Multi-Color Co. (NASDAQ:LABL) has earned a consensus rating of “Hold” from the six ratings firms that are presently covering the stock, Marketbeat reports. Three analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $78.33.

Several analysts have commented on the stock. Robert W. Baird reissued a “hold” rating and issued a $80.00 target price on shares of Multi-Color in a research report on Friday, November 10th. KeyCorp reissued a “sell” rating and issued a $67.00 target price on shares of Multi-Color in a research report on Friday, August 25th. Zacks Investment Research raised shares of Multi-Color from a “hold” rating to a “buy” rating and set a $89.00 target price for the company in a research report on Monday, September 4th. Finally, BMO Capital Markets reissued a “hold” rating and issued a $88.00 target price on shares of Multi-Color in a research report on Monday, September 25th.

In other news, CEO Michael Julian Henry acquired 1,000 shares of the firm’s stock in a transaction that occurred on Monday, November 13th. The stock was acquired at an average cost of $71.03 per share, with a total value of $71,030.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Nigel A. Vinecombe sold 14,699 shares of the company’s stock in a transaction on Thursday, September 28th. The stock was sold at an average price of $82.09, for a total transaction of $1,206,640.91. Following the sale, the insider now directly owns 54,309 shares of the company’s stock, valued at $4,458,225.81. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 38,846 shares of company stock valued at $3,188,636. 19.40% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. California Public Employees Retirement System boosted its holdings in Multi-Color by 7.1% in the 3rd quarter. California Public Employees Retirement System now owns 38,120 shares of the business services provider’s stock valued at $3,124,000 after purchasing an additional 2,520 shares during the period. Zions Bancorporation bought a new stake in Multi-Color in the 3rd quarter valued at $154,000. Magnetar Financial LLC bought a new stake in Multi-Color in the 3rd quarter valued at $203,000. Dimensional Fund Advisors LP boosted its holdings in Multi-Color by 2.1% in the 3rd quarter. Dimensional Fund Advisors LP now owns 660,588 shares of the business services provider’s stock valued at $54,135,000 after purchasing an additional 13,868 shares during the period. Finally, Schwab Charles Investment Management Inc. boosted its holdings in Multi-Color by 10.9% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 64,708 shares of the business services provider’s stock valued at $5,303,000 after purchasing an additional 6,344 shares during the period. 66.62% of the stock is owned by institutional investors and hedge funds.

Multi-Color (NASDAQ:LABL) opened at $75.85 on Monday. The firm has a market cap of $1,550.45, a P/E ratio of 21.07 and a beta of 0.73. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.96 and a quick ratio of 1.48. Multi-Color has a 12 month low of $63.05 and a 12 month high of $88.25.

Multi-Color (NASDAQ:LABL) last released its quarterly earnings data on Tuesday, November 7th. The business services provider reported $1.06 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.11 by ($0.05). The company had revenue of $256.03 million during the quarter, compared to analyst estimates of $246.61 million. Multi-Color had a net margin of 6.10% and a return on equity of 15.52%. The firm’s quarterly revenue was up 10.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.99 EPS. equities research analysts expect that Multi-Color will post 3.83 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Wednesday, November 15th were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.26%. The ex-dividend date of this dividend was Tuesday, November 14th. Multi-Color’s dividend payout ratio is currently 5.90%.

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About Multi-Color

Multi-Color Corporation (Multi-Color) is engaged in label solutions business, supporting brands, including producers of home and personal care, wine and spirit, food and beverage, healthcare and specialty consumer products. The Company serves international brand owners in North, Central and South America, Europe, Australia, New Zealand, South Africa and China and Southeast Asia with a range of label technologies in Pressure Sensitive, Glue-Applied (Cut and Stack), In-Mold, Shrink Sleeve and Heat Transfer.

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