Insider Selling: Jarden Corp. Director Sells 3,934 Shares of Stock (JAH)
Jarden Corp. (NYSE:JAH) Director William J. Grant sold 3,934 shares of the stock on the open market in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $60.05, for a total transaction of $236,236.70. Following the transaction, the director now directly owns 15,278 shares in the company, valued at approximately $917,444. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Jarden Corp. (NYSE:JAH) traded up 0.13% on Thursday, hitting $59.41. The stock had a trading volume of 459,891 shares. Jarden Corp. has a 52 week low of $42.88 and a 52 week high of $64.01. The stock’s 50-day moving average is $57. and its 200-day moving average is $59.08. The company has a market cap of $7.665 billion and a price-to-earnings ratio of 33.44.
Jarden Corp. (NYSE:JAH) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.20 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.16 by $0.04. The company had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.74 billion. During the same quarter last year, the company posted $0.30 earnings per share. Jarden Corp.’s revenue was up 9.6% compared to the same quarter last year. Analysts expect that Jarden Corp. will post $3.94 EPS for the current fiscal year.
A number of research firms have recently commented on JAH. Analysts at Citigroup Inc. reiterated a “buy” rating on shares of Jarden Corp. in a research note on Tuesday, May 20th. They now have a $67.00 price target on the stock, down previously from $71.00. Separately, analysts at Jefferies Group reiterated a “buy” rating on shares of Jarden Corp. in a research note on Friday, May 2nd. Finally, analysts at Wells Fargo & Co. initiated coverage on shares of Jarden Corp. in a research note on Friday, April 4th. They set an “outperform” rating and a $69.00 price target on the stock. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $68.62.
Jarden Corporation (NYSE:JAH) is a global consumer products company.
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