Wendy P. Davidson Buys 10,000 Shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN) Stock

The Hain Celestial Group, Inc. (NASDAQ:HAIN) CEO Wendy P. Davidson acquired 10,000 shares of The Hain Celestial Group stock in a transaction that occurred on Friday, September 15th. The stock was bought at an average price of $10.00 per share, for a total transaction of $100,000.00. Following the completion of the acquisition, the chief executive officer now owns 16,636 shares in the company, valued at approximately $166,360. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

The Hain Celestial Group Stock Performance

Shares of NASDAQ HAIN traded up $0.09 during trading hours on Tuesday, reaching $9.72. The stock had a trading volume of 1,287,822 shares, compared to its average volume of 943,716. The firm has a 50-day moving average of $11.65 and a 200-day moving average of $13.86. The Hain Celestial Group, Inc. has a fifty-two week low of $9.36 and a fifty-two week high of $22.14. The firm has a market cap of $869.65 million, a price-to-earnings ratio of -7.52 and a beta of 0.94. The company has a current ratio of 2.56, a quick ratio of 1.22 and a debt-to-equity ratio of 0.81.

The Hain Celestial Group (NASDAQ:HAIN) last announced its earnings results on Thursday, August 24th. The company reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.01. The Hain Celestial Group had a negative net margin of 6.49% and a positive return on equity of 4.30%. The business had revenue of $447.80 million during the quarter, compared to analysts’ expectations of $435.61 million. During the same period in the prior year, the company earned $0.08 earnings per share. The business’s revenue was down 2.0% compared to the same quarter last year. Equities research analysts predict that The Hain Celestial Group, Inc. will post 0.45 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on HAIN shares. StockNews.com upgraded shares of The Hain Celestial Group from a “sell” rating to a “hold” rating in a report on Thursday, August 31st. Stifel Nicolaus decreased their price target on The Hain Celestial Group from $13.00 to $11.00 and set a “hold” rating on the stock in a research note on Thursday, September 14th. Maxim Group reaffirmed a “buy” rating and issued a $30.00 price objective on shares of The Hain Celestial Group in a research note on Thursday, September 14th. Barclays cut their price objective on The Hain Celestial Group from $14.00 to $12.00 and set an “equal weight” rating on the stock in a report on Friday. Finally, JPMorgan Chase & Co. lowered their target price on The Hain Celestial Group from $14.00 to $11.00 and set a “neutral” rating for the company in a report on Monday, August 28th. Seven analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, The Hain Celestial Group has an average rating of “Hold” and a consensus price target of $17.27.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of HAIN. Davis Investment Partners LLC purchased a new stake in shares of The Hain Celestial Group in the fourth quarter valued at approximately $653,000. Swiss National Bank increased its stake in shares of The Hain Celestial Group by 1.3% during the 4th quarter. Swiss National Bank now owns 215,614 shares of the company’s stock worth $3,489,000 after purchasing an additional 2,700 shares in the last quarter. Compass Wealth Management LLC acquired a new position in shares of The Hain Celestial Group during the 4th quarter worth approximately $1,906,000. Black Creek Investment Management Inc. lifted its stake in The Hain Celestial Group by 4.6% in the 1st quarter. Black Creek Investment Management Inc. now owns 5,323,234 shares of the company’s stock valued at $91,293,000 after buying an additional 232,596 shares in the last quarter. Finally, PGGM Investments grew its holdings in The Hain Celestial Group by 29.2% during the 4th quarter. PGGM Investments now owns 2,663,423 shares of the company’s stock valued at $43,094,000 after buying an additional 601,950 shares during the last quarter. Institutional investors and hedge funds own 89.11% 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.