Dimensional Fund Advisors LP lessened its stake in shares of Hain Celestial Group Inc (NASDAQ:HAIN) by 2.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 893,591 shares of the company’s stock after selling 25,306 shares during the quarter. Dimensional Fund Advisors LP owned 0.86% of Hain Celestial Group worth $14,172,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of HAIN. Paradice Investment Management LLC bought a new position in shares of Hain Celestial Group during the 4th quarter worth approximately $30,442,000. Oregon Public Employees Retirement Fund increased its holdings in 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 in the last quarter. PGGM Investments increased its holdings in Hain Celestial Group by 34.0% during the 4th quarter. PGGM Investments now owns 1,402,297 shares of the company’s stock valued at $22,240,000 after purchasing an additional 356,000 shares in the last quarter. Great Lakes Advisors LLC increased its holdings in Hain Celestial Group by 213.5% during the 3rd quarter. Great Lakes Advisors LLC now owns 454,873 shares of the company’s stock valued at $12,336,000 after purchasing an additional 309,792 shares in the last quarter. Finally, Neuberger Berman Group LLC increased its holdings in Hain Celestial Group by 5.6% during the 3rd quarter. Neuberger Berman Group LLC now owns 5,378,757 shares of the company’s stock valued at $145,867,000 after purchasing an additional 283,888 shares in the last quarter. Institutional investors and hedge funds own 96.58% of the company’s stock.
Shares of NASDAQ HAIN traded down $0.04 during midday trading on Friday, hitting $22.88. The stock had a trading volume of 1,035,234 shares, compared to its average volume of 1,192,135. The stock has a market capitalization of $2.39 billion, a P/E ratio of 19.72, a price-to-earnings-growth ratio of 5.83 and a beta of 1.42. Hain Celestial Group Inc has a fifty-two week low of $14.45 and a fifty-two week high of $31.53. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.25 and a current ratio of 2.16.
In related news, Director Glenn W. Welling acquired 1,003,918 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The stock was acquired at an average cost of $19.30 per share, with a total value of $19,375,617.40. Following the completion of the purchase, the director now directly owns 21,577 shares in the company, valued at $416,436.10. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Glenn W. Welling acquired 1,222,979 shares of the firm’s stock in a transaction that occurred on Wednesday, March 6th. The shares were bought at an average cost of $20.48 per share, with a total value of $25,046,609.92. Following the completion of the purchase, 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. Insiders bought a total of 4,978,829 shares of company stock valued at $101,772,309 over the last three months. Insiders own 13.50% of the company’s stock.
HAIN has been the subject of a number of recent analyst reports. Maxim Group reaffirmed a “buy” rating and set a $25.00 price target (down from $36.00) on shares of Hain Celestial Group in a report on Friday, February 8th. Jefferies Financial Group reaffirmed a “buy” rating and set a $35.00 price target on shares of Hain Celestial Group in a report on Thursday, February 28th. Citigroup raised their price target on 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 Hain Celestial Group from a “c-” rating to a “d” rating in a report on Thursday, February 14th. Finally, Piper Jaffray Companies set a $17.00 price target on Hain Celestial Group and gave the company a “hold” rating in a report on Friday, February 8th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $25.04.
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About Hain Celestial Group
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.
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