Carlyn Taylor Sells 53,957 Shares of The Hain Celestial Group (NASDAQ:HAIN) Stock

The Hain Celestial Group, Inc. (NASDAQ:HAIN) Director Carlyn Taylor sold 53,957 shares of The Hain Celestial Group stock in a transaction on Thursday, December 18th. The shares were sold at an average price of $1.17, for a total value of $63,129.69. Following the sale, the director directly owned 264,203 shares of the company’s stock, valued at approximately $309,117.51. This trade represents a 16.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

The Hain Celestial Group Price Performance

HAIN opened at $1.15 on Friday. The company has a current ratio of 1.89, a quick ratio of 1.06 and a debt-to-equity ratio of 1.59. The business’s fifty day simple moving average is $1.21 and its 200-day simple moving average is $1.52. The company has a market capitalization of $104.16 million, a price-to-earnings ratio of -0.19 and a beta of 0.61. The Hain Celestial Group, Inc. has a 12-month low of $1.00 and a 12-month high of $7.19.

The Hain Celestial Group (NASDAQ:HAIN) last released its quarterly earnings data on Friday, November 7th. The company reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.04). The business had revenue of $367.88 million during the quarter, compared to analysts’ expectations 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%. On average, equities research analysts anticipate that The Hain Celestial Group, Inc. will post 0.4 earnings per share for the current fiscal year.

Institutional Trading of The Hain Celestial Group

Several large investors have recently bought and sold shares of the stock. Millennium Management LLC grew its holdings in shares of The Hain Celestial Group by 295.4% in the first quarter. Millennium Management LLC now owns 4,731,690 shares of the company’s stock valued at $19,637,000 after purchasing an additional 3,535,073 shares during the period. Nantahala Capital Management LLC purchased a new position in The Hain Celestial Group in the second quarter worth approximately $4,560,000. Russell Investments Group Ltd. increased its stake in The Hain Celestial Group by 7,269.0% during the third quarter. Russell Investments Group Ltd. now owns 1,087,961 shares of the company’s stock worth $1,719,000 after acquiring an additional 1,073,197 shares during the last quarter. AQR Capital Management LLC raised its position in The Hain Celestial Group by 151.1% in the first quarter. AQR Capital Management LLC now owns 1,066,048 shares of the company’s stock valued at $4,424,000 after purchasing an additional 641,567 shares during the period. Finally, Vanguard Group Inc. raised its position in The Hain Celestial Group by 8.0% in the third quarter. Vanguard Group Inc. now owns 7,029,733 shares of the company’s stock valued at $11,107,000 after purchasing an additional 517,777 shares during the period. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Analyst Upgrades and Downgrades

HAIN has been the topic of a number of recent research reports. Stephens downgraded shares of The Hain Celestial Group from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $3.00 to $2.00 in a research note on Wednesday, September 17th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of The Hain Celestial Group in a research report on Tuesday, October 14th. Wall Street Zen raised The Hain Celestial Group from a “sell” rating to a “hold” rating in a research report on Sunday, November 16th. Barclays decreased their price objective on The Hain Celestial Group from $2.00 to $1.50 and set an “equal weight” rating for the company in a research note on Wednesday, September 17th. Finally, Mizuho cut their target price on The Hain Celestial Group from $2.50 to $1.50 and set a “neutral” rating on the stock in a research note on Tuesday, September 16th. One analyst has rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $2.76.

The Hain Celestial Group Company Profile

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.