The Hain Celestial Group, Inc. (NASDAQ:HAIN) Insider Chad D. Marquardt Buys 2,500 Shares

The Hain Celestial Group, Inc. (NASDAQ:HAIN) insider Chad D. Marquardt purchased 2,500 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were acquired at an average price of $7.46 per share, for a total transaction of $18,650.00. Following the purchase, the insider now directly owns 19,825 shares in the company, valued at approximately $147,894.50. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

The Hain Celestial Group Trading Down 7.9 %

HAIN opened at $6.68 on Wednesday. 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 Hain Celestial Group, Inc. has a fifty-two week low of $5.68 and a fifty-two week high of $11.97. The firm’s fifty day moving average is $8.36 and its 200 day moving average is $7.59.

The Hain Celestial Group (NASDAQ:HAIN) last released its quarterly earnings data on Thursday, November 7th. The company reported ($0.04) EPS 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 the consensus estimate of $394.24 million. During the same period last year, the company earned ($0.04) EPS. The firm’s revenue for the quarter was down 7.2% on a year-over-year basis. Research analysts forecast that The Hain Celestial Group, Inc. will post 0.46 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently weighed in on HAIN. Piper Sandler reiterated a “neutral” rating and set a $8.00 price target on shares of The Hain Celestial Group in a research note on Thursday, September 19th. Stifel Nicolaus lifted their price target on shares of 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. DA Davidson dropped 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. Finally, Barclays lowered their target price 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 note on Monday. Six investment 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, the company has an average rating of “Hold” and a consensus price target of $9.43.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Blair William & Co. IL boosted its holdings in shares of The Hain Celestial Group by 418.3% during the 1st quarter. Blair William & Co. IL now owns 366,948 shares of the company’s stock valued at $2,884,000 after purchasing an additional 296,150 shares during the last quarter. Deerfield Management Company L.P. Series C boosted its holdings in shares of The Hain Celestial Group by 391.6% during the 2nd quarter. Deerfield Management Company L.P. Series C now owns 124,589 shares of the company’s stock valued at $861,000 after purchasing an additional 99,246 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of The Hain Celestial Group by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 10,942,729 shares of the company’s stock valued at $86,010,000 after purchasing an additional 84,689 shares during the last quarter. First Eagle Investment Management LLC raised its position in shares of The Hain Celestial Group by 12.1% during the 2nd quarter. First Eagle Investment Management LLC now owns 730,854 shares of the company’s stock valued at $5,050,000 after buying an additional 79,000 shares in the last quarter. Finally, Cornercap Investment Counsel Inc. purchased a new stake in shares of The Hain Celestial Group during the 2nd quarter valued at about $479,000. Institutional investors own 97.01% of the company’s stock.

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.