Insider Buying: The Hain Celestial Group (NASDAQ:HAIN) Director Acquires 62,640 Shares of Stock

Key Points

• Director Neil Campbell of The Hain Celestial Group purchased 62,640 shares at an average price of $1.52, increasing his ownership by 99.54% to a total of 125,569 shares.
• The Hain Celestial Group's stock recently increased by 8.6% to reach $1.66, despite the company experiencing a significant decline in revenue with a 13.4% decrease year-over-year.
• Brokerages have downgraded The Hain Celestial Group's stock, with new price targets set as low as $1.50, while most analysts currently have a consensus rating of "Hold."

The Hain Celestial Group, Inc. (NASDAQ:HAIN - Get Free Report) Director Neil Campbell acquired 62,640 shares of the firm's stock in a transaction dated Friday, September 19th. The stock was bought at an average cost of $1.52 per share, for a total transaction of $95,212.80. Following the purchase, the director directly owned 125,569 shares of the company's stock, valued at approximately $190,864.88. This trade represents a 99.54% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

The Hain Celestial Group Stock Performance

Shares of NASDAQ HAIN traded up $0.12 during trading on Monday, hitting $1.65. The company had a trading volume of 3,137,270 shares, compared to its average volume of 2,152,759. The stock has a 50 day simple moving average of $1.73 and a 200 day simple moving average of $2.28. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.02 and a current ratio of 1.91. 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 market capitalization of $148.98 million, a P/E ratio of -0.28 and a beta of 0.79.

The Hain Celestial Group (NASDAQ:HAIN - Get Free Report) last posted its quarterly earnings data on Monday, September 15th. The company reported ($0.02) EPS for the quarter, missing the consensus estimate 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 company had revenue of $363.35 million during the quarter, compared to the consensus estimate of $371.58 million. During the same period last year, the business earned $0.13 EPS. The firm's quarterly revenue was down 13.4% compared to the same quarter last year. As a group, analysts anticipate that The Hain Celestial Group, Inc. will post 0.4 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have recently commented on HAIN. Barclays decreased their price objective on The Hain Celestial Group from $2.00 to $1.50 and set an "equal weight" rating on the stock in a research note on Wednesday, September 17th. Stephens downgraded The Hain Celestial Group from an "overweight" rating to an "equal weight" rating and decreased their target price for the company from $3.00 to $2.00 in a research note on Wednesday, September 17th. Mizuho decreased their target price on The Hain Celestial Group from $2.50 to $1.50 and set a "neutral" rating on the stock in a research note on Tuesday, September 16th. Wall Street Zen downgraded The Hain Celestial Group from a "hold" rating to a "sell" rating in a research note on Saturday. Finally, Piper Sandler decreased their target price on The Hain Celestial Group from $2.00 to $1.80 and set a "neutral" rating on the stock in a research note on Tuesday, June 3rd. One investment analyst has rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $3.28.

Hedge Funds Weigh In On The Hain Celestial Group

Institutional investors have recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. grew its holdings in The Hain Celestial Group by 89.0% during the 1st quarter. Assenagon Asset Management S.A. now owns 567,234 shares of the company's stock valued at $2,354,000 after buying an additional 267,161 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in The Hain Celestial Group by 32.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,595,704 shares of the company's stock valued at $6,622,000 after buying an additional 391,034 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in The Hain Celestial Group by 45.6% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 23,592 shares of the company's stock valued at $98,000 after buying an additional 7,389 shares in the last quarter. Wellington Management Group LLP purchased a new position in The Hain Celestial Group during the 4th quarter valued at approximately $14,322,000. Finally, Jump Financial LLC purchased a new position in The Hain Celestial Group during the 1st quarter valued at approximately $814,000. 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.