BidaskClub downgraded shares of Multi-Color (NASDAQ:LABL) from a sell rating to a strong sell rating in a research note released on Friday.

Other equities analysts also recently issued research reports about the stock. 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 note on Monday, September 4th. BMO Capital Markets reaffirmed a hold rating and set a $88.00 target price on shares of Multi-Color in a research note on Wednesday, October 25th. Robert W. Baird reaffirmed a hold rating and set a $85.00 target price on shares of Multi-Color in a research note on Thursday, October 12th. Finally, KeyCorp reaffirmed a sell rating and set a $67.00 target price on shares of Multi-Color in a research note on Friday, August 25th. Three research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. The company presently has a consensus rating of Hold and an average target price of $82.75.

Multi-Color (NASDAQ LABL) traded up $1.70 during mid-day trading on Friday, reaching $73.55. 103,934 shares of the company were exchanged, compared to its average volume of 70,467. Multi-Color has a 12 month low of $63.05 and a 12 month high of $88.25. The company has a market capitalization of $1,468.66, a P/E ratio of 19.96 and a beta of 0.73. The company has a current ratio of 1.96, a quick ratio of 1.48 and a debt-to-equity ratio of 1.13.

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

The company also recently declared a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Wednesday, November 15th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.27%. The ex-dividend date of this dividend was Tuesday, November 14th. Multi-Color’s payout ratio is 5.90%.

In related news, CEO Michael Julian Henry bought 1,000 shares of the company’s stock in a transaction that occurred on Monday, November 13th. The shares were bought at an average price of $71.03 per share, for a total transaction of $71,030.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Robert R. Buck sold 9,530 shares of the firm’s stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of $72.06, for a total transaction of $686,731.80. Following the completion of the sale, the director now owns 17,441 shares in the company, valued at approximately $1,256,798.46. The disclosure for this sale can be found here. In the last quarter, insiders have sold 48,376 shares of company stock worth $3,875,368. Corporate insiders own 19.40% of the company’s stock.

Hedge funds have recently modified their holdings of the stock. Acrospire Investment Management LLC purchased a new stake in Multi-Color in the second quarter worth approximately $105,000. SG Americas Securities LLC purchased a new stake in Multi-Color in the third quarter worth approximately $129,000. Pinebridge Investments L.P. boosted its holdings in Multi-Color by 1.0% in the second quarter. Pinebridge Investments L.P. now owns 1,742 shares of the business services provider’s stock worth $143,000 after purchasing an additional 18 shares during the last quarter. Zions Bancorporation purchased a new stake in Multi-Color in the third quarter worth approximately $154,000. Finally, Eqis Capital Management Inc. purchased a new stake in Multi-Color in the third quarter worth approximately $201,000. Institutional investors own 66.62% of the company’s stock.

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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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