The Hain Celestial Group Target of Unusually Large Options Trading (HAIN)

The Hain Celestial Group, Inc. (NASDAQ:HAIN) saw unusually large options trading activity on Wednesday. Stock investors purchased 12,914 put options on the stock. This represents an increase of approximately Infinity compared to the average daily volume of 0 put options.

Several brokerages have recently issued reports on HAIN. BidaskClub lowered shares of The Hain Celestial Group from a “buy” rating to a “hold” rating in a research note on Wednesday, August 9th. Zacks Investment Research lowered shares of The Hain Celestial Group from a “buy” rating to a “hold” rating in a research note on Thursday. Loop Capital reduced their price objective on shares of The Hain Celestial Group to $38.00 and set a “hold” rating for the company in a research note on Friday. Susquehanna Bancshares Inc lowered shares of The Hain Celestial Group from a “positive” rating to a “neutral” rating in a research note on Tuesday, August 22nd. Finally, Wells Fargo & Company reiterated a “market perform” rating and issued a $42.00 price objective on shares of The Hain Celestial Group in a research note on Saturday, September 30th. One analyst has rated the stock with a sell rating, sixteen have given a hold rating and four have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $41.66.

The Hain Celestial Group (NASDAQ HAIN) opened at $35.68 on Friday. The company has a quick ratio of 1.31, a current ratio of 2.50 and a debt-to-equity ratio of 0.42. The Hain Celestial Group has a fifty-two week low of $31.01 and a fifty-two week high of $45.61. The company has a market cap of $3,624.41, a price-to-earnings ratio of 26.66, a price-to-earnings-growth ratio of 1.60 and a beta of 1.21.

The Hain Celestial Group (NASDAQ:HAIN) last posted its quarterly earnings data on Tuesday, November 7th. The company reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.01). The Hain Celestial Group had a return on equity of 8.03% and a net margin of 2.73%. The company had revenue of $708.30 million for the quarter, compared to the consensus estimate of $697.39 million. During the same period in the prior year, the firm posted $0.14 earnings per share. The business’s revenue was up 3.9% on a year-over-year basis. equities research analysts anticipate that The Hain Celestial Group will post 1.68 earnings per share for the current year.

In related news, CFO James M. Langrock purchased 5,000 shares of the firm’s stock in a transaction dated Thursday, November 9th. The stock was bought at an average price of $34.40 per share, for a total transaction of $172,000.00. Following the purchase, the chief financial officer now directly owns 59,233 shares in the company, valued at approximately $2,037,615.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Irwin D. Simon purchased 50,000 shares of the firm’s stock in a transaction dated Thursday, November 9th. The shares were bought at an average price of $34.14 per share, with a total value of $1,707,000.00. Following the purchase, the chief executive officer now owns 1,695,014 shares in the company, valued at $57,867,777.96. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 58,500 shares of company stock valued at $2,000,030. 12.34% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of HAIN. Strs Ohio bought a new stake in shares of The Hain Celestial Group during the 3rd quarter worth $32,144,000. Black Creek Investment Management Inc. bought a new stake in shares of The Hain Celestial Group during the 2nd quarter worth $30,283,000. Eagle Asset Management Inc. bought a new stake in shares of The Hain Celestial Group during the 3rd quarter worth $32,091,000. State of New Jersey Common Pension Fund D lifted its holdings in shares of The Hain Celestial Group by 33.3% during the 2nd quarter. State of New Jersey Common Pension Fund D now owns 2,000,000 shares of the company’s stock worth $77,640,000 after acquiring an additional 500,000 shares during the last quarter. Finally, Toronto Dominion Bank bought a new stake in shares of The Hain Celestial Group during the 2nd quarter worth $13,584,000. 90.70% of the stock is owned by institutional investors.

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The Hain Celestial Group Company Profile

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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