Zacks Investment Research cut shares of Multi-Color (NASDAQ:LABL) from a hold rating to a sell rating in a report issued on Tuesday morning.

According to Zacks, “Multi-Color is one of the largest producers of printed labels for branded consumer products in the United States. Labels printed by the Company appear principally on mass-marketed products for which label appearance is a significant element of product marketing and merchandising. Multi-Color produces labels for a variety of consumer products including liquid detergents, fabric softeners, food products, liquid cleaners, anti-freeze and chewing gum. “

LABL has been the topic of a number of other reports. Robert W. Baird reiterated a hold rating and set a $80.00 price target on shares of Multi-Color in a research report on Friday, November 10th. BidaskClub upgraded Multi-Color from a strong sell rating to a sell rating in a research report on Friday, December 22nd. BMO Capital Markets restated a hold rating and issued a $88.00 target price on shares of Multi-Color in a research report on Monday, September 25th. Finally, Hilliard Lyons upgraded Multi-Color from a neutral rating to a buy rating in a research report on Monday. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company. Multi-Color has a consensus rating of Hold and an average target price of $82.75.

Shares of Multi-Color (LABL) traded down $0.30 during trading on Tuesday, hitting $76.55. The stock had a trading volume of 38,653 shares, compared to its average volume of 46,514. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.96 and a quick ratio of 1.48. The firm has a market cap of $1,600.00, a PE ratio of 22.51 and a beta of 0.73. Multi-Color has a fifty-two week low of $63.05 and a fifty-two week high of $88.25.

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

In related news, 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 value of $686,731.80. Following the sale, the director now directly owns 17,441 shares in the company, valued at approximately $1,256,798.46. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Michael Julian Henry bought 1,000 shares of the stock in a transaction that occurred on Monday, November 13th. The stock was acquired at an average price of $71.03 per share, for a total transaction of $71,030.00. The disclosure for this purchase can be found here. 19.40% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. California Public Employees Retirement System increased its position 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 acquiring an additional 2,520 shares during the period. Zions Bancorporation bought a new position in Multi-Color during the 3rd quarter valued at $154,000. Magnetar Financial LLC bought a new position in Multi-Color during the 3rd quarter valued at $203,000. Dimensional Fund Advisors LP boosted its stake in Multi-Color by 2.1% during 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 in the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its stake in Multi-Color by 10.9% during 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 in the last quarter. Hedge funds and other institutional investors own 63.50% 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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