Nippon Life Global Investors Americas buys $11.8 Million stake in Hain Celestial Group Inc (HAIN)

Hain Celestial Group Inc (HAIN) : Nippon Life Global Investors Americas scooped up 165,940 additional shares in Hain Celestial Group Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 12, 2016. The investment management firm now holds a total of 250,270 shares of Hain Celestial Group Inc which is valued at $11.8 Million.Hain Celestial Group Inc makes up approximately 1.12% of Nippon Life Global Investors Americas’s portfolio.

Other Hedge Funds, Including , Wesbanco Bank Inc reduced its stake in HAIN by selling 16,900 shares or 20.12% in the most recent quarter. The Hedge Fund company now holds 67,097 shares of HAIN which is valued at $3.2 Million. Hain Celestial Group Inc makes up approx 0.19% of Wesbanco Bank Inc’s portfolio.Norges Bank boosted its stake in HAIN in the latest quarter, The investment management firm added 245,218 additional shares and now holds a total of 940,802 shares of Hain Celestial Group Inc which is valued at $44.4 Million. Hain Celestial Group Inc makes up approx 0.02% of Norges Bank’s portfolio.Woodstock Corp boosted its stake in HAIN in the latest quarter, The investment management firm added 23,180 additional shares and now holds a total of 79,368 shares of Hain Celestial Group Inc which is valued at $3.7 Million. Hain Celestial Group Inc makes up approx 0.79% of Woodstock Corp’s portfolio. Palouse Capital Management added HAIN to its portfolio by purchasing 6,409 company shares during the most recent quarter which is valued at $302,697. Hain Celestial Group Inc makes up approx 0.13% of Palouse Capital Management’s portfolio.Retirement Systems Of Alabama boosted its stake in HAIN in the latest quarter, The investment management firm added 258,742 additional shares and now holds a total of 391,044 shares of Hain Celestial Group Inc which is valued at $16.4 Million. Hain Celestial Group Inc makes up approx 0.10% of Retirement Systems Of Alabama’s portfolio.

Hain Celestial Group Inc opened for trading at $47.86 and hit $48.96 on the upside on Friday, eventually ending the session at $48.74, with a gain of 1.82% or 0.87 points. The heightened volatility saw the trading volume jump to 10,29,777 shares. Company has a market cap of $5,042,056 M.

On the company’s financial health, Hain Celestial Group Inc reported $0.49 EPS for the quarter, based on the information available during the earnings call on May 4, 2016. Analyst had a consensus estimate of $0.49. The company had revenue of $749.86 million for the quarter, compared to analysts expectations of $733.54 million. The company’s revenue was up 13.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.45 EPS.

Many Wall Street Analysts have commented on Hain Celestial Group Inc. Company shares were Reiterated by RBC Capital Mkts on May 5, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 44 from a previous price target of $42 .Hain Celestial Group Inc was Initiated by Atlantic Equities to “Neutral” on Apr 7, 2016. Shares were Reiterated by Argus on Feb 22, 2016 to “Buy” and Lowered the Price Target to $ 50 from a previous price target of $78 .

The Hain Celestial Group Inc. manufactures markets distributes and sells organic and natural products under brand names which are sold as better-for-you products. The Company operates in five segments: the United States the United Kingdom Canada Europe and Hain Pure Protein. The Company’s brands include Almond Dream Arrowhead Mills BluePrint Celestial Seasonings Cully & Sully Danival DeBoles Earth’s Best Ella’s Kitchen Europe’s Best Farmhouse Fare Frank Cooper’s Gale’s Garden of Eatin’ GG UniqueFiber Hartley’s Health Valley Imagine Johnson’s Juice Co. Lima Linda McCartney MaraNatha New Covent Garden Soup Co. Rice Dream Robertson’s Rudi’s Organic Bakery Rudi’s Gluten-Free Bakery Sensible Portions Spectrum Spectrum Essentials and Soy Dream among others. Its markets its personal care products under the Alba Botanica Avalon Organics Earth’s Best JASON and Queen Helene brands. In addition it offers the Joya and Happy brands.

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