Neil Campbell Buys 62,640 Shares of The Hain Celestial Group (NASDAQ:HAIN) Stock

The Hain Celestial Group, Inc. (NASDAQ:HAIN) Director Neil Campbell acquired 62,640 shares of the business’s stock in a transaction dated Friday, September 19th. The stock was acquired at an average price of $1.52 per share, for a total transaction of $95,212.80. Following the completion of the transaction, the director owned 125,569 shares in the company, valued at approximately $190,864.88. The trade was a 99.54% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

The Hain Celestial Group Price Performance

Shares of HAIN stock opened at $1.64 on Wednesday. The firm has a market cap of $148.08 million, a P/E ratio of -0.28 and a beta of 0.79. The Hain Celestial Group, Inc. has a fifty-two week low of $1.30 and a fifty-two week high of $9.43. The business’s 50 day moving average price is $1.74 and its 200-day moving average price is $2.27. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.02 and a current ratio of 1.91.

The Hain Celestial Group (NASDAQ:HAIN) last released its earnings results on Monday, September 15th. The company reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.06). The firm had revenue of $363.35 million during the quarter, compared to analysts’ expectations of $371.58 million. The Hain Celestial Group had a negative net margin of 34.03% and a positive return on equity of 1.10%. The company’s revenue for the quarter was down 13.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.13 EPS. On average, equities research analysts anticipate that The Hain Celestial Group, Inc. will post 0.4 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on HAIN shares. Wall Street Zen cut The Hain Celestial Group from a “hold” rating to a “sell” rating in a research note on Saturday. Barclays decreased their price target on The Hain Celestial Group from $2.00 to $1.50 and set an “equal weight” rating for the company in a research note on Wednesday, September 17th. Stephens cut The Hain Celestial Group from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $3.00 to $2.00 in a research note on Wednesday, September 17th. Zacks Research cut The Hain Celestial Group from a “hold” rating to a “strong sell” rating in a research note on Wednesday, September 17th. Finally, Mizuho decreased their price target on The Hain Celestial Group from $2.50 to $1.50 and set a “neutral” rating for the company in a research note on Tuesday, September 16th. One equities research analyst has rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $3.28.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of HAIN. Assenagon Asset Management S.A. grew its stake in The Hain Celestial Group by 89.0% in the first quarter. Assenagon Asset Management S.A. now owns 567,234 shares of the company’s stock worth $2,354,000 after purchasing an additional 267,161 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in The Hain Celestial Group by 32.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,595,704 shares of the company’s stock worth $6,622,000 after purchasing an additional 391,034 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in The Hain Celestial Group by 45.6% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 23,592 shares of the company’s stock worth $98,000 after purchasing an additional 7,389 shares in the last quarter. Wellington Management Group LLP bought a new position in The Hain Celestial Group in the fourth quarter worth approximately $14,322,000. Finally, Jump Financial LLC bought a new stake in The Hain Celestial Group during the 1st quarter valued at $814,000. 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.