State Treasurer State of Michigan cut its stake in shares of Hain Celestial Group Inc (NASDAQ:HAIN) by 4.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 37,300 shares of the company’s stock after selling 1,700 shares during the period. State Treasurer State of Michigan’s holdings in Hain Celestial Group were worth $1,581,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Saratoga Research & Investment Management purchased a new position in Hain Celestial Group during the third quarter valued at $124,000. First National Trust Co. purchased a new position in Hain Celestial Group during the third quarter valued at $201,000. Oakbrook Investments LLC purchased a new position in Hain Celestial Group during the third quarter valued at $202,000. GSA Capital Partners LLP purchased a new position in Hain Celestial Group during the third quarter valued at $228,000. Finally, Creative Planning purchased a new position in Hain Celestial Group during the fourth quarter valued at $234,000. Institutional investors own 90.03% of the company’s stock.

Several equities analysts recently weighed in on HAIN shares. Zacks Investment Research downgraded Hain Celestial Group from a “hold” rating to a “sell” rating in a research report on Tuesday, January 9th. BMO Capital Markets downgraded Hain Celestial Group from an “outperform” rating to a “market perform” rating and lowered their target price for the company from $48.00 to $44.00 in a research report on Thursday, October 19th. Jefferies Group reiterated a “buy” rating and set a $52.00 target price on shares of Hain Celestial Group in a research report on Wednesday, February 7th. BidaskClub downgraded Hain Celestial Group from a “sell” rating to a “strong sell” rating in a research report on Saturday, January 13th. Finally, Loop Capital reiterated a “hold” rating and set a $38.00 target price on shares of Hain Celestial Group in a research report on Friday, December 22nd. Three equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $40.72.

Hain Celestial Group Inc (NASDAQ HAIN) opened at $34.46 on Thursday. Hain Celestial Group Inc has a 52-week low of $31.01 and a 52-week high of $45.61. The company has a market capitalization of $3,580.00, a PE ratio of 48.54, a PEG ratio of 1.43 and a beta of 1.09. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.44 and a quick ratio of 1.19.

Hain Celestial Group (NASDAQ:HAIN) last announced its quarterly earnings data on Wednesday, February 7th. The company reported $0.41 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by ($0.01). Hain Celestial Group had a net margin of 2.95% and a return on equity of 5.15%. The business had revenue of $775.20 million during the quarter, compared to analysts’ expectations of $774.50 million. During the same quarter in the previous year, the firm earned $0.32 earnings per share. Hain Celestial Group’s revenue was up 4.8% on a year-over-year basis. sell-side analysts predict that Hain Celestial Group Inc will post 1.66 EPS for the current fiscal year.

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

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