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 acquired 3,200 shares of the company’s stock in a transaction on Thursday, February 20th. The stock was acquired at an average cost of $4.04 per share, for a total transaction of $12,928.00. Following the completion of the purchase, the insider now directly owns 23,025 shares of the company’s stock, valued at approximately $93,021. This represents a 16.14 % increase in their position. The acquisition was disclosed in a legal filing 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 Monday. The firm has a market capitalization of $377.23 million, a P/E ratio of -2.15 and a beta of 0.74. The company has a current ratio of 1.90, a quick ratio of 1.00 and a debt-to-equity ratio of 0.90. The business’s fifty day simple moving average is $5.30 and its 200 day simple moving average is $7.05. The Hain Celestial Group, Inc. has a 12 month low of $3.28 and a 12 month 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 positive return on equity of 2.88% and a negative net margin of 10.51%. As a group, analysts anticipate that The Hain Celestial Group, Inc. will post 0.4 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on HAIN shares. JPMorgan Chase & Co. lowered their target price on shares of 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. Piper Sandler lowered their price objective on The Hain Celestial Group from $8.00 to $7.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Maxim Group cut their target price on The Hain Celestial Group from $15.00 to $10.00 and set a “buy” rating on the stock in a research report on Tuesday, February 11th. Mizuho decreased their price target on The Hain Celestial Group from $7.00 to $4.50 and set a “neutral” rating for the company in a report on Tuesday, February 11th. Finally, Stifel Nicolaus dropped their price objective on The Hain Celestial Group from $7.00 to $6.00 and set a “hold” rating on the stock in a research note on Tuesday, February 11th. Seven investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, The Hain Celestial Group has a consensus rating of “Hold” and a consensus target price of $6.56.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Wealthfront Advisers LLC purchased a new stake in The Hain Celestial Group during the fourth quarter valued at about $370,371,000. Invesco Ltd. boosted its holdings in The Hain Celestial Group by 272.4% in 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 period. Wellington Management Group LLP purchased a new position in The Hain Celestial Group in the 4th quarter valued at approximately $14,322,000. Frontier Capital Management Co. LLC grew its stake in The Hain Celestial Group by 512.0% in the 4th quarter. Frontier Capital Management Co. LLC now owns 2,520,722 shares of the company’s stock valued at $15,502,000 after buying an additional 2,108,845 shares in the last quarter. Finally, Raiffeisen Bank International AG bought a new stake in The Hain Celestial Group during the 4th quarter valued at $12,619,000. 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.