celestial Group in the third quarter worth $201,000. Oakbrook Investments LLC bought a new position in Hain Celestial Group in the third quarter worth $202,000. Finally, Virtu KCG Holdings LLC bought a new position in Hain Celestial Group in the second quarter worth $241,000. Institutional investors and hedge funds own 89.95% of the company’s stock.
Hain Celestial Group Inc (HAIN) opened at $39.41 on Friday. The stock has a market capitalization of $4,110.00, a price-to-earnings ratio of 52.55, a price-to-earnings-growth ratio of 1.68 and a beta of 1.25. Hain Celestial Group Inc has a twelve month low of $31.01 and a twelve month high of $45.61. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.22 and a current ratio of 2.50.
Hain Celestial Group (NASDAQ:HAIN) last issued its quarterly earnings data on Tuesday, November 7th. The company reported $0.23 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.24 by ($0.01). The company had revenue of $708.30 million for the quarter, compared to the consensus estimate of $697.39 million. Hain Celestial Group had a net margin of 2.73% and a return on equity of 8.03%. The firm’s revenue was up 3.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.14 earnings per share. equities research analysts anticipate that Hain Celestial Group Inc will post 1.68 EPS for the current year.
In other Hain Celestial Group news, SVP Michael B. Mcguinness purchased 3,500 shares of the business’s stock in a transaction that occurred on Thursday, November 9th. The stock was acquired at an average cost of $34.58 per share, with a total value of $121,030.00. Following the completion of the acquisition, the senior vice president now directly owns 55,131 shares of the company’s stock, valued at approximately $1,906,429.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Richard Dean Hollis purchased 10,000 shares of the business’s stock in a transaction that occurred on Friday, November 10th. The stock was acquired at an average cost of $35.27 per share, with a total value of $352,700.00. Following the completion of the acquisition, the director now directly owns 10,000 shares of the company’s stock, valued at $352,700. The disclosure for this purchase can be found here. Insiders purchased 68,500 shares of company stock valued at $2,352,730 over the last ninety days. 12.34% of the stock is currently owned by company insiders.
HAIN has been the subject of several research reports. BMO Capital Markets cut Hain Celestial Group from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from $48.00 to $44.00 in a research report on Thursday, October 19th. TheStreet cut Hain Celestial Group from a “b-” rating to a “c” rating in a research report on Tuesday, November 7th. Royal Bank of Canada reaffirmed a “hold” rating on shares of Hain Celestial Group in a research report on Thursday, November 9th. Jefferies Group reaffirmed a “buy” rating and issued a $52.00 target price on shares of Hain Celestial Group in a research report on Friday, November 17th. Finally, Sanford C. Bernstein started coverage on Hain Celestial Group in a research report on Friday, October 6th. They issued a “market perform” rating and a $45.00 target price for the company. Four investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have given a buy rating to the stock. Hain Celestial Group has a consensus rating of “Hold” and a consensus price target of $41.31.
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About 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.
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