Cowen Inc. Acquires 100,500 Shares of The Hain Celestial Group, Inc. (HAIN)

Cowen Inc. increased its holdings in shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN) by 957.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 90,000 shares of the company’s stock after buying an additional 100,500 shares during the period. Cowen Inc. owned about 0.09% of The Hain Celestial Group worth $3,704,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the stock. Engineers Gate Manager LP acquired a new stake in The Hain Celestial Group during the 3rd quarter worth approximately $804,000. Envestnet Asset Management Inc. boosted its position in The Hain Celestial Group by 6.0% during the 3rd quarter. Envestnet Asset Management Inc. now owns 47,042 shares of the company’s stock worth $1,935,000 after buying an additional 2,668 shares during the period. Stifel Financial Corp raised its holdings in The Hain Celestial Group by 12.3% during the 3rd quarter. Stifel Financial Corp now owns 25,881 shares of the company’s stock worth $1,063,000 after purchasing an additional 2,843 shares during the last quarter. Welch & Forbes LLC raised its holdings in The Hain Celestial Group by 0.6% during the 3rd quarter. Welch & Forbes LLC now owns 280,165 shares of the company’s stock worth $11,528,000 after purchasing an additional 1,605 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. raised its holdings in The Hain Celestial Group by 10.4% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 455,205 shares of the company’s stock worth $18,732,000 after purchasing an additional 42,972 shares during the last quarter. Institutional investors and hedge funds own 90.28% of the company’s stock.

Several research analysts have issued reports on HAIN shares. Jefferies Group restated a “buy” rating and set a $52.00 price target on shares of The Hain Celestial Group in a report on Monday, August 28th. Maxim Group restated a “buy” rating and set a $50.00 price target on shares of The Hain Celestial Group in a report on Tuesday, August 29th. Zacks Investment Research upgraded shares of The Hain Celestial Group from a “hold” rating to a “buy” rating and set a $46.00 price target for the company in a report on Tuesday, October 10th. TheStreet lowered shares of The Hain Celestial Group from a “b-” rating to a “c” rating in a report on Tuesday, November 7th. Finally, Susquehanna Bancshares restated a “hold” rating and set a $45.00 price target on shares of The Hain Celestial Group in a report on Thursday, September 14th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and four have issued a buy rating to the stock. The Hain Celestial Group presently has an average rating of “Hold” and a consensus target price of $41.31.

Shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN) opened at $40.89 on Friday. The firm has a market cap of $4,299.05, a price-to-earnings ratio of 31.62, a PEG ratio of 1.77 and a beta of 1.26. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.50 and a quick ratio of 1.22. The Hain Celestial Group, Inc. has a one year low of $31.01 and a one year high of $45.61.

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

In related news, CEO Irwin D. Simon acquired 50,000 shares of the stock in a transaction dated Thursday, November 9th. The stock was bought at an average price of $34.14 per share, for a total transaction of $1,707,000.00. Following the purchase, the chief executive officer now directly owns 1,695,014 shares of the company’s stock, valued at approximately $57,867,777.96. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Michael B. Mcguinness acquired 3,500 shares of the stock in a transaction dated Thursday, November 9th. The stock was bought at an average price of $34.58 per share, with a total value of $121,030.00. Following the purchase, the senior vice president now directly owns 55,131 shares in the company, valued at $1,906,429.98. The disclosure for this purchase can be found here. Insiders bought a total of 68,500 shares of company stock valued at $2,352,730 in the last quarter. 12.34% of the stock is currently owned by company insiders.

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About The Hain Celestial Group

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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