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

LABL has been the subject of several other research reports. ValuEngine downgraded shares of Multi-Color from a sell rating to a strong sell rating in a report on Tuesday, May 22nd. Zacks Investment Research raised shares of Multi-Color from a sell rating to a hold rating in a report on Wednesday, June 13th. Finally, KeyCorp reaffirmed a hold rating on shares of Multi-Color in a report on Tuesday, August 7th. Four analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. Multi-Color presently has a consensus rating of Hold and an average target price of $72.00.

Shares of Multi-Color stock opened at $61.10 on Friday. The firm has a market capitalization of $1.26 billion, a P/E ratio of 16.25 and a beta of 0.81. The company has a quick ratio of 1.49, a current ratio of 1.97 and a debt-to-equity ratio of 2.21. Multi-Color has a fifty-two week low of $57.76 and a fifty-two week high of $89.70.

Multi-Color (NASDAQ:LABL) last issued its earnings results on Tuesday, August 7th. The business services provider reported $1.06 earnings per share for the quarter, hitting the consensus estimate of $1.06. The company had revenue of $456.13 million during the quarter, compared to the consensus estimate of $442.85 million. Multi-Color had a net margin of 5.02% and a return on equity of 11.70%. sell-side analysts forecast that Multi-Color will post 4.31 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, September 1st. Shareholders of record on Wednesday, August 15th will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.33%. The ex-dividend date is Tuesday, August 14th. Multi-Color’s dividend payout ratio (DPR) is presently 5.32%.

In other Multi-Color news, insider Nigel A. Vinecombe sold 32,419 shares of the stock in a transaction dated Tuesday, June 5th. The shares were sold at an average price of $70.01, for a total transaction of $2,269,654.19. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Sharon E. Birkett sold 13,500 shares of the stock in a transaction dated Thursday, May 31st. The shares were sold at an average price of $68.90, for a total transaction of $930,150.00. Following the transaction, the chief financial officer now directly owns 13,236 shares of the company’s stock, valued at approximately $911,960.40. The disclosure for this sale can be found here. Insiders have sold a total of 63,500 shares of company stock valued at $4,430,474 in the last three months. Insiders own 32.20% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Swiss National Bank boosted its holdings in shares of Multi-Color by 5.4% during the 1st quarter. Swiss National Bank now owns 25,300 shares of the business services provider’s stock valued at $1,671,000 after purchasing an additional 1,300 shares during the last quarter. Quantbot Technologies LP bought a new position in shares of Multi-Color in the 1st quarter valued at about $215,000. Ceredex Value Advisors LLC bought a new position in shares of Multi-Color in the 1st quarter valued at about $17,830,000. Sei Investments Co. lifted its holdings in shares of Multi-Color by 59.8% in the 1st quarter. Sei Investments Co. now owns 4,035 shares of the business services provider’s stock valued at $267,000 after acquiring an additional 1,510 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in shares of Multi-Color by 2.4% in the 1st quarter. Principal Financial Group Inc. now owns 106,538 shares of the business services provider’s stock valued at $7,037,000 after acquiring an additional 2,524 shares during the last quarter. 70.31% of the stock is owned by institutional investors and hedge funds.

About Multi-Color

Multi-Color Corporation provides various label solutions in the United States, Australia, Germany, and internationally. The company offers pressure sensitive labels; in-mold labels; heat transfer labels; cut and stack labels, such as peel-away promotional labels, thermochromics, holographics, and metalized films, as well as scratch-off coupons and static-clings; and roll fed labels.

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Analyst Recommendations for Multi-Color (NASDAQ:LABL)

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