Chad D. Marquardt Acquires 3,200 Shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN) Stock

The Hain Celestial Group, Inc. (NASDAQ:HAIN) insider Chad D. Marquardt bought 3,200 shares of the company’s stock in a transaction that occurred on Thursday, February 20th. The shares were bought at an average price of $4.04 per share, with a total value of $12,928.00. Following the transaction, the insider now owns 23,025 shares of the company’s stock, valued at $93,021. The trade was a 16.14 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

The Hain Celestial Group Trading Up 3.5 %

Shares of HAIN opened at $4.18 on Friday. The Hain Celestial Group, Inc. has a twelve month low of $3.28 and a twelve month high of $10.07. The company has a market cap of $377.25 million, a P/E ratio of -2.15 and a beta of 0.74. The company has a current ratio of 1.90, a quick ratio of 1.00 and a debt-to-equity ratio of 0.90. The company’s fifty day simple moving average is $5.30 and its 200-day simple moving average is $7.05.

The Hain Celestial Group (NASDAQ:HAIN) last announced its earnings results on Monday, February 10th. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.04). The Hain Celestial Group had a negative net margin of 10.51% and a positive return on equity of 2.88%. As a group, analysts expect that The Hain Celestial Group, Inc. will post 0.4 EPS for the current year.

Analysts Set New Price Targets

HAIN has been the topic of a number of recent research reports. Mizuho decreased their price target on shares of The Hain Celestial Group from $7.00 to $4.50 and set a “neutral” rating on the stock in a research note on Tuesday, February 11th. Evercore ISI decreased their price target on shares of The Hain Celestial Group from $9.00 to $6.00 and set an “in-line” rating on the stock in a research note on Wednesday, February 12th. Maxim Group decreased their price target on shares of The Hain Celestial Group from $15.00 to $10.00 and set a “buy” rating on the stock in a research note on Tuesday, February 11th. DA Davidson decreased 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, November 12th. Finally, JPMorgan Chase & Co. decreased their price target on shares of The Hain Celestial Group from $8.00 to $6.00 and set a “neutral” rating on the stock in a research note on Monday, February 3rd. Seven investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, The Hain Celestial Group has an average rating of “Hold” and an average target price of $6.56.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in HAIN. Wealthfront Advisers LLC purchased a new position in The Hain Celestial Group in the 4th quarter worth about $370,371,000. Invesco Ltd. increased its stake in The Hain Celestial Group by 272.4% in the 4th quarter. Invesco Ltd. now owns 5,870,075 shares of the company’s stock worth $36,101,000 after buying an additional 4,293,945 shares during the period. Wellington Management Group LLP purchased a new position in The Hain Celestial Group in the 4th quarter worth about $14,322,000. Frontier Capital Management Co. LLC increased its stake in The Hain Celestial Group by 512.0% in the 4th quarter. Frontier Capital Management Co. LLC now owns 2,520,722 shares of the company’s stock worth $15,502,000 after buying an additional 2,108,845 shares during the period. Finally, Raiffeisen Bank International AG purchased a new position in The Hain Celestial Group in the 4th quarter worth about $12,619,000. Hedge funds and other institutional investors own 97.01% of the company’s stock.

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.