Insider Buying: The Hain Celestial Group, Inc. (NASDAQ:HAIN) Director Purchases 200,000 Shares of Stock

The Hain Celestial Group, Inc. (NASDAQ:HAIN - Get Free Report) Director Dawn M. Zier bought 200,000 shares of the business's stock in a transaction on Friday, May 9th. The stock was bought at an average cost of $1.60 per share, for a total transaction of $320,000.00. Following the purchase, the director now directly owns 288,229 shares of the company's stock, valued at approximately $461,166.40. This trade represents a 226.68% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

The Hain Celestial Group Stock Performance

Shares of HAIN opened at $1.59 on Monday. The company has a current ratio of 1.90, a quick ratio of 1.00 and a debt-to-equity ratio of 0.90. The Hain Celestial Group, Inc. has a 12 month low of $1.30 and a 12 month high of $9.43. The firm has a fifty day simple moving average of $3.43 and a 200 day simple moving average of $5.28. The stock has a market capitalization of $143.04 million, a price-to-earnings ratio of -0.82 and a beta of 1.05.

The Hain Celestial Group (NASDAQ:HAIN - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $390.35 million during the quarter, compared to the consensus estimate of $414.45 million. During the same quarter in the previous year, the business earned $0.13 EPS. The Hain Celestial Group's revenue was down 10.9% on a year-over-year basis. Research analysts forecast that The Hain Celestial Group, Inc. will post 0.4 EPS for the current fiscal year.

Analyst Ratings Changes

HAIN has been the subject of several recent analyst reports. Stifel Nicolaus lowered their target price on shares of The Hain Celestial Group from $4.00 to $1.50 and set a "hold" rating for the company in a research note on Thursday. Maxim Group dropped their price objective on The Hain Celestial Group from $10.00 to $5.00 and set a "buy" rating on the stock in a research note on Thursday. Evercore ISI reduced their target price on The Hain Celestial Group from $6.00 to $5.00 and set an "in-line" rating on the stock in a report on Wednesday, April 23rd. JPMorgan Chase & Co. lowered their price target on The Hain Celestial Group from $6.00 to $5.00 and set a "neutral" rating for the company in a report on Friday, March 14th. Finally, Mizuho cut their price objective on The Hain Celestial Group from $7.00 to $4.50 and set a "neutral" rating on the stock in a report on Tuesday, February 11th. Nine research 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 presently has an average rating of "Hold" and a consensus target price of $4.61.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in HAIN. Wealthfront Advisers LLC acquired a new position in The Hain Celestial Group during the fourth quarter worth approximately $370,371,000. Barclays PLC increased its holdings in shares of The Hain Celestial Group by 124.6% in the third quarter. Barclays PLC now owns 182,609 shares of the company's stock valued at $1,576,000 after purchasing an additional 101,290 shares during the last quarter. Proficio Capital Partners LLC bought a new position in shares of The Hain Celestial Group in the fourth quarter valued at about $142,000. JPMorgan Chase & Co. raised its position in shares of The Hain Celestial Group by 53.5% in the fourth quarter. JPMorgan Chase & Co. now owns 491,877 shares of the company's stock valued at $3,025,000 after purchasing an additional 171,420 shares during the period. Finally, Madison Investment Advisors LLC acquired a new stake in shares of The Hain Celestial Group during the 4th quarter worth about $3,583,000. Institutional investors and hedge funds 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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