Hain Celestial Group Inc (HAIN) Shares Bought by Millennium Management LLC

Millennium Management LLC lifted its stake in shares of Hain Celestial Group Inc (NASDAQ:HAIN) by 498.6% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 294,859 shares of the company’s stock after purchasing an additional 245,601 shares during the period. Millennium Management LLC owned about 0.27% of Hain Celestial Group worth $8,787,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. Arizona State Retirement System raised its stake in Hain Celestial Group by 2.6% during the second quarter. Arizona State Retirement System now owns 72,153 shares of the company’s stock worth $2,150,000 after acquiring an additional 1,845 shares during the period. HGK Asset Management Inc. raised its stake in Hain Celestial Group by 19.4% during the second quarter. HGK Asset Management Inc. now owns 11,872 shares of the company’s stock worth $354,000 after acquiring an additional 1,930 shares during the period. Mitsubishi UFJ Asset Management UK Ltd. raised its stake in Hain Celestial Group by 13.3% during the second quarter. Mitsubishi UFJ Asset Management UK Ltd. now owns 17,000 shares of the company’s stock worth $660,000 after acquiring an additional 2,000 shares during the period. Rand Wealth LLC raised its stake in Hain Celestial Group by 5.7% during the second quarter. Rand Wealth LLC now owns 37,294 shares of the company’s stock worth $1,111,000 after acquiring an additional 2,000 shares during the period. Finally, Strategic Financial Services Inc raised its stake in Hain Celestial Group by 3.2% during the second quarter. Strategic Financial Services Inc now owns 76,806 shares of the company’s stock worth $2,289,000 after acquiring an additional 2,359 shares during the period. 92.47% of the stock is currently owned by institutional investors and hedge funds.

Several research firms recently weighed in on HAIN. ValuEngine upgraded shares of Hain Celestial Group from a “strong sell” rating to a “sell” rating in a research note on Tuesday, October 2nd. BidaskClub upgraded shares of Hain Celestial Group from a “sell” rating to a “hold” rating in a research note on Wednesday, June 20th. Jefferies Financial Group reiterated a “buy” rating and set a $40.00 price objective on shares of Hain Celestial Group in a research note on Monday, June 25th. Citigroup dropped their price objective on shares of Hain Celestial Group from $40.00 to $36.00 and set a “buy” rating on the stock in a research note on Monday, June 25th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Hain Celestial Group from $27.00 to $28.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 29th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $33.87.

Shares of NASDAQ:HAIN opened at $26.75 on Tuesday. Hain Celestial Group Inc has a 52 week low of $25.41 and a 52 week high of $44.37. The company has a market capitalization of $2.82 billion, a price-to-earnings ratio of 23.06, a PEG ratio of 2.92 and a beta of 1.14. The company has a current ratio of 2.49, a quick ratio of 1.56 and a debt-to-equity ratio of 0.40.

Hain Celestial Group (NASDAQ:HAIN) last announced its quarterly earnings results on Tuesday, August 28th. The company reported $0.27 EPS for the quarter, beating the consensus estimate of $0.26 by $0.01. Hain Celestial Group had a net margin of 0.35% and a return on equity of 7.37%. The company had revenue of $619.60 million for the quarter, compared to analyst estimates of $629.25 million. During the same quarter last year, the business earned $0.41 earnings per share. Hain Celestial Group’s revenue was up 2.8% compared to the same quarter last year. Sell-side analysts predict that Hain Celestial Group Inc will post 1.24 EPS for the current year.

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

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