Hain Celestial Group Sees Unusually Large Options Volume (NASDAQ:HAIN)

Hain Celestial Group Inc (NASDAQ:HAIN) was the target of some unusual options trading on Monday. Investors purchased 1,079 put options on the stock. This represents an increase of 1,185% compared to the typical volume of 84 put options.

Shares of NASDAQ HAIN opened at $20.79 on Wednesday. The company has a current ratio of 2.16, a quick ratio of 1.22 and a debt-to-equity ratio of 0.47. The stock has a 50 day simple moving average of $21.81. The company has a market cap of $2.17 billion, a P/E ratio of 17.92, a P/E/G ratio of 15.68 and a beta of 1.36. Hain Celestial Group has a 12 month low of $14.45 and a 12 month high of $31.16.

Hain Celestial Group (NASDAQ:HAIN) last issued its quarterly earnings results on Thursday, May 9th. The company reported $0.21 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.21. The company had revenue of $599.80 million for the quarter, compared to the consensus estimate of $597.75 million. Hain Celestial Group had a positive return on equity of 4.51% and a negative net margin of 10.14%. The company’s revenue for the quarter was down 5.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.37 EPS. Sell-side analysts expect that Hain Celestial Group will post 0.66 earnings per share for the current year.

In other news, insider Engaged Capital Co-Invest Vi-D purchased 667,198 shares of Hain Celestial Group stock in a transaction dated Monday, May 13th. The stock was acquired at an average cost of $23.33 per share, for a total transaction of $15,565,729.34. Following the acquisition, the insider now directly owns 21,577 shares in the company, valued at $503,391.41. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Glenn W. Welling purchased 1,995,291 shares of Hain Celestial Group stock in a transaction dated Tuesday, May 21st. The shares were purchased at an average price of $23.73 per share, with a total value of $47,348,255.43. Following the completion of the acquisition, the director now owns 21,577 shares in the company, valued at $512,022.21. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 6,871,608 shares of company stock valued at $161,995,807. 13.50% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently modified their holdings of the business. Carroll Financial Associates Inc. increased its position in Hain Celestial Group by 640.0% in the 1st quarter. Carroll Financial Associates Inc. now owns 1,184 shares of the company’s stock worth $27,000 after buying an additional 1,024 shares during the period. Advisory Services Network LLC bought a new position in Hain Celestial Group in the 4th quarter worth approximately $44,000. Truvestments Capital LLC bought a new position in Hain Celestial Group in the 1st quarter worth approximately $74,000. NumerixS Investment Technologies Inc bought a new position in Hain Celestial Group in the 4th quarter worth approximately $54,000. Finally, Pearl River Capital LLC bought a new position in Hain Celestial Group in the 4th quarter worth approximately $84,000. 96.43% of the stock is currently owned by institutional investors.

HAIN has been the subject of several research reports. Jefferies Financial Group reiterated a “buy” rating and set a $35.00 price target on shares of Hain Celestial Group in a report on Thursday, February 28th. Citigroup lifted their price target on Hain Celestial Group from $21.00 to $25.50 and gave the company a “buy” rating in a report on Monday, April 15th. Maxim Group reiterated a “buy” rating and set a $28.00 price target (up from $25.00) on shares of Hain Celestial Group in a report on Friday, May 10th. Zacks Investment Research upgraded Hain Celestial Group from a “sell” rating to a “hold” rating in a report on Wednesday, April 10th. Finally, ValuEngine upgraded Hain Celestial Group from a “sell” rating to a “hold” rating in a report on Monday, March 11th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $23.75.

Hain Celestial Group Company Profile

The Hain Celestial Group, Inc manufactures, markets, distributes, and sells organic and natural products. The company operates in seven segments: the United States, United Kingdom, Tilda, Ella's Kitchen UK, Canada, Europe, and Cultivate. It offers infant formula; infant, toddler, and kids foods; diapers and wipes; rice and grain-based products; plant-based beverages and frozen desserts, such as soy, rice, oat, almond, and coconut; flour and baking mixes; breads, hot and cold cereals, pasta, condiments, cooking and culinary oils, granolas, and cereal bars; canned, chilled fresh, aseptic, and instant soups; yogurts; chilies; chocolates; and nut butters.

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