NJ State Employees Deferred Compensation Plan cut its position in shares of Hain Celestial Group Inc (NASDAQ:HAIN) by 25.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 27,000 shares of the company’s stock after selling 9,000 shares during the quarter. NJ State Employees Deferred Compensation Plan’s holdings in Hain Celestial Group were worth $624,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in the business. Paradice Investment Management LLC bought a new position in shares of Hain Celestial Group during the fourth quarter worth approximately $30,442,000. Brown Advisory Inc. acquired a new position in shares of Hain Celestial Group during the 4th quarter valued at $14,653,000. Norges Bank acquired a new position in shares of Hain Celestial Group during the 4th quarter valued at $12,082,000. Brahman Capital Corp. acquired a new position in shares of Hain Celestial Group during the 4th quarter valued at $10,667,000. Finally, Oregon Public Employees Retirement Fund increased its position in shares of Hain Celestial Group by 1,486.0% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 558,335 shares of the company’s stock valued at $35,000 after purchasing an additional 523,131 shares during the period. Institutional investors own 96.84% of the company’s stock.
In related news, Director Glenn W. Welling bought 1,222,979 shares of the business’s stock in a transaction on Wednesday, March 6th. The shares were purchased at an average price of $20.48 per share, for a total transaction of $25,046,609.92. Following the completion of the transaction, the director now directly owns 21,577 shares of the company’s stock, valued at approximately $441,896.96. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Engaged Capital Co-Invest Vi-D bought 1,800,000 shares of the business’s stock in a transaction on Thursday, March 7th. The stock was bought at an average price of $21.30 per share, for a total transaction of $38,340,000.00. Following the transaction, the insider now directly owns 21,577 shares of the company’s stock, valued at $459,590.10. The disclosure for this purchase can be found here. Over the last three months, insiders acquired 4,978,829 shares of company stock worth $101,772,309. Insiders own 13.50% of the company’s stock.
Hain Celestial Group (NASDAQ:HAIN) last released its quarterly earnings results on Thursday, February 7th. The company reported $0.14 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.26 by ($0.12). The company had revenue of $584.16 million during the quarter, compared to the consensus estimate of $611.18 million. Hain Celestial Group had a negative net margin of 6.72% and a positive return on equity of 5.28%. The firm’s revenue was down 5.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.32 earnings per share. Equities analysts anticipate that Hain Celestial Group Inc will post 0.66 earnings per share for the current fiscal year.
Several analysts have recently commented on the company. Maxim Group reaffirmed a “buy” rating and issued a $25.00 target price (down previously from $36.00) on shares of Hain Celestial Group in a research report on Friday, February 8th. Jefferies Financial Group restated a “buy” rating and set a $35.00 price objective on shares of Hain Celestial Group in a research note on Thursday, February 28th. Citigroup upped their target price on shares of Hain Celestial Group from $21.00 to $25.50 and gave the company a “buy” rating in a report on Monday, April 15th. TheStreet cut shares of Hain Celestial Group from a “c-” rating to a “d” rating in a report on Thursday, February 14th. Finally, Loop Capital set a $16.00 target price on shares of Hain Celestial Group and gave the company a “hold” rating in a report on Saturday, February 9th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $25.68.
Hain Celestial Group Company 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.
Recommended Story: Discover Your Risk Tolerance
Want to see what other hedge funds are holding HAIN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hain Celestial Group Inc (NASDAQ:HAIN).
Receive News & Ratings for Hain Celestial Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hain Celestial Group and related companies with MarketBeat.com's FREE daily email newsletter.