Prestige Brands (PBH) Upgraded at Zacks Investment Research

Zacks Investment Research upgraded shares of Prestige Brands (NYSE:PBH) from a sell rating to a hold rating in a research report released on Thursday, January 4th.

According to Zacks, “Prestige Brands Holdings, Inc. markets and distributes brand name over-the-counter and household cleaning products, in certain international markets. The Company’s brands include Monistat and Summer’s Eve women’s health products, BC and Goody’s pain relievers, Clear Eyes eye care products, DenTek specialty oral care products, Dramamine motion sickness treatments, Chloraseptic sore throat treatments, Compound W wart treatments, Little Remedies pediatric over-the-counter products, The Doctor’s NightGuard dental protector, Efferdent denture care products, Luden’s throat drops, Beano gas prevention, Debrox earwax remover, Gaviscon antacid in Canada, and Hydralyte rehydration products and the Fess line of nasal and sinus care products. Prestige Brands is a different kind of company. They focus on product innovation and quality in the over-the-counter healthcare and household cleaning categories to better improve the lives of customers and their world. “

Other equities research analysts have also issued research reports about the company. KeyCorp set a $61.00 target price on Prestige Brands and gave the company a buy rating in a research note on Monday, October 16th. Jefferies Group reaffirmed a hold rating and issued a $55.00 target price (up previously from $54.00) on shares of Prestige Brands in a research note on Monday, October 2nd. William Blair raised Prestige Brands from a market perform rating to an outperform rating in a research note on Monday, December 4th. BMO Capital Markets raised Prestige Brands from a market perform rating to an outperform rating in a research note on Wednesday, November 15th. Finally, DA Davidson reaffirmed a buy rating and issued a $79.00 target price on shares of Prestige Brands in a research note on Monday, December 18th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have issued a buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus price target of $77.75.

Shares of Prestige Brands (PBH) traded down $0.11 on Thursday, reaching $44.84. The company’s stock had a trading volume of 280,000 shares, compared to its average volume of 589,944. Prestige Brands has a 12 month low of $40.11 and a 12 month high of $59.63. The stock has a market cap of $2,380.00, a price-to-earnings ratio of 22.42, a PEG ratio of 1.82 and a beta of 1.19. The company has a debt-to-equity ratio of 2.34, a current ratio of 2.06 and a quick ratio of 1.32.

Prestige Brands (NYSE:PBH) last announced its quarterly earnings data on Thursday, November 2nd. The company reported $0.61 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.66 by ($0.05). Prestige Brands had a net margin of 11.03% and a return on equity of 15.32%. The business had revenue of $258.00 million during the quarter, compared to analysts’ expectations of $267.12 million. During the same period in the prior year, the firm posted $0.63 EPS. Prestige Brands’s revenue for the quarter was up 19.9% compared to the same quarter last year. equities analysts predict that Prestige Brands will post 2.62 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently modified their holdings of PBH. Bank of New York Mellon Corp raised its holdings in Prestige Brands by 0.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 642,408 shares of the company’s stock valued at $33,924,000 after acquiring an additional 4,110 shares during the last quarter. Legal & General Group Plc raised its holdings in Prestige Brands by 22.2% in the 2nd quarter. Legal & General Group Plc now owns 41,690 shares of the company’s stock valued at $2,203,000 after acquiring an additional 7,565 shares during the last quarter. Marshall Wace North America L.P. acquired a new position in Prestige Brands in the 2nd quarter valued at $257,000. State Board of Administration of Florida Retirement System raised its holdings in Prestige Brands by 0.3% in the 2nd quarter. State Board of Administration of Florida Retirement System now owns 33,796 shares of the company’s stock valued at $1,785,000 after acquiring an additional 98 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Prestige Brands by 10.9% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,080 shares of the company’s stock valued at $110,000 after acquiring an additional 205 shares during the last quarter.

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Prestige Brands Company Profile

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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