Robert W. Baird reissued their hold rating on shares of Multi-Color Corporation (NASDAQ:LABL) in a research report sent to investors on Thursday. Robert W. Baird currently has a $85.00 price target on the business services provider’s stock.

A number of other equities analysts have also recently issued reports on LABL. BidaskClub cut Multi-Color Corporation from a buy rating to a hold rating in a report on Thursday, June 22nd. Zacks Investment Research cut Multi-Color Corporation from a buy rating to a hold rating in a report on Tuesday, August 1st. KeyCorp reaffirmed a sell rating and issued a $67.00 target price on shares of Multi-Color Corporation in a report on Friday, August 25th. Finally, BMO Capital Markets reaffirmed a hold rating and issued a $88.00 target price on shares of Multi-Color Corporation in a report on Monday, September 25th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has given a strong buy rating to the company. The stock presently has an average rating of Hold and a consensus price target of $84.00.

Shares of Multi-Color Corporation (LABL) traded down 0.48% during mid-day trading on Thursday, hitting $82.35. The stock had a trading volume of 37,361 shares. The company has a market capitalization of $1.40 billion, a P/E ratio of 23.73 and a beta of 0.80. Multi-Color Corporation has a 1-year low of $63.05 and a 1-year high of $88.25. The stock’s 50-day moving average price is $81.51 and its 200 day moving average price is $79.36.

Multi-Color Corporation (NASDAQ:LABL) last posted its quarterly earnings results on Tuesday, August 8th. The business services provider reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.06. Multi-Color Corporation had a return on equity of 15.85% and a net margin of 6.38%. The company had revenue of $242.40 million during the quarter, compared to analysts’ expectations of $242.47 million. During the same quarter in the previous year, the firm earned $0.95 EPS. Multi-Color Corporation’s revenue was up 2.5% on a year-over-year basis. On average, analysts predict that Multi-Color Corporation will post $3.98 EPS for the current fiscal year.

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In other Multi-Color Corporation news, insider Nigel A. Vinecombe sold 25,000 shares of the company’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $80.23, for a total value of $2,005,750.00. Following the completion of the transaction, the insider now owns 54,309 shares of the company’s stock, valued at approximately $4,357,211.07. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Nigel A. Vinecombe sold 14,699 shares of the company’s stock in a transaction dated Thursday, September 28th. The stock was sold at an average price of $82.09, for a total value of $1,206,640.91. Following the completion of the transaction, the insider now directly owns 54,309 shares of the company’s stock, valued at approximately $4,458,225.81. The disclosure for this sale can be found here. In the last ninety days, insiders sold 63,846 shares of company stock valued at $5,194,386. Insiders own 19.40% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Pinebridge Investments L.P. increased its holdings in Multi-Color Corporation by 1.0% in the 2nd 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 in the last quarter. Atria Investments LLC grew its position in shares of Multi-Color Corporation by 0.8% in the 2nd quarter. Atria Investments LLC now owns 2,968 shares of the business services provider’s stock valued at $242,000 after buying an additional 24 shares during the last quarter. Texas Permanent School Fund grew its position in shares of Multi-Color Corporation by 0.9% in the 2nd quarter. Texas Permanent School Fund now owns 9,654 shares of the business services provider’s stock valued at $788,000 after buying an additional 84 shares during the last quarter. Arizona State Retirement System grew its position in shares of Multi-Color Corporation by 1.5% in the 1st quarter. Arizona State Retirement System now owns 6,900 shares of the business services provider’s stock valued at $490,000 after buying an additional 100 shares during the last quarter. Finally, RMB Capital Management LLC grew its position in shares of Multi-Color Corporation by 0.4% in the 1st quarter. RMB Capital Management LLC now owns 28,713 shares of the business services provider’s stock valued at $2,039,000 after buying an additional 103 shares during the last quarter. 73.35% of the stock is owned by institutional investors and hedge funds.

About Multi-Color Corporation

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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