Chad D. Marquardt Acquires 3,200 Shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN) Stock

The Hain Celestial Group, Inc. (NASDAQ:HAIN) insider Chad D. Marquardt bought 3,200 shares of the company’s stock in a transaction on Thursday, February 20th. The shares were acquired at an average price 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

The Hain Celestial Group Stock Performance

Shares of The Hain Celestial Group stock opened at $4.18 on Friday. The firm has a market capitalization of $377.25 million, a P/E ratio of -2.15 and a beta of 0.74. The company has a quick ratio of 1.00, a current ratio of 1.90 and a debt-to-equity ratio of 0.90. The company has a 50 day moving average price of $5.30 and a 200 day moving average price of $7.05. The Hain Celestial Group, Inc. has a 52 week low of $3.28 and a 52 week high of $10.07.

The Hain Celestial Group (NASDAQ:HAIN) last announced its quarterly earnings data on Monday, February 10th. The company reported $0.08 EPS for the quarter, missing the consensus estimate 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%. Sell-side analysts expect that The Hain Celestial Group, Inc. will post 0.4 EPS for the current year.

Hedge Funds Weigh In On The Hain Celestial Group

A number of institutional investors have recently bought and sold shares of HAIN. Wealthfront Advisers LLC purchased a new position in The Hain Celestial Group during the 4th quarter worth approximately $370,371,000. Invesco Ltd. raised its position in The Hain Celestial Group by 272.4% during the 4th quarter. Invesco Ltd. now owns 5,870,075 shares of the company’s stock worth $36,101,000 after buying an additional 4,293,945 shares during the last quarter. Wellington Management Group LLP purchased a new position in The Hain Celestial Group during the 4th quarter worth approximately $14,322,000. Frontier Capital Management Co. LLC raised its position in The Hain Celestial Group by 512.0% during the 4th quarter. Frontier Capital Management Co. LLC now owns 2,520,722 shares of the company’s stock worth $15,502,000 after buying an additional 2,108,845 shares during the last quarter. Finally, Raiffeisen Bank International AG purchased a new position in The Hain Celestial Group during the 4th quarter worth approximately $12,619,000. 97.01% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

HAIN has been the topic of several recent research reports. Stifel Nicolaus dropped their target price 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. Mizuho dropped their target price on shares of The Hain Celestial Group from $7.00 to $4.50 and set a “neutral” rating on the stock in a report on Tuesday, February 11th. Evercore ISI dropped their target price on shares of The Hain Celestial Group from $9.00 to $6.00 and set an “in-line” rating on the stock in a report on Wednesday, February 12th. Piper Sandler lowered their price target on shares of The Hain Celestial Group from $8.00 to $7.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. Finally, DA Davidson lowered their price target on shares of The Hain Celestial Group from $9.00 to $8.00 and set a “neutral” rating on the stock in a report on Tuesday, November 12th. Seven equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $6.56.

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.