Multi-Color Corp. (NASDAQ:LABL) has received an average rating of “Hold” from the six research firms that are presently covering the stock. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $64.50.
LABL has been the topic of a number of research analyst reports. Singular Research raised their price objective on shares of Multi-Color Corp. from $67.00 to $70.00 and gave the company a “buy – long-term” rating in a research note on Wednesday, August 17th. Zacks Investment Research lowered shares of Multi-Color Corp. from a “hold” rating to a “sell” rating in a research note on Wednesday, November 16th.
In related news, insider Nigel A. Vinecombe sold 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 15th. The shares were sold at an average price of $72.85, for a total transaction of $1,821,250.00. Following the completion of the sale, the insider now directly owns 13,145 shares in the company, valued at $957,613.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 20.20% of the company’s stock.
A number of hedge funds have recently modified their holdings of the company. Park National Corp OH acquired a new stake in shares of Multi-Color Corp. during the third quarter worth $2,970,000. California State Teachers Retirement System raised its position in Multi-Color Corp. by 6.4% in the second quarter. California State Teachers Retirement System now owns 28,501 shares of the company’s stock worth $1,807,000 after buying an additional 1,724 shares in the last quarter. PNC Financial Services Group Inc. raised its position in Multi-Color Corp. by 7.4% in the second quarter. PNC Financial Services Group Inc. now owns 63,041 shares of the company’s stock worth $3,998,000 after buying an additional 4,364 shares in the last quarter. Swiss National Bank raised its position in Multi-Color Corp. by 2.9% in the second quarter. Swiss National Bank now owns 21,400 shares of the company’s stock worth $1,357,000 after buying an additional 600 shares in the last quarter. Finally, Stanley Laman Group Ltd. purchased a new position in Multi-Color Corp. during the second quarter worth approximately $218,000. Hedge funds and other institutional investors own 76.20% of the company’s stock.
Multi-Color Corp. (NASDAQ:LABL) traded up 0.27% during midday trading on Friday, reaching $75.20. The company had a trading volume of 16,852 shares. The company’s 50 day moving average is $67.53 and its 200-day moving average is $65.09. The company has a market capitalization of $1.27 billion, a P/E ratio of 25.48 and a beta of 0.92. Multi-Color Corp. has a 52-week low of $40.15 and a 52-week high of $76.50.
Multi-Color Corp. (NASDAQ:LABL) last announced its quarterly earnings results on Wednesday, November 9th. The company reported $0.99 EPS for the quarter, beating the consensus estimate of $0.97 by $0.02. Multi-Color Corp. had a net margin of 5.55% and a return on equity of 16.38%. The company had revenue of $232.10 million for the quarter, compared to analyst estimates of $235.48 million. The business’s revenue was up 5.6% compared to the same quarter last year. Equities analysts expect that Multi-Color Corp. will post $3.60 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Tuesday, November 15th will be issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.27%. The ex-dividend date is Thursday, November 10th. Multi-Color Corp.’s payout ratio is 6.78%.