Chad D. Marquardt Acquires 2,500 Shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN) Stock

The Hain Celestial Group, Inc. (NASDAQ:HAIN) insider Chad D. Marquardt acquired 2,500 shares of The Hain Celestial Group stock in a transaction that occurred on Monday, November 11th. The stock was purchased at an average cost of $7.46 per share, for a total transaction of $18,650.00. Following the completion of the transaction, the insider now directly owns 19,825 shares in the company, valued at $147,894.50. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

The Hain Celestial Group Stock Down 7.9 %

NASDAQ HAIN opened at $6.68 on Wednesday. The company has a current ratio of 2.01, a quick ratio of 1.05 and a debt-to-equity ratio of 0.76. The firm’s 50 day moving average price is $8.36 and its 200-day moving average price is $7.59. The Hain Celestial Group, Inc. has a 52-week low of $5.68 and a 52-week high of $11.97.

The Hain Celestial Group (NASDAQ:HAIN) last released its quarterly earnings data on Thursday, November 7th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.02). The business had revenue of $394.60 million for the quarter, compared to the consensus estimate of $394.24 million. The Hain Celestial Group had a negative net margin of 4.94% and a positive return on equity of 3.13%. The Hain Celestial Group’s revenue for the quarter was down 7.2% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.04) earnings per share. On average, equities analysts forecast that The Hain Celestial Group, Inc. will post 0.46 EPS for the current year.

Analysts Set New Price Targets

HAIN has been the topic of a number of recent analyst reports. Piper Sandler reissued a “neutral” rating and issued a $8.00 price objective on shares of The Hain Celestial Group in a research report on Thursday, September 19th. Stifel Nicolaus upped their target price on shares of The Hain Celestial Group from $8.00 to $9.00 and gave the stock a “hold” rating in a research note on Wednesday, August 28th. Barclays dropped their target price on shares of The Hain Celestial Group from $9.00 to $8.00 and set an “equal weight” rating on the stock in a research note on Monday. Finally, DA Davidson dropped their target price on shares of The Hain Celestial Group from $9.00 to $8.00 and set a “neutral” rating on the stock in a research note on Tuesday. Six research 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 presently has a consensus rating of “Hold” and a consensus target price of $9.43.

Institutional Investors Weigh In On The Hain Celestial Group

Institutional investors have recently bought and sold shares of the company. Blair William & Co. IL boosted its stake in The Hain Celestial Group by 418.3% in the first quarter. Blair William & Co. IL now owns 366,948 shares of the company’s stock valued at $2,884,000 after acquiring an additional 296,150 shares in the last quarter. Deerfield Management Company L.P. Series C raised its holdings in shares of The Hain Celestial Group by 391.6% in the second quarter. Deerfield Management Company L.P. Series C now owns 124,589 shares of the company’s stock worth $861,000 after buying an additional 99,246 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of The Hain Celestial Group by 0.8% in the first quarter. Vanguard Group Inc. now owns 10,942,729 shares of the company’s stock worth $86,010,000 after buying an additional 84,689 shares during the last quarter. First Eagle Investment Management LLC raised its holdings in shares of The Hain Celestial Group by 12.1% in the second quarter. First Eagle Investment Management LLC now owns 730,854 shares of the company’s stock worth $5,050,000 after buying an additional 79,000 shares during the last quarter. Finally, Cornercap Investment Counsel Inc. purchased a new position in shares of The Hain Celestial Group in the second quarter worth $479,000. 97.01% of the stock is currently owned by institutional investors and hedge funds.

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.