The Hain Celestial Group, Inc. (NASDAQ:HAIN) Insider Purchases $12,928.00 in Stock

The Hain Celestial Group, Inc. (NASDAQ:HAIN) insider Chad D. Marquardt bought 3,200 shares of the stock in a transaction dated Thursday, February 20th. The shares were acquired at an average cost of $4.04 per share, for a total transaction of $12,928.00. Following the completion of the acquisition, the insider now directly owns 23,025 shares of the company’s stock, valued at approximately $93,021. This trade represents a 16.14 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

The Hain Celestial Group Trading Up 3.5 %

HAIN stock opened at $4.18 on Friday. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.00 and a current ratio of 1.90. The Hain Celestial Group, Inc. has a 12-month low of $3.28 and a 12-month high of $10.07. The company’s fifty day simple moving average is $5.30 and its 200 day simple moving average is $7.06.

The Hain Celestial Group (NASDAQ:HAIN) last posted its quarterly 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, research analysts predict that The Hain Celestial Group, Inc. will post 0.4 EPS for the current fiscal year.

Institutional Investors Weigh In On The Hain Celestial Group

Hedge funds and other institutional investors have recently made changes to their positions in the business. Allworth Financial LP increased its position in shares of The Hain Celestial Group by 433.5% during the third quarter. Allworth Financial LP now owns 2,982 shares of the company’s stock worth $26,000 after acquiring an additional 2,423 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. increased its position in shares of The Hain Celestial Group by 225.5% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 4,954 shares of the company’s stock worth $43,000 after acquiring an additional 3,432 shares in the last quarter. CWA Asset Management Group LLC bought a new stake in shares of The Hain Celestial Group during the third quarter worth about $87,000. CWM LLC grew its position in The Hain Celestial Group by 14.5% in the 3rd quarter. CWM LLC now owns 10,098 shares of the company’s stock worth $87,000 after purchasing an additional 1,276 shares in the last quarter. Finally, Van ECK Associates Corp grew its position in The Hain Celestial Group by 49.0% in the 4th quarter. Van ECK Associates Corp now owns 10,805 shares of the company’s stock worth $66,000 after purchasing an additional 3,554 shares in the last quarter. 97.01% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently issued reports on HAIN shares. Piper Sandler decreased their price objective on shares of The Hain Celestial Group from $8.00 to $7.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Evercore ISI decreased their target price 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. Stifel Nicolaus decreased their target price on shares of The Hain Celestial Group from $7.00 to $6.00 and set a “hold” rating on the stock in a research note on Tuesday, February 11th. Mizuho decreased their target price 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. Finally, Maxim Group decreased their target price 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. Seven research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $6.56.

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.