Insider Selling: TreeHouse Foods Director Sells 3,700 Shares of Stock (THS)
TreeHouse Foods (NYSE:THS) Director Diana Sue Ferguson unloaded 3,700 shares of the stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $70.00, for a total transaction of $259,000.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Shares of TreeHouse Foods (NYSE:THS) traded up 1.76% during mid-day trading on Thursday, hitting $71.00. 236,475 shares of the company’s stock traded hands. TreeHouse Foods has a one year low of $52.98 and a one year high of $75.86. The stock’s 50-day moving average is $66.8 and its 200-day moving average is $68.97. The company has a market cap of $2.585 billion and a P/E ratio of 29.94.
TreeHouse Foods (NYSE:THS) last posted its quarterly earnings results on Thursday, February 13th. The company reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.91 by $0.07. The company had revenue of $660.30 million for the quarter, compared to the consensus estimate of $657.32 million. During the same quarter in the previous year, the company posted $0.86 earnings per share. The company’s revenue for the quarter was up 11.4% on a year-over-year basis. Analysts expect that TreeHouse Foods will post $3.57 EPS for the current fiscal year.
A number of analysts have recently weighed in on THS shares. Analysts at Credit Suisse upgraded shares of TreeHouse Foods from an “underperform” rating to a “neutral” rating in a research note on Friday, February 14th. They now have a $70.00 price target on the stock, up previously from $67.00. Analysts at Jefferies Group reiterated a “hold” rating on shares of TreeHouse Foods in a research note on Wednesday, November 27th. They now have a $69.00 price target on the stock, down previously from $72.00. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $74.13.
TreeHouse Foods, Inc (NYSE:THS) is a food manufacturer servicing the retail grocery and foodservice distribution channels.
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