The Hain Celestial Group, Inc. (NASDAQ:HAIN) Director Glenn W. Welling Sells 209,238 Shares

The Hain Celestial Group, Inc. (NASDAQ:HAINGet Rating) Director Glenn W. Welling sold 209,238 shares of The Hain Celestial Group stock in a transaction dated Monday, May 16th. The shares were sold at an average price of $26.80, for a total transaction of $5,607,578.40. Following the transaction, the director now directly owns 73,529 shares of the company’s stock, valued at $1,970,577.20. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Shares of HAIN traded down $1.98 during mid-day trading on Wednesday, hitting $25.12. 1,351,733 shares of the company traded hands, compared to its average volume of 950,893. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.94 and a current ratio of 1.98. The stock has a 50-day moving average price of $32.58 and a two-hundred day moving average price of $37.09. The Hain Celestial Group, Inc. has a 1 year low of $24.75 and a 1 year high of $48.88. The stock has a market cap of $2.26 billion, a price-to-earnings ratio of 21.05 and a beta of 0.70.

The Hain Celestial Group (NASDAQ:HAINGet Rating) last announced its earnings results on Thursday, May 5th. The company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.13). The business had revenue of $502.94 million for the quarter, compared to the consensus estimate of $524.57 million. The Hain Celestial Group had a net margin of 6.12% and a return on equity of 9.66%. The business’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.44 earnings per share. On average, analysts forecast that The Hain Celestial Group, Inc. will post 1.35 EPS for the current year.

A number of research analysts recently issued reports on the stock. StockNews.com began coverage on shares of The Hain Celestial Group in a research report on Thursday, March 31st. They set a “hold” rating for the company. Cfra decreased their target price on shares of The Hain Celestial Group from $55.00 to $53.00 and set a “buy” rating for the company in a report on Friday, February 4th. Consumer Edge raised shares of The Hain Celestial Group from an “equal weight” rating to an “overweight” rating in a report on Tuesday, February 8th. TheStreet raised shares of The Hain Celestial Group from a “c+” rating to a “b” rating in a report on Thursday, April 28th. Finally, Mizuho decreased their price objective on shares of The Hain Celestial Group from $44.00 to $31.00 in a report on Monday, May 9th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $46.83.

A number of hedge funds and other institutional investors have recently made changes to their positions in HAIN. Victory Capital Management Inc. grew its position in The Hain Celestial Group by 304.3% during the fourth quarter. Victory Capital Management Inc. now owns 1,986,914 shares of the company’s stock valued at $84,662,000 after buying an additional 1,495,500 shares during the period. Bank of America Corp DE grew its position in The Hain Celestial Group by 496.2% during the fourth quarter. Bank of America Corp DE now owns 1,455,893 shares of the company’s stock valued at $62,037,000 after buying an additional 1,211,691 shares during the period. Norges Bank bought a new stake in The Hain Celestial Group during the fourth quarter valued at approximately $46,607,000. BlackRock Inc. grew its position in The Hain Celestial Group by 12.4% during the fourth quarter. BlackRock Inc. now owns 8,122,985 shares of the company’s stock valued at $346,121,000 after buying an additional 897,216 shares during the period. Finally, J. Goldman & Co LP bought a new stake in The Hain Celestial Group during the first quarter valued at approximately $24,514,000. Institutional investors own 94.98% of the company’s stock.

The Hain Celestial Group Company Profile (Get Rating)

The Hain Celestial Group, Inc manufactures, markets, and sells organic and natural products in United States, United Kingdom, 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, almond, and coconut; and condiments.

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