The Hain Celestial Group, Inc. (NASDAQ:HAIN) Insider Buys $18,650.00 in Stock

The Hain Celestial Group, Inc. (NASDAQ:HAIN) insider Chad D. Marquardt bought 2,500 shares of The Hain Celestial Group stock in a transaction dated Monday, November 11th. The shares were bought at an average price of $7.46 per share, for a total transaction of $18,650.00. Following the completion of the transaction, the insider now directly owns 19,825 shares of the company’s stock, valued at $147,894.50. This represents a 0.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link.

The Hain Celestial Group Stock Down 1.0 %

Shares of The Hain Celestial Group stock traded down $0.07 during trading on Tuesday, reaching $7.18. 121,154 shares of the company traded hands, compared to its average volume of 1,187,496. The firm has a market capitalization of $645.12 million, a PE ratio of -7.71 and a beta of 0.74. The company has a 50 day moving average price of $8.40 and a 200-day moving average price of $7.59. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.01 and a quick ratio of 1.01. The Hain Celestial Group, Inc. has a 1-year low of $5.68 and a 1-year high of $11.97.

The Hain Celestial Group (NASDAQ:HAIN) last posted its earnings results on Thursday, November 7th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.02). The Hain Celestial Group had a positive return on equity of 3.09% and a negative net margin of 4.94%. The firm had revenue of $394.60 million during the quarter, compared to the consensus estimate of $394.24 million. During the same quarter in the previous year, the company earned ($0.04) EPS. The business’s revenue was down 7.2% compared to the same quarter last year. As a group, equities research analysts expect that The Hain Celestial Group, Inc. will post 0.48 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on HAIN shares. Piper Sandler reissued a “neutral” rating and set a $8.00 price objective on shares of The Hain Celestial Group in a research report on Thursday, September 19th. Barclays decreased their target price on shares of The Hain Celestial Group from $9.00 to $8.00 and set an “equal weight” rating on the stock in a report on Monday. DA Davidson reaffirmed a “neutral” rating and set a $8.00 price target on shares of The Hain Celestial Group in a report on Wednesday, August 28th. Finally, Stifel Nicolaus lifted their price target on shares of The Hain Celestial Group from $8.00 to $9.00 and gave the company a “hold” rating in a report on Wednesday, August 28th. Six investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $9.43.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Allworth Financial LP boosted its holdings in The Hain Celestial Group by 433.5% in the third quarter. Allworth Financial LP now owns 2,982 shares of the company’s stock valued at $26,000 after acquiring an additional 2,423 shares in the last quarter. Signaturefd LLC boosted its holdings in shares of The Hain Celestial Group by 125.9% during the 2nd quarter. Signaturefd LLC now owns 3,994 shares of the company’s stock valued at $28,000 after buying an additional 2,226 shares in the last quarter. nVerses Capital LLC boosted its holdings in shares of The Hain Celestial Group by 161.1% during the 2nd quarter. nVerses Capital LLC now owns 4,700 shares of the company’s stock valued at $32,000 after buying an additional 2,900 shares in the last quarter. CWM LLC boosted its holdings in shares of The Hain Celestial Group by 357.8% during the 2nd quarter. CWM LLC now owns 8,822 shares of the company’s stock valued at $61,000 after buying an additional 6,895 shares in the last quarter. Finally, Choreo LLC bought a new position in The Hain Celestial Group in the 2nd quarter worth about $71,000. 97.01% of the stock is owned by hedge funds and other institutional investors.

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.