Chad D. Marquardt Purchases 5,300 Shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN) Stock

The Hain Celestial Group, Inc. (NASDAQ:HAIN) insider Chad D. Marquardt acquired 5,300 shares of the stock in a transaction dated Wednesday, September 4th. The stock was acquired at an average cost of $8.32 per share, with a total value of $44,096.00. Following the transaction, the insider now owns 15,300 shares of the company’s stock, valued at $127,296. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

The Hain Celestial Group Stock Performance

NASDAQ HAIN opened at $8.47 on Friday. The firm has a market capitalization of $760.98 million, a P/E ratio of -8.30 and a beta of 0.77. The Hain Celestial Group, Inc. has a 1-year low of $5.68 and a 1-year high of $12.49. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.98 and a quick ratio of 1.07. The business’s 50-day simple moving average is $7.32 and its 200-day simple moving average is $7.45.

The Hain Celestial Group (NASDAQ:HAIN) last released its quarterly earnings data on Tuesday, August 27th. The company reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.05. The business had revenue of $419.00 million for the quarter, compared to analyst estimates of $417.99 million. The Hain Celestial Group had a positive return on equity of 3.10% and a negative net margin of 4.32%. The company’s revenue was down 6.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.11 EPS. Equities analysts predict that The Hain Celestial Group, Inc. will post 0.46 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Barclays raised their price target on The Hain Celestial Group from $7.00 to $9.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 29th. Stifel Nicolaus raised 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 report on Wednesday, August 28th. Mizuho dropped their price target on shares of The Hain Celestial Group from $10.00 to $8.00 and set a “neutral” rating for the company in a research report on Monday, May 13th. Finally, DA Davidson reaffirmed a “neutral” rating and set a $8.00 price target on shares of The Hain Celestial Group in a research note on Wednesday, August 28th. Seven research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, The Hain Celestial Group has an average rating of “Hold” and a consensus price target of $10.88.

Hedge Funds Weigh In On The Hain Celestial Group

Hedge funds and other institutional investors have recently modified their holdings of the company. GSA Capital Partners LLP acquired a new position in shares of The Hain Celestial Group in the 1st quarter valued at about $1,937,000. Norges Bank acquired a new position in The Hain Celestial Group during the 4th quarter worth approximately $7,199,000. Blair William & Co. IL lifted its position in The Hain Celestial Group by 418.3% during the 1st quarter. Blair William & Co. IL now owns 366,948 shares of the company’s stock worth $2,884,000 after acquiring an additional 296,150 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in The Hain Celestial Group by 14.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,863,497 shares of the company’s stock worth $20,405,000 after acquiring an additional 229,144 shares in the last quarter. Finally, Vanguard Group Inc. lifted its position in The Hain Celestial Group by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 10,942,729 shares of the company’s stock worth $86,010,000 after acquiring an additional 84,689 shares in the last quarter. 97.01% of the stock is owned by institutional investors and hedge funds.

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.