Insider Selling: Jarden Corp. Chairman Unloads 250,000 Shares of Stock (JAH)
Jarden Corp. (NYSE:JAH) Chairman Martin Franklin sold 250,000 shares of Jarden Corp. 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 value of $11,915,000.00. Following the sale, the chairman now directly owns 4,330,382 shares in the company. The sale was disclosed in a filing with the SEC, which is available at this link.
A number of research firms have recently commented on JAH. 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 company’s stock. The company has a consensus rating of “Buy” and an average target price of $55.00.
Shares of Jarden Corp. (NYSE:JAH) traded down 0.71% on Wednesday, hitting $47.23. The stock had a trading volume of 851,820 shares. 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 P/E ratio of 27.03.
Jarden Corp. (NYSE:JAH) last posted its quarterly earnings results on Thursday, July 25th. The company reported $0.88 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $1.14 earnings per share. The company’s quarterly revenue was up 5.0% on a year-over-year basis. Analysts expect that Jarden Corp. will post $3.35 EPS for the current fiscal year.
Jarden Corporation (NYSE:JAH) is a global consumer products company.
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