Alison Lewis Buys 30,000 Shares of The Hain Celestial Group (NASDAQ:HAIN) Stock

Key Points

• Alison Lewis, CEO of The Hain Celestial Group, acquired 30,000 shares at an average price of $1.49 on September 18, totaling approximately $44,700.
• The company's stock has recently seen a 8.6% increase in trading, reaching $1.66, despite missing earnings estimates for the previous quarter.
• Equities analysts have decreased their price targets for HAIN, with Barclays and Mizuho lowering their objectives to $1.50, indicating a shift in market sentiment.

The Hain Celestial Group, Inc. (NASDAQ:HAIN - Get Free Report) CEO Alison Lewis bought 30,000 shares of the stock in a transaction dated Thursday, September 18th. The stock was bought at an average price of $1.49 per share, for a total transaction of $44,700.00. Following the purchase, the chief executive officer directly owned 30,000 shares of the company's stock, valued at approximately $44,700. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Alison Lewis also recently made the following trade(s):

• On Friday, September 19th, Alison Lewis purchased 44,895 shares of The Hain Celestial Group stock. The stock was acquired at an average cost of $1.50 per share, with a total value of $67,342.50.

The Hain Celestial Group Price Performance

NASDAQ HAIN traded up $0.12 during trading hours on Monday, reaching $1.65. The company's stock had a trading volume of 3,137,270 shares, compared to its average volume of 2,152,759. The firm has a market capitalization of $148.98 million, a price-to-earnings ratio of -0.28 and a beta of 0.79. The Hain Celestial Group, Inc. has a 1-year low of $1.30 and a 1-year high of $9.43. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.91 and a quick ratio of 1.02. The company's 50-day moving average is $1.73 and its two-hundred day moving average is $2.28.

The Hain Celestial Group (NASDAQ:HAIN - Get Free Report) last released its quarterly earnings results on Monday, September 15th. The company reported ($0.02) earnings per share for the quarter, missing analysts' consensus estimates of $0.04 by ($0.06). The business had revenue of $363.35 million during the quarter, compared to analyst estimates of $371.58 million. The Hain Celestial Group had a positive return on equity of 1.10% and a negative net margin of 34.03%.The business's revenue for the quarter was down 13.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.13 EPS. On average, equities analysts predict that The Hain Celestial Group, Inc. will post 0.4 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Allianz Asset Management GmbH raised its stake in The Hain Celestial Group by 1.3% during the first quarter. Allianz Asset Management GmbH now owns 294,715 shares of the company's stock worth $1,223,000 after purchasing an additional 3,715 shares during the period. Signaturefd LLC increased its holdings in shares of The Hain Celestial Group by 174.5% during the 1st quarter. Signaturefd LLC now owns 6,858 shares of the company's stock worth $28,000 after buying an additional 4,360 shares during the last quarter. Cerity Partners LLC raised its position in shares of The Hain Celestial Group by 50.8% during the 1st quarter. Cerity Partners LLC now owns 16,708 shares of the company's stock valued at $69,000 after buying an additional 5,625 shares during the period. Quantinno Capital Management LP raised its position in shares of The Hain Celestial Group by 51.1% during the 4th quarter. Quantinno Capital Management LP now owns 18,949 shares of the company's stock valued at $117,000 after buying an additional 6,407 shares during the period. Finally, Intech Investment Management LLC grew its position in The Hain Celestial Group by 14.2% in the second quarter. Intech Investment Management LLC now owns 53,821 shares of the company's stock worth $82,000 after acquiring an additional 6,673 shares during the period. Hedge funds and other institutional investors own 97.01% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on HAIN. Mizuho reduced their price target on The Hain Celestial Group from $2.50 to $1.50 and set a "neutral" rating for the company in a report on Tuesday, September 16th. Stephens cut The Hain Celestial Group from an "overweight" rating to an "equal weight" rating and reduced their target price for the company from $3.00 to $2.00 in a report on Wednesday, September 17th. Piper Sandler reduced their target price on The Hain Celestial Group from $2.00 to $1.80 and set a "neutral" rating for the company in a report on Tuesday, June 3rd. Barclays reduced their target price on The Hain Celestial Group from $2.00 to $1.50 and set an "equal weight" rating for the company in a report on Wednesday, September 17th. Finally, Zacks Research cut The Hain Celestial Group from a "hold" rating to a "strong sell" rating in a report on Wednesday, September 17th. One equities research analyst has rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $3.28.

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.