First Republic Investment Management Inc. Has $2.10 Million Holdings in Hain Celestial Group Inc (HAIN)

First Republic Investment Management Inc. raised its stake in Hain Celestial Group Inc (NASDAQ:HAIN) by 239.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 90,932 shares of the company’s stock after acquiring an additional 64,148 shares during the period. First Republic Investment Management Inc.’s holdings in Hain Celestial Group were worth $2,102,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in HAIN. BlackRock Inc. lifted its stake in shares of Hain Celestial Group by 1.2% during the fourth quarter. BlackRock Inc. now owns 8,063,817 shares of the company’s stock valued at $127,891,000 after acquiring an additional 92,065 shares during the period. Neuberger Berman Group LLC lifted its stake in shares of Hain Celestial Group by 5.6% during the third quarter. Neuberger Berman Group LLC now owns 5,378,757 shares of the company’s stock valued at $145,867,000 after acquiring an additional 283,888 shares during the period. Thrivent Financial for Lutherans lifted its stake in shares of Hain Celestial Group by 14.3% during the fourth quarter. Thrivent Financial for Lutherans now owns 3,645,824 shares of the company’s stock valued at $57,823,000 after acquiring an additional 455,337 shares during the period. State of New Jersey Common Pension Fund D lifted its stake in shares of Hain Celestial Group by 1.7% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 3,000,000 shares of the company’s stock valued at $47,580,000 after acquiring an additional 50,000 shares during the period. Finally, Bank of New York Mellon Corp lifted its stake in shares of Hain Celestial Group by 14.6% during the third quarter. Bank of New York Mellon Corp now owns 1,975,057 shares of the company’s stock valued at $53,564,000 after acquiring an additional 251,624 shares during the period. Institutional investors own 96.58% of the company’s stock.

HAIN has been the topic of several analyst reports. JPMorgan Chase & Co. lowered Hain Celestial Group from an “overweight” rating to a “neutral” rating and increased their target price for the company from $20.00 to $23.00 in a research note on Monday, April 1st. BidaskClub raised Hain Celestial Group from a “sell” rating to a “hold” rating in a research note on Saturday, May 4th. Zacks Investment Research raised Hain Celestial Group from a “sell” rating to a “hold” rating in a research note on Wednesday, April 10th. Citigroup increased their target price on Hain Celestial Group from $21.00 to $25.50 and gave the company a “buy” rating in a research note on Monday, April 15th. Finally, Jefferies Financial Group reissued a “buy” rating and issued a $35.00 target price on shares of Hain Celestial Group in a research note on Friday, March 15th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $25.19.

NASDAQ:HAIN opened at $22.92 on Friday. Hain Celestial Group Inc has a 1-year low of $14.45 and a 1-year high of $31.53. The company has a current ratio of 2.17, a quick ratio of 1.25 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $2.44 billion, a price-to-earnings ratio of 19.76, a P/E/G ratio of 5.71 and a beta of 1.42.

Hain Celestial Group (NASDAQ:HAIN) last released its earnings results on Thursday, May 9th. The company reported $0.21 earnings per share for the quarter, meeting the consensus estimate of $0.21. The firm had revenue of $599.80 million for the quarter, compared to analyst estimates of $597.75 million. Hain Celestial Group had a positive return on equity of 5.28% and a negative net margin of 6.72%. The company’s quarterly revenue was down 5.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.37 earnings per share. Research analysts anticipate that Hain Celestial Group Inc will post 0.66 EPS for the current year.

In other Hain Celestial Group news, Director Glenn W. Welling purchased 1,003,918 shares of the company’s stock in a transaction dated Friday, March 1st. The shares were bought at an average price of $19.30 per share, with a total value of $19,375,617.40. Following the completion of the transaction, the director now directly owns 21,577 shares in the company, valued at approximately $416,436.10. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Glenn W. Welling purchased 1,222,979 shares of the company’s stock in a transaction dated Wednesday, March 6th. The shares were acquired at an average cost of $20.48 per share, for a total transaction of $25,046,609.92. Following the transaction, the director now owns 21,577 shares of the company’s stock, valued at $441,896.96. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 4,978,829 shares of company stock worth $101,772,309. 13.50% of the stock is currently owned by insiders.

ILLEGAL ACTIVITY WARNING: This news story was originally reported by Baseball Daily News and is the sole property of of Baseball Daily News. If you are accessing this news story on another site, it was stolen and reposted in violation of United States & international copyright & trademark law. The legal version of this news story can be viewed at https://www.baseballdailydigest.com/news/2019/05/10/first-republic-investment-management-inc-has-2-10-million-holdings-in-hain-celestial-group-inc-hain.html.

Hain Celestial Group 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.

Featured Article: Analyst Ratings Trading

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).

Institutional Ownership by Quarter for Hain Celestial Group (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.