New York State Teachers Retirement System Sells 7,100 Shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN)

New York State Teachers Retirement System reduced its stake in The Hain Celestial Group, Inc. (NASDAQ:HAIN) by 6.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 111,394 shares of the company’s stock after selling 7,100 shares during the period. New York State Teachers Retirement System’s holdings in The Hain Celestial Group were worth $1,220,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of HAIN. Advisor Group Holdings Inc. raised its stake in The Hain Celestial Group by 4.5% in the first quarter. Advisor Group Holdings Inc. now owns 9,772 shares of the company’s stock worth $327,000 after buying an additional 425 shares in the last quarter. American Century Companies Inc. raised its stake in The Hain Celestial Group by 23.9% in the first quarter. American Century Companies Inc. now owns 11,368 shares of the company’s stock worth $391,000 after buying an additional 2,193 shares in the last quarter. Citigroup Inc. raised its stake in The Hain Celestial Group by 3.3% in the first quarter. Citigroup Inc. now owns 35,662 shares of the company’s stock worth $1,226,000 after buying an additional 1,142 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in The Hain Celestial Group by 5.3% in the first quarter. PNC Financial Services Group Inc. now owns 8,763 shares of the company’s stock worth $303,000 after buying an additional 443 shares in the last quarter. Finally, MetLife Investment Management LLC raised its stake in The Hain Celestial Group by 31.1% in the first quarter. MetLife Investment Management LLC now owns 58,998 shares of the company’s stock worth $2,030,000 after buying an additional 13,987 shares in the last quarter. 97.01% of the stock is owned by institutional investors.

The Hain Celestial Group Trading Down 2.2 %

Shares of HAIN stock opened at $5.76 on Thursday. The Hain Celestial Group, Inc. has a 12-month low of $5.68 and a 12-month high of $18.25. The company has a current ratio of 2.24, a quick ratio of 1.14 and a debt-to-equity ratio of 0.81. The firm’s 50 day moving average is $8.44 and its 200 day moving average is $9.98. The stock has a market capitalization of $517.42 million, a P/E ratio of -3.25 and a beta of 0.68.

The Hain Celestial Group (NASDAQ:HAIN) last issued its earnings results on Wednesday, February 7th. The company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.01. The Hain Celestial Group had a negative net margin of 8.88% and a positive return on equity of 2.48%. The company had revenue of $454.10 million for the quarter, compared to analysts’ expectations of $461.31 million. During the same quarter last year, the company posted $0.20 earnings per share. The firm’s quarterly revenue was up .0% on a year-over-year basis. Research analysts expect that The Hain Celestial Group, Inc. will post 0.29 earnings per share for the current year.

Insiders Place Their Bets

In other The Hain Celestial Group news, CEO Wendy P. Davidson purchased 5,000 shares of the firm’s stock in a transaction on Tuesday, February 13th. The shares were acquired at an average cost of $9.46 per share, for a total transaction of $47,300.00. Following the completion of the transaction, the chief executive officer now owns 58,309 shares of the company’s stock, valued at $551,603.14. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.72% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on HAIN shares. Barclays cut their price target on shares of The Hain Celestial Group from $11.00 to $8.00 and set an “equal weight” rating on the stock in a report on Friday, April 12th. JPMorgan Chase & Co. cut their price target on shares of The Hain Celestial Group from $11.00 to $10.00 and set a “neutral” rating on the stock in a report on Thursday, February 8th. DA Davidson started coverage on shares of The Hain Celestial Group in a report on Friday, March 1st. They set a “neutral” rating and a $10.00 price target on the stock. Mizuho cut their price target on shares of The Hain Celestial Group from $11.00 to $10.00 and set a “neutral” rating on the stock in a report on Wednesday, April 3rd. Finally, Maxim Group cut their price target on shares of The Hain Celestial Group from $25.00 to $18.00 and set a “buy” rating on the stock in a report on Thursday, February 8th. Eight equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $13.00.

The Hain Celestial Group Company Profile

The Hain Celestial Group, Inc manufactures, markets, and sells organic and natural products in United States, United Kingdom, Europe, and internationally. It operates through two segments: North America and International. The company offers infant formula; infant, toddler, and kids' food; plant-based beverages and frozen desserts, such as soy, rice, oat, and spelt; and condiments.