The Hain Celestial Group (NASDAQ:HAIN) Shares Up 7.7% Following Insider Buying Activity

The Hain Celestial Group, Inc. (NASDAQ:HAIN - Get Free Report)'s share price traded up 7.7% during mid-day trading on Monday after an insider bought additional shares in the company. The stock traded as high as $7.63 and last traded at $7.57. 734,813 shares were traded during trading, a decline of 43% from the average session volume of 1,283,124 shares. The stock had previously closed at $7.03.

Specifically, insider Chad D. Marquardt purchased 10,000 shares of the firm's stock in a transaction on Friday, May 10th. The stock was purchased at an average cost of $6.95 per share, for a total transaction of $69,500.00. Following the completion of the purchase, the insider now directly owns 10,000 shares in the company, valued at $69,500. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, insider Chad D. Marquardt bought 10,000 shares of the company's stock in a transaction dated Friday, May 10th. The stock was bought at an average price of $6.95 per share, with a total value of $69,500.00. Following the completion of the acquisition, the insider now owns 10,000 shares of the company's stock, valued at $69,500. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Wendy P. Davidson purchased 5,000 shares of the firm's stock in a transaction that occurred on Friday, May 10th. The stock was acquired at an average price of $6.99 per share, for a total transaction of $34,950.00. Following the completion of the purchase, the chief executive officer now directly owns 63,309 shares of the company's stock, valued at approximately $442,529.91. The disclosure for this purchase can be found here. Insiders have bought a total of 20,000 shares of company stock worth $151,750 over the last three months. Corporate insiders own 0.72% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on HAIN. JPMorgan Chase & Co. cut their target price on shares of The Hain Celestial Group from $11.00 to $10.00 and set a "neutral" rating on the stock in a research report on Thursday, February 8th. Maxim Group dropped their price target on The Hain Celestial Group from $18.00 to $15.00 and set a "buy" rating on the stock in a research note on Thursday. Stifel Nicolaus reduced their target price on shares of The Hain Celestial Group from $10.00 to $8.00 and set a "hold" rating for the company in a research note on Friday, April 26th. Barclays dropped their target price on shares of The Hain Celestial Group from $8.00 to $7.00 and set an "equal weight" rating for the company in a research report on Friday. Finally, DA Davidson assumed coverage on shares of The Hain Celestial Group in a report on Friday, March 1st. They set a "neutral" rating and a $10.00 price objective for the company. Eight investment analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $11.60.

The Hain Celestial Group Stock Performance

The company has a market cap of $682.78 million, a P/E ratio of -7.45 and a beta of 0.74. The business has a fifty day moving average of $7.34 and a 200 day moving average of $9.49. The company has a quick ratio of 1.07, a current ratio of 2.10 and a debt-to-equity ratio of 0.82.

The Hain Celestial Group (NASDAQ:HAIN - Get Free Report) last posted its earnings results on Wednesday, May 8th. The company reported $0.13 EPS for the quarter, topping the consensus estimate of $0.07 by $0.06. The Hain Celestial Group had a negative net margin of 5.14% and a positive return on equity of 2.91%. The firm had revenue of $438.36 million during the quarter, compared to analysts' expectations of $463.37 million. During the same period last year, the company posted $0.08 EPS. The company's quarterly revenue was down 3.7% compared to the same quarter last year. On average, equities analysts predict that The Hain Celestial Group, Inc. will post 0.28 EPS for the current year.

Hedge Funds Weigh In On The Hain Celestial Group

Institutional investors have recently added to or reduced their stakes in the company. Signaturefd LLC lifted its holdings in shares of The Hain Celestial Group by 265.2% during the fourth quarter. Signaturefd LLC now owns 4,127 shares of the company's stock valued at $45,000 after purchasing an additional 2,997 shares in the last quarter. Cary Street Partners Investment Advisory LLC boosted its position in shares of The Hain Celestial Group by 1,647.1% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 4,455 shares of the company's stock valued at $46,000 after buying an additional 4,200 shares during the period. Quadrant Capital Group LLC increased its stake in The Hain Celestial Group by 204.3% in the fourth quarter. Quadrant Capital Group LLC now owns 8,221 shares of the company's stock worth $90,000 after purchasing an additional 5,519 shares during the period. Oak Thistle LLC bought a new stake in The Hain Celestial Group during the 4th quarter valued at about $111,000. Finally, PNC Financial Services Group Inc. boosted its holdings in shares of The Hain Celestial Group by 146.4% in the third quarter. PNC Financial Services Group Inc. now owns 11,743 shares of the company's stock valued at $122,000 after purchasing an additional 6,978 shares during the period. 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.