TreeHouse Foods (NYSE:THS) Reaches New 1-Year Low – Here’s Why

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

Analyst Ratings Changes

A number of research firms recently issued reports on THS. Stifel Nicolaus increased their target price on shares of TreeHouse Foods from $32.00 to $35.00 and gave the stock a “hold” rating in a research report on Friday, January 24th. Barclays boosted their price target 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. Jefferies Financial Group reduced their target price on TreeHouse Foods from $37.00 to $31.00 and set a “hold” rating for the company in a research note on Tuesday, February 18th. Finally, StockNews.com raised shares of TreeHouse Foods from a “sell” rating to a “hold” rating in a report on Tuesday, February 18th. Eight analysts have rated the stock with a hold rating, According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $34.83.

TreeHouse Foods Stock Down 0.5 %

The stock’s fifty day simple moving average is $31.92 and its two-hundred day simple moving average is $35.35. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.36 and a quick ratio of 0.63. The company has a market capitalization of $1.32 billion, a price-to-earnings ratio of 48.57 and a beta of 0.15.

TreeHouse Foods (NYSE:THS) last issued its earnings results on Friday, February 14th. The company reported $0.95 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.02). The business had revenue of $905.70 million during the quarter, compared to the consensus estimate of $907.71 million. TreeHouse Foods had a return on equity of 6.42% and a net margin of 0.80%. The business’s revenue was down .5% on a year-over-year basis. During the same period in the prior year, the business earned $0.77 EPS. On average, sell-side analysts predict 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 hedge funds have recently added to or reduced their stakes in the stock. Hsbc Holdings PLC lifted its position in TreeHouse Foods by 4.5% in the 4th quarter. Hsbc Holdings PLC now owns 9,024 shares of the company’s stock valued at $317,000 after purchasing an additional 385 shares during the last quarter. Comerica Bank grew its holdings in TreeHouse Foods by 1.5% in the 4th quarter. Comerica Bank now owns 28,207 shares of the company’s stock worth $991,000 after buying an additional 407 shares in the last quarter. BNP Paribas Financial Markets increased its position in TreeHouse Foods by 4.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 10,657 shares of the company’s stock valued at $447,000 after acquiring an additional 481 shares during the period. Bank of Montreal Can boosted its position in TreeHouse Foods by 9.6% during the 4th quarter. Bank of Montreal Can now owns 7,740 shares of the company’s stock worth $272,000 after acquiring an additional 681 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of TreeHouse Foods by 2.7% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,838 shares of the company’s stock worth $943,000 after purchasing an additional 696 shares in the last quarter. 99.81% of the stock is currently owned by institutional investors.

TreeHouse Foods Company Profile

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.