TreeHouse Foods (NYSE:THS) Hits New 12-Month Low – Here’s Why

TreeHouse Foods, Inc. (NYSE:THS)’s share price reached a new 52-week low on Tuesday . The company traded as low as $26.02 and last traded at $26.23, with a volume of 462246 shares trading hands. The stock had previously closed at $26.35.

Analysts Set New Price Targets

Several equities research analysts have issued reports on THS shares. Stifel Nicolaus lifted their price target on shares of TreeHouse Foods from $32.00 to $35.00 and gave the company a “hold” rating in a research note on Friday, January 24th. Jefferies Financial Group dropped their target price on TreeHouse Foods from $37.00 to $31.00 and set a “hold” rating on the stock in a report on Tuesday, February 18th. StockNews.com upgraded TreeHouse Foods from a “sell” rating to a “hold” rating in a research note on Tuesday, February 18th. Finally, Barclays upped their price objective on TreeHouse Foods from $35.00 to $36.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 18th. Eight equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $34.83.

TreeHouse Foods Stock Down 0.1 %

The stock has a market cap of $1.33 billion, a P/E ratio of 49.08 and a beta of 0.15. The firm has a 50 day simple moving average of $31.63 and a 200-day simple moving average of $35.18. The company has a quick ratio of 0.63, a current ratio of 1.36 and a debt-to-equity ratio of 0.90.

TreeHouse Foods (NYSE:THS) last posted its quarterly earnings results on Friday, February 14th. The company reported $0.95 earnings per share for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.02). TreeHouse Foods had a net margin of 0.80% and a return on equity of 6.42%. The business had revenue of $905.70 million during the quarter, compared to the consensus estimate of $907.71 million. During the same quarter last year, the company posted $0.77 EPS. The firm’s revenue was down .5% on a year-over-year basis. On average, equities research analysts forecast that TreeHouse Foods, Inc. will post 1.94 earnings per share for the current fiscal year.

Institutional Investors Weigh In On TreeHouse Foods

A number of institutional investors have recently made changes to their positions in the company. Blue Trust Inc. lifted its holdings in TreeHouse Foods by 456.7% during the 4th quarter. Blue Trust Inc. now owns 1,119 shares of the company’s stock worth $39,000 after purchasing an additional 918 shares during the last quarter. Sterling Capital Management LLC increased its position in TreeHouse Foods by 134.4% during the 4th quarter. Sterling Capital Management LLC now owns 2,374 shares of the company’s stock worth $83,000 after buying an additional 1,361 shares during the period. KBC Group NV lifted its holdings in shares of TreeHouse Foods by 45.1% during the fourth quarter. KBC Group NV now owns 2,820 shares of the company’s stock worth $99,000 after buying an additional 877 shares in the last quarter. CIBC Private Wealth Group LLC boosted its position in shares of TreeHouse Foods by 58.2% in the fourth quarter. CIBC Private Wealth Group LLC now owns 4,101 shares of the company’s stock valued at $142,000 after acquiring an additional 1,508 shares during the period. Finally, Legacy Wealth Asset Management LLC acquired a new position in shares of TreeHouse Foods in the fourth quarter valued at about $216,000. Institutional investors own 99.81% of the company’s stock.

About TreeHouse Foods

TreeHouse Foods, Inc manufactures and distributes private brands snacks and beverages in the United States and internationally. The company provides snacking products, such as crackers, pretzels, in-store bakery items, frozen griddle items, cookies, and candies; and beverage and drink mixes, including non-dairy creamer, coffee, broths/stocks, powdered beverages and other blends, tea, and ready-to-drink-beverages.