Sciencast Management LP acquired a new position in shares of Hain Celestial Group Inc (NASDAQ:HAIN) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 12,398 shares of the company’s stock, valued at approximately $396,000.
Other hedge funds also recently modified their holdings of the company. Credit Agricole S A bought a new stake in shares of Hain Celestial Group during the fourth quarter worth $101,000. Westside Investment Management Inc. increased its position in shares of 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 acquiring an additional 3,000 shares in the last quarter. KBC Group NV increased its position in shares of 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 acquiring an additional 1,939 shares in the last quarter. Compagnie Lombard Odier SCmA bought a new stake in shares of Hain Celestial Group during the first quarter worth $160,000. Finally, AGF Investments Inc. increased its position in shares of 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 acquiring an additional 3,101 shares in the last quarter. 88.45% of the stock is owned by institutional investors.
Several equities research analysts have recently issued reports on HAIN shares. UBS Group set a $28.00 price objective on shares of Hain Celestial Group and gave the stock a “sell” rating in a research report on Tuesday, May 1st. BidaskClub downgraded shares of Hain Celestial Group from a “sell” rating to a “strong sell” rating in a research report on Friday, March 23rd. Jefferies Financial Group reissued a “buy” rating and set a $40.00 price objective on shares of Hain Celestial Group in a research report on Tuesday, April 3rd. ValuEngine downgraded shares of Hain Celestial Group from a “sell” rating to a “strong sell” rating in a research report on Wednesday, May 2nd. Finally, Zacks Investment Research downgraded shares of Hain Celestial Group from a “hold” rating to a “sell” rating in a research report on Friday, April 27th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $36.46.
Hain Celestial Group (NASDAQ:HAIN) last released its earnings results on Tuesday, May 8th. The company reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates 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 business had revenue of $632.72 million during the quarter, compared to the consensus estimate of $746.48 million. During the same period last year, the business posted $0.35 EPS. The firm’s revenue for the quarter was up 7.5% on a year-over-year basis. equities research analysts forecast that Hain Celestial Group Inc will post 1.16 EPS for the current year.
Hain Celestial Group Company 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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