The Hain Celestial Group (NASDAQ:HAIN) CEO Alison Lewis Purchases 44,895 Shares

Key Points

• CEO Alison Lewis of The Hain Celestial Group acquired 44,895 shares at an average price of $1.50 each, significantly increasing her total ownership by 149.65%.
• The company's stock experienced an 8.6% increase on Monday, trading at $1.66, although it remains lower than its 12-month high of $9.43.
• The Hain Celestial Group reported negative earnings of ($0.02) per share, falling short of analyst expectations, with revenue down 13.4% year-over-year.

The Hain Celestial Group, Inc. (NASDAQ:HAIN - Get Free Report) CEO Alison Lewis bought 44,895 shares of the company's stock in a transaction dated Friday, September 19th. The stock was bought at an average price of $1.50 per share, with a total value of $67,342.50. Following the acquisition, the chief executive officer owned 74,895 shares in the company, valued at approximately $112,342.50. This trade represents a 149.65% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Thursday, September 18th, Alison Lewis bought 30,000 shares of The Hain Celestial Group stock. The stock was bought at an average price of $1.49 per share, with a total value of $44,700.00.

The Hain Celestial Group Trading Up 7.8%

Shares of The Hain Celestial Group stock traded up $0.12 on Monday, reaching $1.65. The company had a trading volume of 3,137,270 shares, compared to its average volume of 2,152,759. 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 firm has a market cap of $148.98 million, a price-to-earnings ratio of -0.28 and a beta of 0.79. The firm's 50-day moving average price is $1.73 and its two-hundred day moving average price is $2.28.

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

Analyst Upgrades and Downgrades

HAIN has been the subject of a number of research analyst reports. Mizuho decreased their price target on The Hain Celestial Group from $2.50 to $1.50 and set a "neutral" rating for the company in a research note on Tuesday, September 16th. Wall Street Zen lowered The Hain Celestial Group from a "hold" rating to a "sell" rating in a research report on Saturday. Barclays decreased 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 research report on Wednesday, September 17th. Zacks Research lowered The Hain Celestial Group from a "hold" rating to a "strong sell" rating in a research report on Wednesday, September 17th. Finally, Piper Sandler decreased their target price on The Hain Celestial Group from $2.00 to $1.80 and set a "neutral" rating for the company in a research report on Tuesday, June 3rd. One analyst has rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $3.28.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in HAIN. Deutsche Bank AG grew its stake in The Hain Celestial Group by 54.4% during the 4th quarter. Deutsche Bank AG now owns 84,044 shares of the company's stock worth $517,000 after buying an additional 29,605 shares during the last quarter. Quantinno Capital Management LP grew its stake in 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 purchasing an additional 6,407 shares during the last quarter. ProShare Advisors LLC grew its stake in The Hain Celestial Group by 44.5% during the 4th quarter. ProShare Advisors LLC now owns 27,039 shares of the company's stock valued at $166,000 after purchasing an additional 8,322 shares during the last quarter. Two Sigma Investments LP grew its stake in The Hain Celestial Group by 3.7% during the 4th quarter. Two Sigma Investments LP now owns 992,063 shares of the company's stock valued at $6,101,000 after purchasing an additional 35,023 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in The Hain Celestial Group by 13.1% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 248,318 shares of the company's stock valued at $1,527,000 after purchasing an additional 28,788 shares during the last quarter. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

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.