Insider Buying: The Hain Celestial Group, Inc. (NASDAQ:HAIN) Director Acquires 25,640 Shares of Stock

The Hain Celestial Group, Inc. (NASDAQ:HAIN - Get Free Report) Director Neil Campbell bought 25,640 shares of The Hain Celestial Group stock in a transaction that occurred on Thursday, May 22nd. The stock was bought at an average cost of $1.93 per share, for a total transaction of $49,485.20. Following the purchase, the director now owns 62,929 shares in the company, valued at $121,452.97. This represents a 68.76% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

The Hain Celestial Group Price Performance

NASDAQ HAIN opened at $1.94 on Friday. The stock's fifty day moving average price is $3.02 and its 200 day moving average price is $4.90. The company has a market cap of $174.64 million, a price-to-earnings ratio of -0.99 and a beta of 1.05. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.90 and a quick ratio of 1.00. The Hain Celestial Group, Inc. has a 1 year low of $1.30 and a 1 year high of $9.43.

The Hain Celestial Group (NASDAQ:HAIN - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.05). The Hain Celestial Group had a negative net margin of 10.51% and a positive return on equity of 2.88%. The firm had revenue of $390.35 million for the quarter, compared to analyst estimates of $414.45 million. During the same period in the previous year, the firm posted $0.13 EPS. The company's revenue was down 10.9% compared to the same quarter last year. As a group, equities research analysts forecast that The Hain Celestial Group, Inc. will post 0.4 earnings per share for the current year.

Analysts Set New Price Targets

HAIN has been the topic of several recent analyst reports. Barclays cut their price target on shares of The Hain Celestial Group from $4.00 to $2.00 and set an "equal weight" rating on the stock in a report on Monday, May 12th. Stifel Nicolaus decreased their target price on The Hain Celestial Group from $4.00 to $1.50 and set a "hold" rating for the company in a research report on Thursday, May 8th. Maxim Group decreased their price objective on shares of The Hain Celestial Group from $10.00 to $5.00 and set a "buy" rating on the stock in a research note on Thursday, May 8th. Mizuho decreased their price objective on The Hain Celestial Group from $7.00 to $4.50 and set a "neutral" rating for the company in a report on Tuesday, February 11th. Finally, Evercore ISI dropped their target price on shares of The Hain Celestial Group from $6.00 to $5.00 and set an "in-line" rating for the company in a research report on Wednesday, April 23rd. Nine equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat.com, The Hain Celestial Group currently has a consensus rating of "Hold" and an average target price of $4.39.

Institutional Investors Weigh In On The Hain Celestial Group

Large investors have recently bought and sold shares of the stock. Wealthfront Advisers LLC acquired a new position in shares of The Hain Celestial Group during the fourth quarter worth $370,371,000. Barrow Hanley Mewhinney & Strauss LLC grew its position in shares of The Hain Celestial Group by 9.8% in the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 6,223,817 shares of the company's stock valued at $38,276,000 after buying an additional 555,195 shares during the last quarter. Invesco Ltd. raised its stake in The Hain Celestial Group by 272.4% during the 4th quarter. Invesco Ltd. now owns 5,870,075 shares of the company's stock worth $36,101,000 after acquiring an additional 4,293,945 shares in the last quarter. Millennium Management LLC lifted its position in The Hain Celestial Group by 295.4% in the first quarter. Millennium Management LLC now owns 4,731,690 shares of the company's stock valued at $19,637,000 after acquiring an additional 3,535,073 shares during the last quarter. Finally, Frontier Capital Management Co. LLC boosted its stake in The Hain Celestial Group by 512.0% in 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 acquiring an additional 2,108,845 shares in the last quarter. Hedge funds and other 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.

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