Insider Buying: The Hain Celestial Group, Inc. (NASDAQ:HAIN) Insider Acquires $12,928.00 in Stock

The Hain Celestial Group, Inc. (NASDAQ:HAIN) insider Chad D. Marquardt bought 3,200 shares of The Hain Celestial Group stock in a transaction dated Thursday, February 20th. The shares were bought at an average cost of $4.04 per share, for a total transaction of $12,928.00. Following the completion of the acquisition, the insider now owns 23,025 shares in the company, valued at $93,021. This represents a 16.14 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

The Hain Celestial Group Stock Up 3.5 %

Shares of NASDAQ HAIN opened at $4.18 on Monday. The company has a 50 day simple moving average of $5.30 and a 200 day simple moving average of $7.05. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.90 and a quick ratio of 1.00. The Hain Celestial Group, Inc. has a 1 year low of $3.28 and a 1 year high of $10.07. The firm has a market cap of $377.23 million, a PE ratio of -2.15 and a beta of 0.74.

The Hain Celestial Group (NASDAQ:HAIN) last released its quarterly earnings results on Monday, February 10th. The company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.04). The Hain Celestial Group had a negative net margin of 10.51% and a positive return on equity of 2.88%. On average, research analysts forecast that The Hain Celestial Group, Inc. will post 0.4 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on HAIN shares. Evercore ISI reduced their price objective on shares of The Hain Celestial Group from $9.00 to $6.00 and set an “in-line” rating on the stock in a research note on Wednesday, February 12th. Maxim Group decreased their price objective on shares of The Hain Celestial Group from $15.00 to $10.00 and set a “buy” rating on the stock in a research note on Tuesday, February 11th. Mizuho lowered their price objective on shares of The Hain Celestial Group from $7.00 to $4.50 and set a “neutral” rating for the company in a research report on Tuesday, February 11th. JPMorgan Chase & Co. reduced their target price on The Hain Celestial Group from $8.00 to $6.00 and set a “neutral” rating on the stock in a report on Monday, February 3rd. Finally, Stifel Nicolaus decreased their price target on shares of The Hain Celestial Group from $7.00 to $6.00 and set a “hold” rating on the stock in a report on Tuesday, February 11th. Seven equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $6.56.

Institutional Investors Weigh In On The Hain Celestial Group

A number of institutional investors have recently modified their holdings of HAIN. CWM LLC boosted its position in The Hain Celestial Group by 14.5% during the third quarter. CWM LLC now owns 10,098 shares of the company’s stock valued at $87,000 after acquiring an additional 1,276 shares during the last quarter. Creative Planning lifted its stake in shares of The Hain Celestial Group by 3.6% in the 3rd quarter. Creative Planning now owns 36,298 shares of the company’s stock valued at $313,000 after purchasing an additional 1,272 shares during the period. Assenagon Asset Management S.A. boosted its holdings in shares of The Hain Celestial Group by 2.1% during the 3rd quarter. Assenagon Asset Management S.A. now owns 637,563 shares of the company’s stock worth $5,502,000 after buying an additional 13,376 shares in the last quarter. Allworth Financial LP boosted its stake in The Hain Celestial Group by 433.5% during the third quarter. Allworth Financial LP now owns 2,982 shares of the company’s stock worth $26,000 after acquiring an additional 2,423 shares in the last quarter. Finally, Trajan Wealth LLC grew its stake in shares of The Hain Celestial Group by 38.3% in the 3rd quarter. Trajan Wealth LLC now owns 24,360 shares of the company’s stock valued at $210,000 after buying an additional 6,745 shares during the period. 97.01% of the stock is owned by institutional investors.

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.