The Hain Celestial Group, Inc. (NASDAQ:HAIN) Director Dawn M. Zier Acquires 200,000 Shares

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, with a total value of $320,000.00. Following the completion of the purchase, the director now directly owns 288,229 shares in the company, valued at approximately $461,166.40. The trade was a 226.68% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

The Hain Celestial Group Price Performance

Shares of NASDAQ HAIN traded up $0.17 on Friday, hitting $1.97. The company's stock had a trading volume of 4,015,776 shares, compared to its average volume of 1,720,521. 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 stock has a 50 day moving average of $3.18 and a 200-day moving average of $5.09. The Hain Celestial Group, Inc. has a 12-month low of $1.30 and a 12-month high of $9.43. The company has a market capitalization of $177.80 million, a price-to-earnings ratio of -1.02 and a beta of 1.05.

The Hain Celestial Group (NASDAQ:HAIN - Get Free Report) last released its earnings results on Wednesday, May 7th. The company reported $0.07 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $414.45 million. During the same quarter last year, the company posted $0.13 earnings per share. The Hain Celestial Group's revenue for the quarter was down 10.9% on a year-over-year basis. As a group, research analysts predict that The Hain Celestial Group, Inc. will post 0.4 EPS for the current year.

Wall Street Analyst Weigh In

HAIN has been the topic of several research reports. Evercore ISI reduced their price target on shares of The Hain Celestial Group from $6.00 to $5.00 and set an "in-line" rating on the stock in a research report on Wednesday, April 23rd. Sanford C. Bernstein cut shares of 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 report on Thursday, May 8th. Barclays cut their price objective 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. JPMorgan Chase & Co. cut their target price on shares of The Hain Celestial Group from $6.00 to $5.00 and set a "neutral" rating on the stock in a report on Friday, March 14th. Finally, CL King reissued a "neutral" rating on shares of The Hain Celestial Group in a research note on Thursday, May 8th. Nine analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $4.39.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of HAIN. Signaturefd LLC lifted its position in shares of The Hain Celestial Group by 174.5% during the first quarter. Signaturefd LLC now owns 6,858 shares of the company's stock worth $28,000 after purchasing an additional 4,360 shares in the last quarter. Wedmont Private Capital bought a new stake in The Hain Celestial Group in the 1st quarter valued at about $52,000. Brooklyn Investment Group increased its position in The Hain Celestial Group by 6,315.1% in the 1st quarter. Brooklyn Investment Group now owns 12,766 shares of the company's stock valued at $53,000 after acquiring an additional 12,567 shares during the period. Byrne Asset Management LLC raised its stake in shares of The Hain Celestial Group by 240.0% during the first quarter. Byrne Asset Management LLC now owns 13,599 shares of the company's stock valued at $56,000 after purchasing an additional 9,599 shares in the last quarter. Finally, State of Wyoming acquired a new stake in shares of The Hain Celestial Group in the 1st quarter worth approximately $63,000. Hedge funds and other institutional investors own 97.01% of the company's stock.

About The Hain Celestial Group

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.