The Hain Celestial Group, Inc. (NASDAQ:HAIN) Position Boosted by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC raised its stake in shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN) by 4.4% during the second quarter, Holdings Channel reports. The institutional investor owned 70,078 shares of the company’s stock after buying an additional 2,947 shares during the period. Janney Montgomery Scott LLC’s holdings in The Hain Celestial Group were worth $2,720,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of HAIN. BlackRock Inc. boosted its stake in The Hain Celestial Group by 10,665.5% in the first quarter. BlackRock Inc. now owns 8,539,738 shares of the company’s stock valued at $317,676,000 after buying an additional 8,460,413 shares in the last quarter. Vanguard Group Inc. boosted its stake in The Hain Celestial Group by 4.4% in the first quarter. Vanguard Group Inc. now owns 8,235,002 shares of the company’s stock valued at $306,342,000 after buying an additional 345,199 shares in the last quarter. FMR LLC boosted its stake in The Hain Celestial Group by 40.0% in the first quarter. FMR LLC now owns 7,899,213 shares of the company’s stock valued at $293,851,000 after buying an additional 2,258,735 shares in the last quarter. Wells Fargo & Company MN boosted its stake in The Hain Celestial Group by 5.7% in the first quarter. Wells Fargo & Company MN now owns 4,938,453 shares of the company’s stock valued at $183,709,000 after buying an additional 267,448 shares in the last quarter. Finally, Glenview Capital Management LLC acquired a new stake in The Hain Celestial Group during the first quarter valued at approximately $102,266,000. 86.60% of the stock is owned by institutional investors and hedge funds.

The Hain Celestial Group, Inc. (HAIN) opened at 43.19 on Friday. The stock’s market cap is $4.48 billion. The firm’s 50-day moving average price is $38.53 and its 200 day moving average price is $37.34. The Hain Celestial Group, Inc. has a 52-week low of $31.01 and a 52-week high of $56.99.

The Hain Celestial Group (NASDAQ:HAIN) last announced its quarterly earnings data on Thursday, June 22nd. The company reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.52 by $0.19. The Hain Celestial Group had a negative net margin of 0.75% and a negative return on equity of 1.09%. The company had revenue of $706.56 million for the quarter, compared to analyst estimates of $721 million. Equities analysts predict that The Hain Celestial Group, Inc. will post $1.20 earnings per share for the current year.

The Hain Celestial Group announced that its Board of Directors has approved a share repurchase plan on Thursday, June 22nd that authorizes the company to buyback $250.00 million in shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board believes its shares are undervalued.

Several analysts have recently commented on HAIN shares. J P Morgan Chase & Co reissued a “neutral” rating on shares of The Hain Celestial Group in a report on Friday, June 30th. Citigroup Inc. reissued a “buy” rating and issued a $46.00 price target (down from $62.00) on shares of The Hain Celestial Group in a report on Monday, July 10th. Susquehanna Bancshares Inc reissued a “positive” rating and issued a $44.00 price target (up from $42.00) on shares of The Hain Celestial Group in a report on Friday, June 23rd. Loop Capital started coverage on The Hain Celestial Group in a report on Monday, July 31st. They issued a “hold” rating and a $46.00 price target for the company. Finally, Vetr cut The Hain Celestial Group from a “strong-buy” rating to a “buy” rating and set a $37.69 price target for the company. in a report on Tuesday, June 27th. Three analysts have rated the stock with a sell rating, fourteen have given a hold rating and eight have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $41.44.

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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