Stock Traders Buy Large Volume of Hain Celestial Group Put Options (HAIN)

Hain Celestial Group Inc (NASDAQ:HAIN) saw unusually large options trading activity on Tuesday. Investors acquired 2,101 put options on the stock. This is an increase of 930% compared to the average daily volume of 204 put options.

In other Hain Celestial Group news, Director Glenn W. Welling purchased 1,222,979 shares of Hain Celestial Group stock in a transaction dated Wednesday, March 6th. The shares were bought at an average cost of $20.48 per share, for a total transaction of $25,046,609.92. Following the transaction, the director now owns 21,577 shares in the company, valued at approximately $441,896.96. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Glenn W. Welling purchased 1,003,918 shares of Hain Celestial Group stock in a transaction dated Friday, March 1st. The stock was acquired at an average price of $19.30 per share, for a total transaction of $19,375,617.40. Following the completion of the transaction, the director now owns 21,577 shares in the company, valued at approximately $416,436.10. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 11,850,437 shares of company stock valued at $263,768,117. 13.50% of the stock is owned by company insiders.

Large investors have recently modified their holdings of the stock. Carroll Financial Associates Inc. lifted 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 valued at $27,000 after purchasing an additional 1,024 shares during the last quarter. Ameritas Investment Corp bought a new stake in Hain Celestial Group in the 1st quarter valued at about $28,000. Parallel Advisors LLC lifted its position in Hain Celestial Group by 1,005.0% in the 4th quarter. Parallel Advisors LLC now owns 2,000 shares of the company’s stock valued at $31,000 after purchasing an additional 1,819 shares during the last quarter. Advisory Services Network LLC acquired a new position in Hain Celestial Group during the 4th quarter valued at about $44,000. Finally, Truvestments Capital LLC acquired a new position in Hain Celestial Group during the 1st quarter valued at about $74,000. Hedge funds and other institutional investors own 95.13% of the company’s stock.

Shares of NASDAQ:HAIN opened at $23.90 on Wednesday. The stock has a market capitalization of $2.46 billion, a P/E ratio of 20.60, a PEG ratio of 18.23 and a beta of 1.42. Hain Celestial Group has a fifty-two week low of $14.45 and a fifty-two week high of $31.53. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.22 and a current ratio of 2.16.

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

A number of research analysts have recently issued reports on the stock. ValuEngine upgraded shares of Hain Celestial Group from a “strong sell” rating to a “sell” rating in a research report on Thursday, February 28th. Sanford C. Bernstein downgraded shares of Hain Celestial Group from an “outperform” rating to a “market perform” rating and set a $22.00 price target on the stock. in a research report on Friday, March 1st. Zacks Investment Research upgraded shares of Hain Celestial Group from a “sell” rating to a “hold” rating in a research report on Wednesday, April 10th. Buckingham Research set a $23.00 price target on shares of Hain Celestial Group and gave the stock a “hold” rating in a research report on Friday, May 10th. Finally, Piper Jaffray Companies set a $17.00 price target on shares of Hain Celestial Group and gave the stock a “hold” rating in a research report on Friday, February 8th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the stock. Hain Celestial Group has an average rating of “Hold” and a consensus target price of $24.54.

TRADEMARK VIOLATION WARNING: “Stock Traders Buy Large Volume of Hain Celestial Group Put Options (HAIN)” was published by Baseball Daily News and is the property of of Baseball Daily News. If you are accessing this report on another publication, it was illegally copied and reposted in violation of U.S. & international copyright & trademark laws. The original version of this report can be read at https://www.baseballdailydigest.com/news/2019/05/22/stock-traders-buy-large-volume-of-hain-celestial-group-put-options-hain.html.

About Hain Celestial Group

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.

See Also: What is intrinsic value?

Receive News & Ratings for Hain Celestial Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hain Celestial Group and related companies with MarketBeat.com's FREE daily email newsletter.