The Hain Celestial Group, Inc. (NASDAQ:HAIN) Insider Steven R. Golliher Acquires 30,000 Shares

The Hain Celestial Group, Inc. (NASDAQ:HAIN) insider Steven R. Golliher bought 30,000 shares of The Hain Celestial Group stock in a transaction on Friday, September 15th. The shares were bought at an average cost of $10.16 per share, with a total value of $304,800.00. Following the acquisition, the insider now directly owns 36,274 shares in the company, valued at $368,543.84. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

The Hain Celestial Group Trading Up 0.9 %

Shares of NASDAQ:HAIN traded up $0.09 on Tuesday, hitting $9.72. The company had a trading volume of 1,284,024 shares, compared to its average volume of 943,695. The firm’s 50-day simple moving average is $11.65 and its two-hundred day simple moving average is $13.86. The firm has a market capitalization of $869.65 million, a price-to-earnings ratio of -7.52 and a beta of 0.94. The company has a quick ratio of 1.22, a current ratio of 2.56 and a debt-to-equity ratio of 0.81. The Hain Celestial Group, Inc. has a 1 year low of $9.36 and a 1 year high of $22.14.

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

Analyst Ratings Changes

A number of equities research analysts recently issued reports on HAIN shares. Mizuho lowered their price objective on The Hain Celestial Group from $12.00 to $11.00 and set a “neutral” rating on the stock in a research report on Monday. Barclays cut their price target on shares of The Hain Celestial Group from $14.00 to $12.00 and set an “equal weight” rating for the company in a research note on Friday. Piper Sandler cut their target price on shares of The Hain Celestial Group from $16.00 to $13.00 in a research report on Thursday, June 22nd. StockNews.com raised The Hain Celestial Group from a “sell” rating to a “hold” rating in a research note on Thursday, August 31st. Finally, Stephens initiated coverage on The Hain Celestial Group in a research report on Thursday, June 22nd. They issued an “overweight” rating and a $17.00 target price for the company. Seven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $17.27.

Institutional Investors Weigh In On The Hain Celestial Group

Hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its stake in shares of The Hain Celestial Group by 15.4% in the third quarter. Vanguard Group Inc. now owns 10,081,205 shares of the company’s stock worth $170,172,000 after buying an additional 1,342,432 shares in the last quarter. Alliancebernstein L.P. boosted its stake in The Hain Celestial Group by 17.2% during the 4th quarter. Alliancebernstein L.P. now owns 7,152,677 shares of the company’s stock valued at $115,730,000 after purchasing an additional 1,051,217 shares during the last quarter. Black Creek Investment Management Inc. increased its holdings in shares of 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 worth $91,293,000 after purchasing an additional 232,596 shares in the last quarter. State Street Corp raised its stake in shares of The Hain Celestial Group by 1.2% in the first quarter. State Street Corp now owns 3,399,117 shares of the company’s stock worth $58,295,000 after purchasing an additional 38,991 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its stake in shares of The Hain Celestial Group by 20.0% in the second quarter. The Manufacturers Life Insurance Company now owns 3,354,057 shares of the company’s stock worth $41,959,000 after purchasing an additional 558,264 shares during the last quarter. 89.11% of the stock is owned by 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.