The Hain Celestial Group, Inc. (NASDAQ:HAIN) was the recipient of unusually large options trading activity on Wednesday. Traders bought 12,914 put options on the company. This is an increase of approximately Infinity compared to the typical volume of 0 put options.
HAIN has been the subject of several recent research reports. Susquehanna Bancshares Inc set a $46.00 price objective on The Hain Celestial Group and gave the company a “buy” rating in a research note on Tuesday, July 18th. Loop Capital initiated coverage on The Hain Celestial Group in a research note on Monday, July 31st. They issued a “hold” rating and a $46.00 price objective for the company. BidaskClub raised The Hain Celestial Group from a “hold” rating to a “buy” rating in a research note on Wednesday, August 2nd. UBS AG downgraded The Hain Celestial Group from a “positive” rating to a “neutral” rating in a research note on Tuesday, August 22nd. Finally, Jefferies Group LLC reaffirmed a “buy” rating and issued a $52.00 price objective on shares of The Hain Celestial Group in a research note on Monday, August 28th. One analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and four have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $41.29.
Shares of The Hain Celestial Group (NASDAQ:HAIN) opened at $35.68 on Monday. The company has a market cap of $3,703.29, a P/E ratio of 27.24, a PEG ratio of 1.64 and a beta of 1.21. The Hain Celestial Group has a 52-week low of $31.01 and a 52-week high of $45.61. The company has a current ratio of 2.50, a quick ratio of 1.22 and a debt-to-equity ratio of 0.42.
The Hain Celestial Group (NASDAQ:HAIN) last announced its quarterly earnings data on Tuesday, November 7th. The company reported $0.23 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.01). The company had revenue of $708.30 million for the quarter, compared to analyst estimates of $697.39 million. The Hain Celestial Group had a return on equity of 8.03% and a net margin of 2.73%. The business’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same period last year, the business earned $0.14 EPS. research analysts expect that The Hain Celestial Group will post 1.67 earnings per share for the current year.
In other news, SVP Michael B. Mcguinness acquired 3,500 shares of the stock in a transaction dated Thursday, November 9th. The stock was bought at an average price of $34.58 per share, with a total value of $121,030.00. Following the completion of the purchase, the senior vice president now directly owns 55,131 shares of the company’s stock, valued at approximately $1,906,429.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO James M. Langrock acquired 5,000 shares of the stock in a transaction dated Thursday, November 9th. The stock was purchased at an average cost of $34.40 per share, with a total value of $172,000.00. Following the purchase, the chief financial officer now directly owns 59,233 shares of the company’s stock, valued at $2,037,615.20. The disclosure for this purchase can be found here. Insiders bought 58,500 shares of company stock valued at $2,000,030 in the last three months. Company insiders own 12.34% of the company’s stock.
Several hedge funds have recently made changes to their positions in HAIN. Saratoga Research & Investment Management acquired a new stake in shares of The Hain Celestial Group during the 3rd quarter worth approximately $124,000. Tudor Investment Corp ET AL acquired a new stake in shares of The Hain Celestial Group during the 1st quarter worth approximately $201,000. Miles Capital Inc. bought a new position in shares of The Hain Celestial Group in the 2nd quarter worth $201,000. First National Trust Co. bought a new position in shares of The Hain Celestial Group in the 3rd quarter worth $201,000. Finally, Oakbrook Investments LLC bought a new position in shares of The Hain Celestial Group in the 3rd quarter worth $202,000. 89.04% 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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