Insider Buying: The Hain Celestial Group, Inc. (NASDAQ:HAIN) Director Acquires 83,000 Shares of Stock

The Hain Celestial Group, Inc. (NASDAQ:HAIN) Director Celeste A. Clark acquired 83,000 shares of the company’s stock in a transaction dated Tuesday, May 13th. The shares were bought at an average price of $1.79 per share, for a total transaction of $148,570.00. Following the purchase, the director now owns 83,000 shares in the company, valued at approximately $148,570. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

The Hain Celestial Group Trading Up 9.4%

Shares of HAIN stock opened at $1.97 on Friday. The Hain Celestial Group, Inc. has a 12-month low of $1.30 and a 12-month high of $9.43. The company has a market capitalization of $177.80 million, a PE ratio of -1.02 and a beta of 1.05. The firm has a 50 day moving average price of $3.18 and a two-hundred day moving average price of $5.09. The company has a quick ratio of 1.00, a current ratio of 1.90 and a debt-to-equity ratio of 0.90.

The Hain Celestial Group (NASDAQ:HAIN) last released its quarterly earnings results on Wednesday, May 7th. The company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.05). The Hain Celestial Group had a positive return on equity of 2.88% and a negative net margin of 10.51%. The firm had revenue of $390.35 million for the quarter, compared to analyst estimates of $414.45 million. During the same period in the previous year, the business posted $0.13 earnings per share. The business’s revenue for the quarter was down 10.9% on a year-over-year basis. As a group, analysts predict that The Hain Celestial Group, Inc. will post 0.4 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. JPMorgan Chase & Co. lowered their target price on shares of The Hain Celestial Group from $6.00 to $5.00 and set a “neutral” rating on the stock in a report on Friday, March 14th. Barclays lowered their price objective on shares of The Hain Celestial Group from $4.00 to $2.00 and set an “equal weight” rating on the stock in a research note on Monday, May 12th. Mizuho cut their target price on shares of The Hain Celestial Group from $7.00 to $4.50 and set a “neutral” rating for the company in a research note on Tuesday, February 11th. Evercore ISI lowered their price target on The Hain Celestial Group from $6.00 to $5.00 and set an “in-line” rating on the stock in a research report on Wednesday, April 23rd. Finally, Stifel Nicolaus dropped their price objective on The Hain Celestial Group from $4.00 to $1.50 and set a “hold” rating on the stock in a research note on Thursday, May 8th. Nine research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $4.39.

Institutional Investors Weigh In On The Hain Celestial Group

A number of institutional investors have recently modified their holdings of HAIN. Signaturefd LLC increased its position in The Hain Celestial Group by 174.5% during the first quarter. Signaturefd LLC now owns 6,858 shares of the company’s stock worth $28,000 after acquiring an additional 4,360 shares during the period. Van ECK Associates Corp grew its position in shares of The Hain Celestial Group by 49.0% during the 4th quarter. Van ECK Associates Corp now owns 10,805 shares of the company’s stock worth $66,000 after purchasing an additional 3,554 shares in the last quarter. Virtu Financial LLC bought a new position in shares of The Hain Celestial Group during the fourth quarter worth approximately $73,000. Wedmont Private Capital bought a new position in shares of The Hain Celestial Group during the first quarter worth approximately $52,000. Finally, Brooklyn Investment Group raised its position in shares of The Hain Celestial Group by 6,315.1% in the first quarter. Brooklyn Investment Group now owns 12,766 shares of the company’s stock valued at $53,000 after buying an additional 12,567 shares in the last quarter. Institutional investors own 97.01% of the company’s stock.

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.