TIAA CREF Investment Management LLC Trims Stake in The Hain Celestial Group, Inc. (HAIN)

TIAA CREF Investment Management LLC trimmed its stake in shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN) by 47.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 219,618 shares of the company’s stock after selling 195,879 shares during the period. TIAA CREF Investment Management LLC owned about 0.21% of The Hain Celestial Group worth $8,526,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Teachers Advisors LLC lifted its position in shares of The Hain Celestial Group by 13.2% during the 2nd quarter. Teachers Advisors LLC now owns 123,735 shares of the company’s stock valued at $4,803,000 after acquiring an additional 14,435 shares during the period. Alliancebernstein L.P. lifted its position in shares of The Hain Celestial Group by 3.1% during the 2nd quarter. Alliancebernstein L.P. now owns 63,420 shares of the company’s stock valued at $2,462,000 after acquiring an additional 1,907 shares during the period. South Dakota Investment Council lifted its position in shares of The Hain Celestial Group by 22.3% during the 2nd quarter. South Dakota Investment Council now owns 214,500 shares of the company’s stock valued at $8,327,000 after acquiring an additional 39,100 shares during the period. Schroder Investment Management Group lifted its position in shares of The Hain Celestial Group by 4.5% during the 2nd quarter. Schroder Investment Management Group now owns 1,404,705 shares of the company’s stock valued at $50,232,000 after acquiring an additional 60,443 shares during the period. Finally, Delta Lloyd Asset Management N.V. acquired a new stake in shares of The Hain Celestial Group during the 2nd quarter valued at approximately $9,483,000. Institutional investors own 91.97% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: “TIAA CREF Investment Management LLC Trims Stake in The Hain Celestial Group, Inc. (HAIN)” was first reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this piece of content on another domain, it was stolen and reposted in violation of US & international trademark & copyright laws. The correct version of this piece of content can be viewed at https://ledgergazette.com/2017/10/09/tiaa-cref-investment-management-llc-trims-stake-in-the-hain-celestial-group-inc-hain.html.

A number of equities research analysts have recently issued reports on the stock. Wells Fargo & Company set a $42.00 price target on shares of The Hain Celestial Group and gave the company a “hold” rating in a research report on Saturday, July 1st. Maxim Group reiterated a “buy” rating and set a $50.00 price target on shares of The Hain Celestial Group in a research report on Tuesday, August 29th. BidaskClub upgraded shares of The Hain Celestial Group from a “strong sell” rating to a “sell” rating in a research report on Thursday, June 29th. Vetr downgraded shares of The Hain Celestial Group from a “buy” rating to a “hold” rating and set a $39.79 price target for the company. in a research report on Monday, July 3rd. Finally, Barclays PLC reiterated a “hold” rating and set a $39.00 price target on shares of The Hain Celestial Group in a research report on Friday, September 1st. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $41.52.

The Hain Celestial Group, Inc. (NASDAQ HAIN) opened at 41.95 on Monday. The firm has a market capitalization of $4.35 billion, a P/E ratio of 64.54 and a beta of 1.28. The company’s 50 day moving average price is $40.72 and its 200 day moving average price is $38.73. The Hain Celestial Group, Inc. has a 12 month low of $31.01 and a 12 month high of $45.61.

The Hain Celestial Group (NASDAQ:HAIN) last issued its earnings results on Tuesday, August 29th. The company reported $0.43 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.03. The firm had revenue of $725.10 million during the quarter, compared to analysts’ expectations of $720.70 million. The Hain Celestial Group had a net margin of 2.36% and a return on equity of 7.65%. The firm’s revenue for the quarter was down 1.7% compared to the same quarter last year. During the same period last year, the firm posted $0.43 earnings per share. Analysts anticipate that The Hain Celestial Group, Inc. will post $1.66 EPS for the current year.

The Hain Celestial Group announced that its Board of Directors has authorized a share buyback program on Thursday, June 22nd that allows the company to buyback $250.00 million in shares. This buyback authorization

Several other hedge funds also recently bought and sold shares of the company. Teachers Advisors LLC lifted its position in shares of The Hain Celestial Group by 13.2% during the 2nd quarter. Teachers Advisors LLC now owns 123,735 shares of the company’s stock valued at $4,803,000 after acquiring an additional 14,435 shares during the period. Alliancebernstein L.P. lifted its position in shares of The Hain Celestial Group by 3.1% during the 2nd quarter. Alliancebernstein L.P. now owns 63,420 shares of the company’s stock valued at $2,462,000 after acquiring an additional 1,907 shares during the period. South Dakota Investment Council lifted its position in shares of The Hain Celestial Group by 22.3% during the 2nd quarter. South Dakota Investment Council now owns 214,500 shares of the company’s stock valued at $8,327,000 after acquiring an additional 39,100 shares during the period. Schroder Investment Management Group lifted its position in shares of The Hain Celestial Group by 4.5% during the 2nd quarter. Schroder Investment Management Group now owns 1,404,705 shares of the company’s stock valued at $50,232,000 after acquiring an additional 60,443 shares during the period. Finally, Delta Lloyd Asset Management N.V. acquired a new stake in shares of The Hain Celestial Group during the 2nd quarter valued at approximately $9,483,000. Institutional investors own 91.97% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: “TIAA CREF Investment Management LLC Trims Stake in The Hain Celestial Group, Inc. (HAIN)” was first reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this piece of content on another domain, it was stolen and reposted in violation of US & international trademark & copyright laws. The correct version of this piece of content can be viewed at https://ledgergazette.com/2017/10/09/tiaa-cref-investment-management-llc-trims-stake-in-the-hain-celestial-group-inc-hain.html.

A number of equities research analysts have recently issued reports on the stock. Wells Fargo & Company set a $42.00 price target on shares of The Hain Celestial Group and gave the company a “hold” rating in a research report on Saturday, July 1st. Maxim Group reiterated a “buy” rating and set a $50.00 price target on shares of The Hain Celestial Group in a research report on Tuesday, August 29th. BidaskClub upgraded shares of The Hain Celestial Group from a “strong sell” rating to a “sell” rating in a research report on Thursday, June 29th. Vetr downgraded shares of The Hain Celestial Group from a “buy” rating to a “hold” rating and set a $39.79 price target for the company. in a research report on Monday, July 3rd. Finally, Barclays PLC reiterated a “hold” rating and set a $39.00 price target on shares of The Hain Celestial Group in a research report on Friday, September 1st. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $41.52.

The Hain Celestial Group, Inc. (NASDAQ HAIN) opened at 41.95 on Monday. The firm has a market capitalization of $4.35 billion, a P/E ratio of 64.54 and a beta of 1.28. The company’s 50 day moving average price is $40.72 and its 200 day moving average price is $38.73. The Hain Celestial Group, Inc. has a 12 month low of $31.01 and a 12 month high of $45.61.

The Hain Celestial Group (NASDAQ:HAIN) last issued its earnings results on Tuesday, August 29th. The company reported $0.43 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.03. The firm had revenue of $725.10 million during the quarter, compared to analysts’ expectations of $720.70 million. The Hain Celestial Group had a net margin of 2.36% and a return on equity of 7.65%. The firm’s revenue for the quarter was down 1.7% compared to the same quarter last year. During the same period last year, the firm posted $0.43 earnings per share. Analysts anticipate that The Hain Celestial Group, Inc. will post $1.66 EPS for the current year.

The Hain Celestial Group announced that its Board of Directors has authorized a share buyback program on Thursday, June 22nd that allows the company to buyback $250.00 million in shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its stock is undervalued.

The 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 The Hain Celestial Group (NASDAQ:HAIN)

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