Insider Selling: James Lillie Sells 30,000 Shares of Jarden Corp. Stock (JAH)
Jarden Corp. (NYSE:JAH) CEO James Lillie unloaded 30,000 shares of the company’s stock on the open market in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $47.66, for a total transaction of $1,429,800.00. Following the sale, the chief executive officer now directly owns 557,080 shares in the company. The transaction was disclosed in a filing with the SEC, which is available at this link.
JAH has been the subject of a number of recent research reports. Analysts at Oppenheimer raised their price target on shares of Jarden Corp. (NYSE:JAH) from $50.00 to $56.00 in a research note to investors on Wednesday. They now have an “outperform” rating on the stock. Separately, analysts at JPMorgan Chase & Co. raised their price target on shares of Jarden Corp. (NYSE:JAH) from $47.00 to $57.00 in a research note to investors on Friday, September 6th. They now have an “overweight” rating on the stock. Finally, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Jarden Corp. (NYSE:JAH) in a research note to investors on Thursday, September 5th. They now have a $55.00 price target on the stock, up previously from $53.00.
One analyst has rated the stock with a hold rating and six have given a buy rating to the stock. Jarden Corp. has an average rating of “Buy” and an average target price of $55.00.
Shares of Jarden Corp. (NYSE:JAH) traded down 0.71% during mid-day trading on Wednesday, hitting $47.23. 851,820 shares of the company’s stock traded hands. Jarden Corp. has a 52-week low of $32.4267 and a 52-week high of $49.28. The stock has a 50-day moving average of $45.94 and a 200-day moving average of $44.73. The company has a market cap of $5.319 billion and a price-to-earnings ratio of 27.03.
Jarden Corp. (NYSE:JAH) last announced its quarterly earnings results on Thursday, July 25th. The company reported $0.88 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.87 by $0.01. The company had revenue of $1.76 million for the quarter, compared to the consensus estimate of $1.76 million. During the same quarter last year, the company posted $1.14 earnings per share. Jarden Corp.’s revenue was up 5.0% compared to the same quarter last year. On average, analysts predict that Jarden Corp. will post $3.35 earnings per share for the current fiscal year.
Jarden Corporation (NYSE:JAH) is a global consumer products company.
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