The Hain Celestial Group, Inc. (HAIN) Stake Lowered by Nippon Life Global Investors Americas Inc.

Nippon Life Global Investors Americas Inc. trimmed its holdings in shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN) by 70.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,990 shares of the company’s stock after selling 30,970 shares during the period. Nippon Life Global Investors Americas Inc.’s holdings in The Hain Celestial Group were worth $535,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in HAIN. Strs Ohio purchased a new stake in The Hain Celestial Group in the 3rd quarter worth about $32,144,000. Black Creek Investment Management Inc. purchased a new position in The Hain Celestial Group during the 2nd quarter valued at about $30,283,000. Eagle Asset Management Inc. purchased a new position in The Hain Celestial Group during the 3rd quarter valued at about $32,091,000. Toronto Dominion Bank purchased a new position in The Hain Celestial Group during the 2nd quarter valued at about $13,584,000. Finally, Bank of Nova Scotia purchased a new position in The Hain Celestial Group during the 2nd quarter valued at about $11,855,000. Institutional investors own 90.28% of the company’s stock.

Shares of The Hain Celestial Group, Inc. (HAIN) opened at $42.41 on Tuesday. The firm has a market capitalization of $4,430.00, a P/E ratio of 32.47, a P/E/G ratio of 1.82 and a beta of 1.26. The Hain Celestial Group, Inc. has a 12-month low of $31.01 and a 12-month high of $45.61. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.50 and a quick ratio of 1.22.

The Hain Celestial Group (NASDAQ:HAIN) last announced its quarterly earnings data on Tuesday, November 7th. The company reported $0.23 earnings per share 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 the consensus estimate of $697.39 million. During the same quarter in the previous year, the firm posted $0.14 EPS. The business’s revenue for the quarter was up 3.9% compared to the same quarter last year. analysts expect that The Hain Celestial Group, Inc. will post 1.67 earnings per share for the current fiscal year.

In other The Hain Celestial Group news, CEO Irwin D. Simon bought 50,000 shares of The Hain Celestial Group stock in a transaction dated Thursday, November 9th. The shares were purchased at an average cost of $34.14 per share, with a total value of $1,707,000.00. Following the completion of the purchase, the chief executive officer now owns 1,695,014 shares of the company’s stock, valued at $57,867,777.96. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Michael B. Mcguinness bought 3,500 shares of The Hain Celestial Group stock in a transaction dated Thursday, November 9th. The shares were acquired at an average cost of $34.58 per share, for a total transaction of $121,030.00. Following the completion of the purchase, the senior vice president now directly owns 55,131 shares of the company’s stock, valued at approximately $1,906,429.98. The disclosure for this purchase can be found here. Insiders acquired 68,500 shares of company stock valued at $2,352,730 in the last quarter. Corporate insiders own 12.34% of the company’s stock.

A number of research analysts have weighed in on HAIN shares. BMO Capital Markets lowered The Hain Celestial Group from an “outperform” rating to a “market perform” rating and reduced their target price for the company from $48.00 to $44.00 in a report on Thursday, October 19th. Barclays reaffirmed a “hold” rating and set a $39.00 target price on shares of The Hain Celestial Group in a report on Friday, September 1st. TheStreet lowered The Hain Celestial Group from a “b-” rating to a “c” rating in a report on Tuesday, November 7th. Royal Bank Of Canada reissued a “hold” rating on shares of The Hain Celestial Group in a report on Thursday, November 9th. Finally, Jefferies Group reissued a “buy” rating and set a $52.00 price objective on shares of The Hain Celestial Group in a report on Monday, August 28th. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating and four have given a buy rating to the company’s stock. The Hain Celestial Group has a consensus rating of “Hold” and a consensus target price of $41.31.

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About The 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.

Institutional Ownership by Quarter for The Hain Celestial Group (NASDAQ:HAIN)

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