Key Points
- Carlyn Taylor, a Hain Celestial director, sold 53,957 shares on Dec. 18 at an average price of $1.17 for roughly $63,130, reducing her holding by 16.96% to 264,203 shares per an SEC filing.
- Hain reported Q earnings of ($0.08) EPS (missing estimates) while revenue of $367.9M beat expectations; the stock trades near its 52‑week low with a market cap of about $107M and a consensus Hold rating with a $2.76 average price target.
The Hain Celestial Group, Inc. (NASDAQ:HAIN - Get Free Report) Director Carlyn Taylor sold 53,957 shares of the business's stock in a transaction that occurred on Thursday, December 18th. The stock was sold at an average price of $1.17, for a total transaction of $63,129.69. Following the sale, the director directly owned 264,203 shares in the company, valued at $309,117.51. The trade was a 16.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
The Hain Celestial Group Trading Up 2.6%
Shares of NASDAQ HAIN opened at $1.18 on Friday. The firm has a 50 day moving average price of $1.21 and a two-hundred day moving average price of $1.51. The stock has a market cap of $106.87 million, a P/E ratio of -0.20 and a beta of 0.61. The Hain Celestial Group, Inc. has a 52-week low of $1.00 and a 52-week high of $6.71. The company has a debt-to-equity ratio of 1.59, a quick ratio of 1.06 and a current ratio of 1.89.
The Hain Celestial Group (NASDAQ:HAIN - Get Free Report) last issued its quarterly earnings results on Friday, November 7th. The company reported ($0.08) EPS for the quarter, missing analysts' consensus estimates of ($0.04) by ($0.04). The business had revenue of $367.88 million for the quarter, compared to analyst estimates of $361.09 million. The Hain Celestial Group had a positive return on equity of 0.77% and a negative net margin of 34.69%. As a group, equities analysts forecast that The Hain Celestial Group, Inc. will post 0.4 EPS for the current year.
Hedge Funds Weigh In On The Hain Celestial Group
A number of institutional investors and hedge funds have recently modified their holdings of the business. Coldstream Capital Management Inc. acquired a new stake in shares of The Hain Celestial Group during the 3rd quarter worth approximately $29,000. Thrivent Financial for Lutherans lifted its position in shares of The Hain Celestial Group by 104.8% during the 2nd quarter. Thrivent Financial for Lutherans now owns 21,500 shares of the company's stock valued at $32,000 after acquiring an additional 11,000 shares during the period. Rathbones Group PLC bought a new position in The Hain Celestial Group during the second quarter worth $39,000. Voleon Capital Management LP acquired a new stake in The Hain Celestial Group in the third quarter worth $43,000. Finally, Cim Investment Management Inc. increased its stake in The Hain Celestial Group by 100.7% in the second quarter. Cim Investment Management Inc. now owns 28,793 shares of the company's stock valued at $44,000 after purchasing an additional 14,450 shares in the last quarter. 97.01% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
Several equities research analysts have recently weighed in on HAIN shares. Wall Street Zen raised The Hain Celestial Group from a "sell" rating to a "hold" rating in a research note on Sunday, November 16th. Zacks Research upgraded The Hain Celestial Group from a "strong sell" rating to a "hold" rating in a report on Tuesday, December 2nd. Stephens lowered shares of The Hain Celestial Group from an "overweight" rating to an "equal weight" rating and lowered their price target for the stock from $3.00 to $2.00 in a report on Wednesday, September 17th. Barclays dropped their price target on shares of The Hain Celestial Group from $2.00 to $1.50 and set an "equal weight" rating on the stock in a research report on Wednesday, September 17th. Finally, Weiss Ratings reiterated a "sell (e+)" rating on shares of The Hain Celestial Group in a research report on Tuesday, October 14th. One analyst has rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $2.76.
Check Out Our Latest Stock Report on The Hain Celestial Group
The Hain Celestial Group Company Profile
(
Get Free Report)
The Hain Celestial Group, Inc (NASDAQ: HAIN) is a leading global producer and marketer of natural and organic branded products. The company operates through two principal segments—Grocery and Personal Care—offering a diversified portfolio that spans shelf-stable foods, snacks, beverages, condiments and natural personal care items. Its product lineup addresses growing consumer demand for clean-label, plant-based and ethically sourced offerings in everyday categories.
Within its Grocery segment, Hain Celestial markets well-known brands such as Celestial Seasonings teas, Earth's Best organic baby foods, Rudi's organic bakery items, Terra vegetable chips and Sensible Portions snacks.
Further Reading
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