Investors Purchase Large Volume of Call Options on The Hain Celestial Group (NASDAQ:HAIN)

The Hain Celestial Group, Inc. (NASDAQ:HAIN) was the target of unusually large options trading activity on Wednesday. Investors purchased 21,783 call options on the stock. This represents an increase of approximately 3,987% compared to the typical daily volume of 533 call options.

The Hain Celestial Group Stock Performance

Shares of NASDAQ:HAIN opened at $1.50 on Thursday. The Hain Celestial Group has a twelve month low of $1.29 and a twelve month high of $9.43. The firm has a market cap of $135.44 million, a PE ratio of -0.25 and a beta of 0.82. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.02 and a current ratio of 1.91. The business has a fifty day moving average of $1.64 and a 200-day moving average of $1.91.

The Hain Celestial Group (NASDAQ:HAIN) last announced its earnings results on Monday, September 15th. The company reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.06). The Hain Celestial Group had a negative net margin of 34.03% and a positive return on equity of 1.10%. The business had revenue of $363.35 million during the quarter, compared to analyst estimates of $371.58 million. During the same quarter last year, the business posted $0.13 earnings per share. The business’s quarterly revenue was down 13.4% compared to the same quarter last year. On average, equities research analysts predict that The Hain Celestial Group will post 0.4 EPS for the current fiscal year.

Insider Buying and Selling at The Hain Celestial Group

In related news, Director Neil Campbell acquired 62,640 shares of the stock in a transaction dated Friday, September 19th. The shares were acquired at an average price of $1.52 per share, for a total transaction of $95,212.80. Following the completion of the purchase, the director owned 125,569 shares in the company, valued at approximately $190,864.88. The trade was a 99.54% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Alison Lewis acquired 44,895 shares of the stock in a transaction dated Friday, September 19th. The stock was bought at an average price of $1.50 per share, for a total transaction of $67,342.50. Following the purchase, the chief executive officer owned 74,895 shares of the company’s stock, valued at $112,342.50. The trade was a 149.65% increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 137,535 shares of company stock worth $207,255. 1.71% of the stock is currently owned by corporate insiders.

Institutional Trading of The Hain Celestial Group

Hedge funds and other institutional investors have recently made changes to their positions in the business. Signaturefd LLC increased its stake in shares of The Hain Celestial Group by 174.5% in the first quarter. Signaturefd LLC now owns 6,858 shares of the company’s stock valued at $28,000 after buying an additional 4,360 shares in the last quarter. Thrivent Financial for Lutherans increased its position in The Hain Celestial Group by 104.8% in the second quarter. Thrivent Financial for Lutherans now owns 21,500 shares of the company’s stock worth $32,000 after purchasing an additional 11,000 shares during the period. Rathbones Group PLC acquired a new stake in The Hain Celestial Group in the second quarter worth about $39,000. Cim Investment Management Inc. increased its position in The Hain Celestial Group by 100.7% in the second quarter. Cim Investment Management Inc. now owns 28,793 shares of the company’s stock worth $44,000 after purchasing an additional 14,450 shares during the period. Finally, Vanguard Personalized Indexing Management LLC increased its position in The Hain Celestial Group by 45.0% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 30,067 shares of the company’s stock worth $46,000 after purchasing an additional 9,335 shares during the period. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on HAIN shares. Wall Street Zen downgraded The Hain Celestial Group from a “hold” rating to a “sell” rating in a research report on Saturday, September 20th. Barclays decreased their target price on The Hain Celestial Group from $2.00 to $1.50 and set an “equal weight” rating on the stock in a research report on Wednesday, September 17th. Stephens downgraded The Hain Celestial Group from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $3.00 to $2.00 in a research report on Wednesday, September 17th. Mizuho reduced their target price on The Hain Celestial Group from $2.50 to $1.50 and set a “neutral” rating for the company in a research report on Tuesday, September 16th. Finally, Zacks Research cut The Hain Celestial Group from a “hold” rating to a “strong sell” rating in a research report on Wednesday, September 17th. One research analyst has rated the stock with a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Reduce” and a consensus price target of $3.28.

About The Hain Celestial Group

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.