The Hain Celestial Group, Inc. (NASDAQ:HAIN) Insider Acquires $18,650.00 in Stock

The Hain Celestial Group, Inc. (NASDAQ:HAIN - Get Free Report) 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 owns 19,825 shares in the company, valued at $147,894.50. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

The Hain Celestial Group Price Performance

Shares of NASDAQ:HAIN traded down $0.57 during midday trading on Tuesday, reaching $6.68. 1,706,836 shares of the company's stock traded hands, compared to its average volume of 1,194,946. The Hain Celestial Group, Inc. has a 1 year low of $5.68 and a 1 year high of $11.97. The company has a market cap of $600.20 million, a P/E ratio of -7.35 and a beta of 0.74. The company has a fifty day simple moving average of $8.40 and a two-hundred day simple moving average of $7.59. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.01 and a current ratio of 2.01.

The Hain Celestial Group (NASDAQ:HAIN - Get Free Report) last announced its earnings results on Thursday, November 7th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.02). The business had revenue of $394.60 million for the quarter, compared to analyst estimates of $394.24 million. The Hain Celestial Group had a positive return on equity of 3.09% and a negative net margin of 4.94%. The business's revenue was down 7.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.04) EPS. Equities analysts predict that The Hain Celestial Group, Inc. will post 0.48 EPS for the current fiscal year.

Hedge Funds Weigh In On The Hain Celestial Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Allworth Financial LP raised its position in The Hain Celestial Group by 433.5% in the third quarter. Allworth Financial LP now owns 2,982 shares of the company's stock valued at $26,000 after purchasing an additional 2,423 shares during the last quarter. Signaturefd LLC raised its position in The Hain Celestial Group by 125.9% in the 2nd quarter. Signaturefd LLC now owns 3,994 shares of the company's stock worth $28,000 after buying an additional 2,226 shares during the last quarter. nVerses Capital LLC boosted its stake in The Hain Celestial Group by 161.1% in the 2nd quarter. nVerses Capital LLC now owns 4,700 shares of the company's stock worth $32,000 after purchasing an additional 2,900 shares during the period. CWM LLC increased its stake in The Hain Celestial Group by 357.8% in the second quarter. CWM LLC now owns 8,822 shares of the company's stock worth $61,000 after purchasing an additional 6,895 shares during the period. Finally, Choreo LLC bought a new stake in The Hain Celestial Group during the second quarter valued at about $71,000. Institutional investors and hedge funds own 97.01% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Piper Sandler reaffirmed a "neutral" rating and issued a $8.00 price objective on shares of The Hain Celestial Group in a research note on Thursday, September 19th. Stifel Nicolaus raised their target price on The Hain Celestial Group from $8.00 to $9.00 and gave the stock a "hold" rating in a research report on Wednesday, August 28th. Barclays dropped their price objective on The Hain Celestial Group from $9.00 to $8.00 and set an "equal weight" rating for the company in a report on Monday. Finally, DA Davidson lowered their target price on The Hain Celestial Group from $9.00 to $8.00 and set a "neutral" rating on the stock in a research note on Tuesday. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $9.43.

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.