Insider Buying: The Hain Celestial Group, Inc. (HAIN) SVP Purchases $121,030.00 in Stock

The Hain Celestial Group, Inc. (NASDAQ:HAIN) SVP Michael B. Mcguinness bought 3,500 shares of the company’s stock in a transaction that occurred on Thursday, November 9th. The shares were bought at an average cost of $34.58 per share, for a total transaction of $121,030.00. Following the completion of the acquisition, the senior vice president now owns 55,131 shares of the company’s stock, valued at $1,906,429.98. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

The Hain Celestial Group, Inc. (NASDAQ HAIN) opened at $35.68 on Friday. The firm has a market capitalization of $3,703.30, a P/E ratio of 27.24, a PEG ratio of 1.64 and a beta of 1.21. The Hain Celestial Group, Inc. has a 1 year low of $31.01 and a 1 year high of $45.61. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.50 and a quick ratio of 1.31.

The Hain Celestial Group (NASDAQ:HAIN) last released its earnings results on Tuesday, November 7th. The company reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.01). The firm had revenue of $708.30 million during the quarter, compared to analysts’ expectations of $697.39 million. The Hain Celestial Group had a net margin of 2.73% and a return on equity of 8.03%. The business’s revenue was up 3.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.14 EPS. sell-side analysts expect that The Hain Celestial Group, Inc. will post 1.67 EPS for the current year.

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A number of institutional investors have recently made changes to their positions in the stock. Schroder Investment Management Group lifted its position in The Hain Celestial Group by 15.5% during the third quarter. Schroder Investment Management Group now owns 1,622,139 shares of the company’s stock worth $66,037,000 after buying an additional 217,434 shares in the last quarter. Legal & General Group Plc lifted its position in The Hain Celestial Group by 11.7% during the third quarter. Legal & General Group Plc now owns 121,043 shares of the company’s stock worth $4,982,000 after buying an additional 12,680 shares in the last quarter. Amundi Pioneer Asset Management Inc. lifted its position in The Hain Celestial Group by 24.8% during the third quarter. Amundi Pioneer Asset Management Inc. now owns 390,594 shares of the company’s stock worth $16,073,000 after buying an additional 77,612 shares in the last quarter. Hosking Partners LLP purchased a new position in The Hain Celestial Group during the third quarter worth approximately $5,413,000. Finally, Eagle Asset Management Inc. purchased a new position in The Hain Celestial Group during the third quarter worth approximately $32,091,000. Hedge funds and other institutional investors own 90.70% of the company’s stock.

Several analysts recently commented on HAIN shares. Sanford C. Bernstein started coverage on The Hain Celestial Group in a report on Friday, October 6th. They set a “market perform” rating and a $45.00 target price on the stock. TheStreet lowered The Hain Celestial Group from a “b-” rating to a “c” rating in a report on Tuesday, November 7th. Zacks Investment Research raised The Hain Celestial Group from a “hold” rating to a “buy” rating and set a $46.00 target price on the stock in a report on Tuesday, October 10th. Royal Bank Of Canada reaffirmed a “hold” rating on shares of The Hain Celestial Group in a report on Thursday. Finally, UBS AG reaffirmed a “sell” rating and set a $33.00 target price (up from $31.00) on shares of The Hain Celestial Group in a report on Thursday, August 31st. One investment analyst has rated the stock with a sell rating, sixteen have given a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $41.29.

About The Hain Celestial Group

The Hain Celestial Group, Inc is an organic and natural products company. The Company and its subsidiaries manufacture, market, distribute and sell organic and natural products under brand names which are sold as better-for-you products. The Company’s segments include United States, United Kingdom, Hain Pure Protein and Rest of World.

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