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

The Hain Celestial Group, Inc. (NASDAQ:HAIN) insider Chad D. Marquardt acquired 2,500 shares of the stock in a transaction dated Monday, November 11th. The stock was acquired at an average cost of $7.46 per share, with a total value of $18,650.00. Following the transaction, the insider now directly owns 19,825 shares in the company, valued at approximately $147,894.50. This represents a 14.43 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

The Hain Celestial Group Price Performance

NASDAQ HAIN opened at $6.86 on Friday. The Hain Celestial Group, Inc. has a 1 year low of $5.68 and a 1 year high of $11.97. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.05 and a current ratio of 2.01. The company has a fifty day moving average of $8.29 and a 200 day moving average of $7.58.

The Hain Celestial Group (NASDAQ:HAIN) last announced its quarterly earnings results on Thursday, November 7th. The company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.02). The Hain Celestial Group had a negative net margin of 4.94% and a positive return on equity of 3.13%. The company had revenue of $394.60 million for the quarter, compared to analysts’ expectations of $394.24 million. During the same quarter in the prior year, the business posted ($0.04) earnings per share. The firm’s revenue was down 7.2% compared to the same quarter last year. On average, research analysts anticipate that The Hain Celestial Group, Inc. will post 0.46 earnings per share for the current fiscal year.

Hedge Funds Weigh In On The Hain Celestial Group

Large investors have recently made changes to their positions in the company. Allworth Financial LP increased 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 buying an additional 2,423 shares in the last quarter. Signaturefd LLC boosted its position in The Hain Celestial Group by 125.9% during the second quarter. Signaturefd LLC now owns 3,994 shares of the company’s stock worth $28,000 after purchasing an additional 2,226 shares in the last quarter. nVerses Capital LLC grew its holdings in The Hain Celestial Group by 161.1% in the second quarter. nVerses Capital LLC now owns 4,700 shares of the company’s stock valued at $32,000 after purchasing an additional 2,900 shares during the period. Point72 Asia Singapore Pte. Ltd. raised its stake in shares of The Hain Celestial Group by 225.5% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 4,954 shares of the company’s stock worth $43,000 after buying an additional 3,432 shares during the period. Finally, CWM LLC raised its stake 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 worth $61,000 after buying an additional 6,895 shares during the period. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

HAIN has been the subject of a number of research analyst reports. Piper Sandler reiterated a “neutral” rating and issued a $8.00 price target on shares of The Hain Celestial Group in a research note on Thursday, September 19th. DA Davidson cut their price target on shares of The Hain Celestial Group from $9.00 to $8.00 and set a “neutral” rating on the stock in a research note on Tuesday. Barclays lowered their price objective on shares of The Hain Celestial Group from $9.00 to $8.00 and set an “equal weight” rating for the company in a research note on Monday. Finally, Stifel Nicolaus raised their target price on The Hain Celestial Group from $8.00 to $9.00 and gave the stock a “hold” rating in a research note on Wednesday, August 28th. Six investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat, The Hain Celestial Group has a consensus rating of “Hold” and a consensus target price of $9.43.

About The Hain Celestial Group

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.