The Hain Celestial Group, Inc. (NASDAQ:HAIN) Director Purchases $148,570.00 in Stock

The Hain Celestial Group, Inc. (NASDAQ:HAIN) Director Celeste A. Clark purchased 83,000 shares of the company’s stock in a transaction on Tuesday, May 13th. The stock was purchased at an average price of $1.79 per share, for a total transaction of $148,570.00. Following the purchase, the director now directly owns 83,000 shares of the company’s stock, valued at $148,570. This trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

The Hain Celestial Group Trading Up 9.4%

The Hain Celestial Group stock opened at $1.97 on Friday. The firm has a 50 day simple moving average of $3.18 and a 200-day simple moving average of $5.06. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.90 and a quick ratio of 1.00. The stock has a market capitalization of $177.80 million, a PE ratio of -1.02 and a beta of 1.05. The Hain Celestial Group, Inc. has a 12-month low of $1.30 and a 12-month high of $9.43.

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

Analysts Set New Price Targets

Several brokerages have commented on HAIN. Barclays dropped their price target 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. CL King restated a “neutral” rating on shares of The Hain Celestial Group in a research note on Thursday, May 8th. Stifel Nicolaus dropped their price target on shares of 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. Mizuho decreased their price objective on shares of The Hain Celestial Group from $7.00 to $4.50 and set a “neutral” rating for the company in a report on Tuesday, February 11th. Finally, Evercore ISI decreased their price objective on shares of The Hain Celestial Group from $6.00 to $5.00 and set an “in-line” rating for the company in a report on Wednesday, April 23rd. Nine equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $4.39.

Institutional Trading of The Hain Celestial Group

Large investors have recently added to or reduced their stakes in the business. Signaturefd LLC boosted its holdings 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 buying an additional 4,360 shares in the last quarter. Van ECK Associates Corp boosted its holdings in The Hain Celestial Group by 49.0% during the fourth quarter. Van ECK Associates Corp now owns 10,805 shares of the company’s stock worth $66,000 after buying an additional 3,554 shares in the last quarter. Virtu Financial LLC bought a new stake in The Hain Celestial Group during the fourth quarter worth approximately $73,000. Wedmont Private Capital bought a new stake in The Hain Celestial Group during the first quarter worth approximately $52,000. Finally, Brooklyn Investment Group boosted its holdings in The Hain Celestial Group by 6,315.1% during the first quarter. Brooklyn Investment Group now owns 12,766 shares of the company’s stock worth $53,000 after buying an additional 12,567 shares in the last quarter. 97.01% of the stock is currently owned by 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.