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Michael B. Sims, a director at Hain Celestial Group Inc. (NASDAQ:HAIN), recently purchased a significant amount of the company’s stock amid a 77% decline in share price over the past year. According to a filing with the Securities and Exchange Commission, Sims acquired 232,500 shares of Hain Celestial’s common stock on May 9, 2025. The shares were bought at a weighted average price of $1.6055, with the transaction totaling approximately $373,278.
The purchase was executed in multiple trades, with prices ranging from $1.555 to $1.65, as disclosed in the filing. Following this transaction, Sims holds a direct ownership of 300,755 shares in the company.
In other recent news, Hain Celestial Group reported disappointing third-quarter results, with earnings per share (EPS) of $0.07 falling short of the anticipated $0.1338 and revenue declining to $390.35 million, missing the forecasted $416.21 million. This performance reflects ongoing challenges, particularly in the North American market, where sales dropped by 10%, while international sales showed slight growth. The company is undergoing a strategic review and management transition, with Allison Lewis (JO:LEWJ) stepping in as interim CEO following Wendy Davidson’s departure. Analysts from Jefferies and Bernstein have expressed concerns, with Jefferies maintaining a Hold rating but lowering the price target to $1.99, and Bernstein downgrading the stock from Outperform to Market Perform, slashing the price target from $8.00 to $1.50. These developments come amid a strategic portfolio review and revised credit agreements, indicating potential operational instability. The snacks segment, in particular, is experiencing significant declines, contributing to the company’s overall underperformance. As Hain Celestial navigates these challenges, analysts and investors are closely monitoring the company’s efforts to stabilize and grow in the near future.
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