Teacher Retirement System of Texas lowered its stake in shares of Hain Celestial Group Inc (NASDAQ:HAIN) by 36.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,681 shares of the company’s stock after selling 11,674 shares during the period. Teacher Retirement System of Texas’ holdings in Hain Celestial Group were worth $663,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors also recently bought and sold shares of HAIN. Credit Agricole S A purchased a new stake in Hain Celestial Group during the fourth quarter worth $101,000. Calton & Associates Inc. purchased a new stake in Hain Celestial Group during the fourth quarter worth $110,000. Westside Investment Management Inc. lifted its holdings in Hain Celestial Group by 1,500.0% during the fourth quarter. Westside Investment Management Inc. now owns 3,200 shares of the company’s stock worth $131,000 after buying an additional 3,000 shares during the period. KBC Group NV lifted its holdings in Hain Celestial Group by 106.9% during the fourth quarter. KBC Group NV now owns 3,752 shares of the company’s stock worth $159,000 after buying an additional 1,939 shares during the period. Finally, AGF Investments Inc. lifted its holdings in Hain Celestial Group by 113.0% during the first quarter. AGF Investments Inc. now owns 5,845 shares of the company’s stock worth $187,000 after buying an additional 3,101 shares during the period. Institutional investors own 88.45% of the company’s stock.
NASDAQ HAIN opened at $29.74 on Friday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.83 and a current ratio of 2.79. Hain Celestial Group Inc has a 1 year low of $25.41 and a 1 year high of $45.61. The firm has a market capitalization of $3.16 billion, a P/E ratio of 24.38, a PEG ratio of 3.15 and a beta of 1.09.
Hain Celestial Group (NASDAQ:HAIN) last released its earnings results on Tuesday, May 8th. The company reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.10). Hain Celestial Group had a net margin of 2.81% and a return on equity of 8.32%. The firm had revenue of $632.72 million during the quarter, compared to analyst estimates of $746.48 million. During the same period in the previous year, the company earned $0.35 earnings per share. Hain Celestial Group’s revenue was up 7.5% on a year-over-year basis. analysts expect that Hain Celestial Group Inc will post 1.16 earnings per share for the current fiscal year.
HAIN has been the subject of a number of analyst reports. BidaskClub lowered Hain Celestial Group from a “sell” rating to a “strong sell” rating in a report on Friday, March 23rd. Jefferies Financial Group reaffirmed a “buy” rating and set a $40.00 price target on shares of Hain Celestial Group in a research report on Tuesday, April 3rd. Zacks Investment Research downgraded Hain Celestial Group from a “hold” rating to a “sell” rating in a research report on Friday, April 27th. UBS Group set a $28.00 price target on Hain Celestial Group and gave the stock a “sell” rating in a research report on Tuesday, May 1st. Finally, ValuEngine downgraded Hain Celestial Group from a “sell” rating to a “strong sell” rating in a research report on Wednesday, May 2nd. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $36.55.
Hain Celestial Group Profile
The Hain Celestial Group, Inc manufactures, markets, distributes, and sells organic and natural products. Its grocery products include infant formula; infant, toddler, and kids foods; diapers and wipes; rice and grain-based products; 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; Greek-style yogurts; chilies and packaged grains; chocolates; and nut butters, as well as plant-based beverages and frozen desserts, such as soy, rice, oat, almond, and coconut.
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