Candriam Luxembourg S.C.A. Buys Shares of 12,000 The Hain Celestial Group, Inc. (NASDAQ:HAIN)

Candriam Luxembourg S.C.A. purchased a new stake in shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 12,000 shares of the company’s stock, valued at approximately $494,000.

Other large investors have also modified their holdings of the company. Saratoga Research & Investment Management bought a new position in shares of The Hain Celestial Group in the third quarter worth approximately $124,000. Tudor Investment Corp ET AL bought a new stake in shares of The Hain Celestial Group during the 1st quarter valued at $201,000. Miles Capital Inc. bought a new stake in shares of The Hain Celestial Group during the 2nd quarter valued at $201,000. Oakbrook Investments LLC bought a new stake in shares of The Hain Celestial Group during the 3rd quarter valued at $202,000. Finally, Virtu KCG Holdings LLC bought a new stake in shares of The Hain Celestial Group during the 2nd quarter valued at $241,000. Hedge funds and other institutional investors own 90.28% of the company’s stock.

The Hain Celestial Group, Inc. (NASDAQ:HAIN) traded up $0.46 on Wednesday, hitting $41.88. The stock had a trading volume of 794,853 shares, compared to its average volume of 1,765,613. The Hain Celestial Group, Inc. has a fifty-two week low of $31.01 and a fifty-two week high of $45.61. The company has a quick ratio of 1.22, a current ratio of 2.50 and a debt-to-equity ratio of 0.42. The company has a market cap of $4,380.00, a P/E ratio of 32.37, a price-to-earnings-growth ratio of 1.82 and a beta of 1.26.

The Hain Celestial Group (NASDAQ:HAIN) last posted its quarterly earnings results on Tuesday, November 7th. The company reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.01). The Hain Celestial Group had a return on equity of 8.03% and a net margin of 2.73%. The firm had revenue of $708.30 million for the quarter, compared to the consensus estimate of $697.39 million. During the same period in the previous year, the company posted $0.14 EPS. The Hain Celestial Group’s quarterly revenue was up 3.9% compared to the same quarter last year. equities analysts forecast that The Hain Celestial Group, Inc. will post 1.67 EPS for the current fiscal year.

In other news, Director Richard Dean Hollis acquired 10,000 shares of The Hain Celestial Group stock in a transaction dated Friday, November 10th. The stock was purchased at an average cost of $35.27 per share, for a total transaction of $352,700.00. Following the completion of the purchase, the director now directly owns 10,000 shares in the company, valued at approximately $352,700. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Michael B. Mcguinness acquired 3,500 shares of The Hain Celestial Group stock in a transaction dated Thursday, November 9th. The stock was purchased at an average price of $34.58 per share, with a total value of $121,030.00. Following the completion of the purchase, the senior vice president now owns 55,131 shares of the company’s stock, valued at $1,906,429.98. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 68,500 shares of company stock worth $2,352,730. 12.34% of the stock is owned by corporate insiders.

HAIN has been the subject of several recent analyst reports. Jefferies Group reaffirmed a “buy” rating and issued a $52.00 price target on shares of The Hain Celestial Group in a research report on Monday, August 28th. Maxim Group reissued a “buy” rating and issued a $50.00 target price on shares of The Hain Celestial Group in a research report on Tuesday, August 29th. Zacks Investment Research upgraded The Hain Celestial Group from a “hold” rating to a “buy” rating and set a $46.00 price target for the company in a research note on Tuesday, October 10th. TheStreet downgraded The Hain Celestial Group from a “b-” rating to a “c” rating in a research note on Tuesday, November 7th. Finally, Susquehanna Bancshares set a $45.00 price target on The Hain Celestial Group and gave the company a “hold” rating in a research note on Tuesday, August 29th. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $41.31.

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The Hain Celestial Group 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.

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

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