Traders Purchase High Volume of The Hain Celestial Group Call Options (NASDAQ:HAIN)

Key Points

• Traders made a significant move by purchasing 21,783 call options for The Hain Celestial Group, marking an increase of 3,987% compared to the typical daily volume.
• Insider trading activity was notable, with Director Neil Campbell and CEO Alison Lewis increasing their stakes in the company by 99.54% and 149.65% respectively.
• The company's stock price is currently down 13.4% year-over-year, reporting a loss of ($0.02) EPS in the latest quarter against analyst expectations of $0.04.

The Hain Celestial Group, Inc. (NASDAQ:HAIN - Get Free Report) was the recipient of some unusual options trading on Wednesday. Stock investors purchased 21,783 call options on the stock. This represents an increase of 3,987% compared to the typical daily volume of 533 call options.

Insider Activity 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 bought at an average cost of $1.52 per share, for a total transaction of $95,212.80. Following the purchase, the director owned 125,569 shares in the company, valued at approximately $190,864.88. This trade represents a 99.54% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 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 completion of the purchase, the chief executive officer owned 74,895 shares in the company, valued at approximately $112,342.50. This trade represents a 149.65% increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders bought 137,535 shares of company stock worth $207,255. Corporate insiders own 1.71% of the company's stock.

Institutional Trading of The Hain Celestial Group

Several hedge funds have recently added to or reduced their stakes in the business. CWM LLC raised its stake in The Hain Celestial Group by 61.1% during the 3rd quarter. CWM LLC now owns 56,229 shares of the company's stock worth $89,000 after buying an additional 21,315 shares during the period. Thrivent Financial for Lutherans increased its holdings in The Hain Celestial Group by 104.8% during the 2nd 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 in the last quarter. Cim Investment Management Inc. increased its holdings in The Hain Celestial Group by 100.7% during the 2nd 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 in the last quarter. Raffles Associates LP bought a new position in The Hain Celestial Group during the 2nd quarter worth about $304,000. Finally, Tidal Investments LLC bought a new position in The Hain Celestial Group during the 2nd quarter worth about $179,000. Institutional investors and hedge funds own 97.01% of the company's stock.

The Hain Celestial Group Trading Up 9.8%

Shares of HAIN stock traded up $0.14 during trading hours on Wednesday, reaching $1.52. The company had a trading volume of 2,965,415 shares, compared to its average volume of 2,071,418. The company has a 50 day moving average of $1.65 and a 200 day moving average of $1.92. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.91 and a quick ratio of 1.02. The firm has a market cap of $136.79 million, a price-to-earnings ratio of -0.26 and a beta of 0.82. The Hain Celestial Group has a 1-year low of $1.29 and a 1-year high of $9.43.

The Hain Celestial Group (NASDAQ:HAIN - Get Free Report) last posted its quarterly 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 company had revenue of $363.35 million during the quarter, compared to analyst estimates of $371.58 million. The Hain Celestial Group had a negative net margin of 34.03% and a positive return on equity of 1.10%. The business's revenue for the quarter was down 13.4% compared to the same quarter last year. During the same period last year, the company earned $0.13 EPS. On average, equities research analysts anticipate that The Hain Celestial Group will post 0.4 EPS for the current year.

Analysts Set New Price Targets

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

The Hain Celestial Group Company Profile

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.

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