The Hain Celestial Group, Inc. (NASDAQ:HAIN) Director Neil Campbell Buys 25,640 Shares

The Hain Celestial Group, Inc. (NASDAQ:HAIN - Get Free Report) Director Neil Campbell acquired 25,640 shares of the firm's stock in a transaction that occurred on Thursday, May 22nd. The shares were bought at an average price of $1.93 per share, with a total value of $49,485.20. Following the acquisition, the director now directly owns 62,929 shares of the company's stock, valued at $121,452.97. The trade was a 68.76% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

The Hain Celestial Group Price Performance

Shares of The Hain Celestial Group stock traded down $0.09 during trading on Wednesday, hitting $1.94. 399,671 shares of the company were exchanged, compared to its average volume of 1,741,641. The stock has a market capitalization of $174.64 million, a price-to-earnings ratio of -1.00 and a beta of 1.05. The firm has a 50 day moving average price of $2.90 and a 200 day moving average price of $4.74. The Hain Celestial Group, Inc. has a fifty-two week low of $1.30 and a fifty-two week high of $9.43. The company has a quick ratio of 1.00, a current ratio of 1.90 and a debt-to-equity ratio of 0.90.

The Hain Celestial Group (NASDAQ:HAIN - Get Free Report) last issued its quarterly 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 analysts' expectations 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 revenue for the quarter was down 10.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.13 EPS. On average, equities analysts expect that The Hain Celestial Group, Inc. will post 0.4 earnings per share for the current fiscal year.

Institutional Investors Weigh In On The Hain Celestial Group

A number of institutional investors have recently modified their holdings of the stock. Wealthfront Advisers LLC acquired a new position in The Hain Celestial Group during the 4th quarter worth $370,371,000. Barrow Hanley Mewhinney & Strauss LLC increased its stake in shares of The Hain Celestial Group by 9.8% during the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 6,223,817 shares of the company's stock worth $38,276,000 after purchasing an additional 555,195 shares during the last quarter. Invesco Ltd. grew its holdings in The Hain Celestial Group by 272.4% during the fourth quarter. Invesco Ltd. now owns 5,870,075 shares of the company's stock valued at $36,101,000 after purchasing an additional 4,293,945 shares during the last quarter. Millennium Management LLC lifted its holdings in shares of The Hain Celestial Group by 295.4% during the first quarter. Millennium Management LLC now owns 4,731,690 shares of the company's stock worth $19,637,000 after buying an additional 3,535,073 shares during the last quarter. Finally, Frontier Capital Management Co. LLC increased its position in shares of The Hain Celestial Group by 512.0% during the fourth quarter. Frontier Capital Management Co. LLC now owns 2,520,722 shares of the company's stock valued at $15,502,000 after purchasing an additional 2,108,845 shares during the period. Institutional investors and hedge funds own 97.01% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on HAIN. JPMorgan Chase & Co. lowered their price objective on shares of The Hain Celestial Group from $6.00 to $5.00 and set a "neutral" rating for the company in a research note on Friday, March 14th. Mizuho dropped their price target on The Hain Celestial Group from $7.00 to $4.50 and set a "neutral" rating for the company in a research note on Tuesday, February 11th. CL King restated a "neutral" rating on shares of The Hain Celestial Group in a report on Thursday, May 8th. Sanford C. Bernstein downgraded The Hain Celestial Group from an "outperform" rating to a "market perform" rating and set a $1.50 price objective on the stock. in a research report on Thursday, May 8th. Finally, Barclays lowered their price target on The Hain Celestial Group from $4.00 to $2.00 and set an "equal weight" rating for the company in a research report on Monday, May 12th. Nine equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $4.39.

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.