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

The Hain Celestial Group, Inc. (NASDAQ:HAIN) insider Chad D. Marquardt purchased 2,500 shares of The Hain Celestial Group stock in a transaction on Monday, November 11th. The stock was bought at an average price of $7.46 per share, for a total transaction of $18,650.00. Following the completion of the acquisition, the insider now owns 19,825 shares in the company, valued at $147,894.50. The trade was a 14.43 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

The Hain Celestial Group Trading Up 3.6 %

Shares of The Hain Celestial Group stock opened at $6.86 on Friday. The stock’s fifty day moving average is $8.29 and its two-hundred day moving average is $7.58. The company has a quick ratio of 1.05, a current ratio of 2.01 and a debt-to-equity ratio of 0.76. The Hain Celestial Group, Inc. has a 52 week low of $5.68 and a 52 week high of $11.97.

The Hain Celestial Group (NASDAQ:HAIN) last issued its earnings results on Thursday, November 7th. The company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $394.60 million for the quarter, compared to the consensus estimate of $394.24 million. During the same period last year, the firm earned ($0.04) earnings per share. The company’s revenue for the quarter was down 7.2% on a year-over-year basis. Sell-side analysts predict that The Hain Celestial Group, Inc. will post 0.46 earnings per share for the current fiscal year.

Institutional Trading of The Hain Celestial Group

A number of hedge funds have recently added to or reduced their stakes in the business. Millennium Management LLC boosted its position in The Hain Celestial Group by 171.3% during the 2nd quarter. Millennium Management LLC now owns 2,634,718 shares of the company’s stock valued at $18,206,000 after acquiring an additional 1,663,542 shares in the last quarter. Invenomic Capital Management LP bought a new stake in The Hain Celestial Group during the first quarter valued at about $11,294,000. Federated Hermes Inc. grew its stake in The Hain Celestial Group by 224.9% in the second quarter. Federated Hermes Inc. now owns 860,471 shares of the company’s stock valued at $5,946,000 after purchasing an additional 595,649 shares during the last quarter. AQR Capital Management LLC bought a new position in The Hain Celestial Group in the second quarter worth about $3,942,000. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of The Hain Celestial Group by 257.0% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 496,842 shares of the company’s stock valued at $4,288,000 after buying an additional 357,669 shares during the last quarter. 97.01% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

HAIN has been the subject of several research reports. Piper Sandler reiterated 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. DA Davidson cut their target price on The Hain Celestial Group from $9.00 to $8.00 and set a “neutral” rating on the stock in a research report on Tuesday. Stifel Nicolaus raised their price target on The Hain Celestial Group from $8.00 to $9.00 and gave the stock a “hold” rating in a research report on Wednesday, August 28th. Finally, Barclays cut their price objective on shares of The Hain Celestial Group from $9.00 to $8.00 and set an “equal weight” rating on the stock in a research report on Monday. Six research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $9.43.

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.