The Hain Celestial Group, Inc. (NASDAQ:HAIN) Insider Chad D. Marquardt Purchases 3,200 Shares

The Hain Celestial Group, Inc. (NASDAQ:HAIN) insider Chad D. Marquardt bought 3,200 shares of the stock in a transaction on Thursday, February 20th. The shares were purchased at an average price of $4.04 per share, with a total value of $12,928.00. Following the acquisition, the insider now owns 23,025 shares in the company, valued at approximately $93,021. This represents a 16.14 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

The Hain Celestial Group Stock Up 3.5 %

Shares of NASDAQ:HAIN opened at $4.18 on Friday. The Hain Celestial Group, Inc. has a 52-week low of $3.28 and a 52-week high of $10.07. The company has a 50-day simple moving average of $5.30 and a 200 day simple moving average of $7.06. 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 Hain Celestial Group (NASDAQ:HAIN) last issued its earnings results on Monday, February 10th. The company reported $0.08 earnings per share (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%. Research analysts forecast that The Hain Celestial Group, Inc. will post 0.4 earnings per share for the current fiscal year.

Institutional Investors Weigh In On The Hain Celestial Group

Several hedge funds have recently bought and sold shares of the stock. Wealthfront Advisers LLC acquired a new stake in The Hain Celestial Group during the fourth quarter worth approximately $370,371,000. Barrow Hanley Mewhinney & Strauss LLC increased its holdings in shares of The Hain Celestial Group by 9.8% during the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 6,223,817 shares of the company’s stock worth $38,276,000 after purchasing an additional 555,195 shares during the period. Invesco Ltd. increased its holdings in shares of The Hain Celestial Group by 272.4% during the fourth quarter. Invesco Ltd. now owns 5,870,075 shares of the company’s stock worth $36,101,000 after purchasing an additional 4,293,945 shares during the period. State Street Corp increased its holdings in shares of The Hain Celestial Group by 0.4% during the third quarter. State Street Corp now owns 3,464,855 shares of the company’s stock worth $29,902,000 after purchasing an additional 15,494 shares during the period. Finally, Frontier Capital Management Co. LLC increased its holdings in shares of The Hain Celestial Group by 512.0% during the fourth quarter. Frontier Capital Management Co. LLC now owns 2,520,722 shares of the company’s stock worth $15,502,000 after purchasing an additional 2,108,845 shares during the period. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on HAIN. Maxim Group lowered their target price on The Hain Celestial Group from $15.00 to $10.00 and set a “buy” rating for the company in a report on Tuesday, February 11th. Barclays lowered their target price on The Hain Celestial Group from $6.00 to $5.00 and set an “equal weight” rating for the company in a report on Tuesday, February 11th. Mizuho lowered their target price 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. JPMorgan Chase & Co. reduced their price objective on shares of The Hain Celestial Group from $8.00 to $6.00 and set a “neutral” rating for the company in a research note on Monday, February 3rd. Finally, Piper Sandler reduced their price objective on shares of 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. Seven equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price 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.