Dawn M. Zier Acquires 200,000 Shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN) Stock

The Hain Celestial Group, Inc. (NASDAQ:HAIN) Director Dawn M. Zier purchased 200,000 shares of the stock in a transaction on Friday, May 9th. The shares were acquired at an average cost of $1.60 per share, with a total value of $320,000.00. Following the transaction, the director now directly owns 288,229 shares in the company, valued at $461,166.40. The trade was a 226.68% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website.

The Hain Celestial Group Stock Down 1.7%

HAIN opened at $1.74 on Wednesday. The firm’s 50 day simple moving average is $3.34 and its two-hundred day simple moving average is $5.21. The Hain Celestial Group, Inc. has a 1-year low of $1.30 and a 1-year high of $9.43. 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 company has a market capitalization of $157.04 million, a PE ratio of -0.90 and a beta of 1.05.

The Hain Celestial Group (NASDAQ:HAIN) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.05). The Hain Celestial Group had a positive return on equity of 2.88% and a negative net margin of 10.51%. The firm had revenue of $390.35 million during the quarter, compared to analysts’ expectations of $414.45 million. During the same period last year, the company earned $0.13 earnings per share. The business’s revenue for the quarter was down 10.9% on a year-over-year basis. As a group, equities analysts forecast that The Hain Celestial Group, Inc. will post 0.4 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on HAIN shares. Evercore ISI reduced their target price on The Hain Celestial Group from $6.00 to $5.00 and set an “in-line” rating on the stock in a research note on Wednesday, April 23rd. JPMorgan Chase & Co. dropped their price objective on shares of The Hain Celestial Group from $6.00 to $5.00 and set a “neutral” rating on the stock in a research note on Friday, March 14th. Piper Sandler cut their target price on The Hain Celestial Group from $8.00 to $7.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Maxim Group reduced their price target on shares of The Hain Celestial Group from $10.00 to $5.00 and set a “buy” rating for the company in a research report on Thursday, May 8th. Finally, Mizuho decreased their target price on The Hain Celestial Group from $7.00 to $4.50 and set a “neutral” rating for the company in a research report on Tuesday, February 11th. Nine research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $4.39.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Brooklyn Investment Group grew its position in shares of The Hain Celestial Group by 6,315.1% during the first quarter. Brooklyn Investment Group now owns 12,766 shares of the company’s stock valued at $53,000 after purchasing an additional 12,567 shares in the last quarter. Russell Investments Group Ltd. lifted its stake in shares of The Hain Celestial Group by 12.7% during the 1st quarter. Russell Investments Group Ltd. now owns 106,460 shares of the company’s stock worth $441,000 after acquiring an additional 11,972 shares during the last quarter. Nuveen LLC bought a new stake in shares of The Hain Celestial Group during the first quarter worth $960,000. Virtu Financial LLC lifted its holdings in The Hain Celestial Group by 428.9% during the 1st quarter. Virtu Financial LLC now owns 63,108 shares of the company’s stock valued at $262,000 after buying an additional 51,176 shares in the last quarter. Finally, Deutsche Bank AG raised its stake in shares of The Hain Celestial Group by 634.0% during the first quarter. Deutsche Bank AG now owns 616,908 shares of the company’s stock valued at $2,560,000 after acquiring an additional 532,864 shares in the last quarter. 97.01% of the stock is owned by hedge funds and other institutional investors.

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.