Prestige Brand Holdings, Inc. (NYSE:PBH) has been assigned a consensus rating of “Buy” from the eleven research firms that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have assigned a buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $64.83.
Several equities analysts have commented on PBH shares. Zacks Investment Research downgraded Prestige Brand Holdings from a “buy” rating to a “hold” rating in a research report on Wednesday, March 22nd. Jefferies Group LLC upped their target price on Prestige Brand Holdings from $47.00 to $49.00 and gave the stock an “underperform” rating in a report on Wednesday, April 19th. DA Davidson reiterated a “buy” rating and issued a $79.00 target price on shares of Prestige Brand Holdings in a report on Monday, May 8th. Raymond James Financial, Inc. upgraded Prestige Brand Holdings from a “market perform” rating to an “outperform” rating and set a $55.00 target price for the company in a report on Monday, May 22nd. Finally, BidaskClub upgraded Prestige Brand Holdings from a “strong sell” rating to a “sell” rating in a report on Saturday, June 17th.
Several large investors have recently modified their holdings of PBH. Cortina Asset Management LLC boosted its stake in shares of Prestige Brand Holdings by 15.8% in the fourth quarter. Cortina Asset Management LLC now owns 86,057 shares of the company’s stock worth $4,484,000 after buying an additional 11,745 shares during the period. 1st Global Advisors Inc. boosted its stake in Prestige Brand Holdings by 21.3% in the first quarter. 1st Global Advisors Inc. now owns 15,993 shares of the company’s stock worth $889,000 after buying an additional 2,810 shares during the period. Arrowpoint Asset Management LLC boosted its stake in Prestige Brand Holdings by 2,587,841.7% in the fourth quarter. Arrowpoint Asset Management LLC now owns 621,106 shares of the company’s stock worth $32,360,000 after buying an additional 621,082 shares during the period. Comerica Bank boosted its stake in Prestige Brand Holdings by 13.7% in the fourth quarter. Comerica Bank now owns 42,139 shares of the company’s stock worth $2,187,000 after buying an additional 5,074 shares during the period. Finally, Numeric Investors LLC boosted its stake in Prestige Brand Holdings by 126.4% in the fourth quarter. Numeric Investors LLC now owns 36,000 shares of the company’s stock worth $1,876,000 after buying an additional 20,100 shares during the period. Hedge funds and other institutional investors own 98.54% of the company’s stock.
Shares of Prestige Brand Holdings (NYSE PBH) traded up 1.20% on Friday, hitting $51.24. 268,766 shares of the stock were exchanged. The company has a 50 day moving average of $51.40 and a 200 day moving average of $53.96. Prestige Brand Holdings has a 52-week low of $44.64 and a 52-week high of $59.63. The company has a market cap of $2.71 billion, a price-to-earnings ratio of 39.42 and a beta of 1.18.
Prestige Brand Holdings (NYSE:PBH) last announced its quarterly earnings data on Thursday, May 11th. The company reported $0.54 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.55 by $0.01. The business had revenue of $240.70 million during the quarter, compared to the consensus estimate of $234.74 million. Prestige Brand Holdings had a net margin of 7.87% and a return on equity of 16.15%. The business’s revenue was up 15.8% compared to the same quarter last year. During the same period last year, the company earned $0.52 EPS. Equities research analysts forecast that Prestige Brand Holdings will post $2.63 earnings per share for the current year.
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About Prestige Brand Holdings
Prestige Brands Holdings, Inc is engaged in the marketing, sales and distribution of over-the-counter healthcare and household cleaning products. The Company operates through three segments: North American Over-the-Counter (OTC) Healthcare; International Over-the-Counter Healthcare, and Household Cleaning.
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